The Graph (GRT) chart showcases the dominance of bears on the charts, which could indicate that the price is in a downward direction, as it is breaking below the key moving averages. Alongside it, Injective (INJ) has also consolidated in a range, and bulls are clearly losing their momentum and dominance over the crypto. As a result, many are turning towards the Meme Moguls (MGLS) presale, as it can provide them with significant ROI as analysts project a 100x upswing at launch.
What you'll learn 👉
The Graph (GRT) Bulls Lose Dominance – Can Bears Push Its Value Further Down?
The Graph (GRT) on-chart data showcases a decline from the higher level over the weekly timeframe. GRT needs to attract more buyers in order to reach the upper level and sustain above it. As a result, The Graph crypto trading volume has been below average and needs to show some sign of growth in order to sustain a higher level. The Graph price is trying to break above the 20 and 50-day DMA. During the previous week, the altcoin moved from $0.1473 to $0.1703. According to The Graph price prediction, it can end in 2024 at a value of $0.2772.
If Injective (INJ) Drops Under 20-Day Ema, Can It Recover?
Injective (INJ) has dropped below the 20-day EMA, showcasing early signs of weakness. The INJ crypto has been hovering back and forth within a range during the past several trading sessions, which highlights short-term volatility. The Injective price has moved from $33.72 to $41.67 during the past week, after which it retraced back to the $33 range, where it found support.
The current Injective crypto price trend is not maintaining a strong outlook, yet many are optimistic and project that a turn in its momentum can occur soon. If it manages to remain above the 50-day and 200-day EMAs, it could result in a positive trend prevailing for the altcoin. The RSI is neutral at 50 points, and the SMA is at 55. According to the Injective price prediction, it can end 2024 at a value of $60.48.
Meme Moguls (MGLS) to Introduce Metaverse and Enters Stage 5 of Presale
Meme Moguls (MGLS) is reinventing how traders enter the meme coin market by introducing Play-to-Earn (P2E) elements. Players can compete in simulated trading in order to learn how to utilize numerous strategies for investment.
Every player begins with $100,000 in virtual cash and can create a portfolio with it. They can then complete challenges to turn these simulated profits into cashable returns. Every player can also use just 20% of the portfolio in a single investment to better simulate real-world trading.
Alongside it, anyone can access Moguls World. This represents a Metaverse in which players can mine tokens, connect, and join liquidity pools to stake their tokens. Each user can also complete missions and challenges and will be able to access valuable meme-inspired assets. Anyone can then resell them for additional capital gains.
While The Graph and Injective are struggling to regain bullish momentum, Meme Moguls is dominating with its blockchain ICO. At Stage 5 of the presale, MGLS trades at just $0.0036. It’s up 33.33% from its previous stage and can spike 100x at launch based on the latest projections. All of these aspects make it the best new crypto to invest in.
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