November 18, 2024
Cryptocurrency News

Cardano, Kaspa, and Dogecoin Smash Weekly Charts – Will PlutoChain Join Their Ranks?

Two weeks after Trump’s dominant win, Dogecoin resisted the sell-off pressure and stabilized with a 25% seven-day profits.

Cardano is following it closely with a 19% uptick in the same time frame, while Kaspa lost some of its monthly profits.

On the presale side of the market, there’s a new name that received significant attention lately – PlutoChain ($PLUTO).

Let’s check out what we can expect from these trending cryptocurrencies in the coming months.

Cardano (ADA) – Ready to Break $0.80 or Pull Back?

Cardano (ADA) trades at $0.79 per CoinGecko after a strong 20% surge this past week, though still a long way from its $3 peak back in 2021.

A break above the key $0.80 resistance could open the path to the coveted $1 mark – but the big question is whether this momentum can last.

The technicals paint an interesting picture. The RSI hovers just below overbought levels, hinting at more potential upside for buyers.

Yet caution prevails as ADA sits below its short-term moving average of $0.74, with the $0.59 support level in play if bulls lose steam.

All eyes are on the $0.80 resistance now – a clean break could kick off a major rally, while rejection here might spark a healthy pullback to reset the market.

Kaspa (KAS) – Neutral Territory or Preparing for a Breakout?

Kaspa (KAS) trades at $0.1521 per CoinGecko, stuck in a tight range as it tests the waters between $0.12 and $0.16.

Though recent days saw some pullback, KAS still boasts a solid 12% gain over the past year.

With the RSI at 55, KAS sits comfortably in neutral territory, while a positive MACD signals healthy underlying momentum.

Here’s where it gets interesting – the $0.16 resistance level stands as the key barrier for KAS right now.

Until bulls can push past this roadblock, upside potential remains capped. A breakthrough above the next major target at $0.1991 could reignite the bullish fire.

However, failure to hold current levels might force a test of the $0.10 support – a crucial level to watch.

Smart money is keeping close tabs on these key price points, as any decisive break could set the tone for KAS’s next major move.

Dogecoin (DOGE) – Can Trump’s DOGE Department Fuel Further Rally?

Dogecoin (DOGE) trades at $0.36 per CoinMarketCap, riding high after an explosive surge to its yearly peak of $0.40 following Trump’s announcement of the Department of Government Efficiency (DOGE).

DOGE successfully broke through multiple resistance levels during its recent rally, with the RSI suggesting there’s still room for growth despite the impressive gains.

The $0.40 psychological barrier now stands as the immediate hurdle. A breakthrough here could set DOGE up for a push toward the next major resistance at $0.45, while support at $0.32 should cushion any potential pullbacks.

Market sentiment remains particularly bullish, with Coinbase CEO Brian Armstrong’s recent comments about the new DOGE agency and Musk’s involvement adding extra momentum to the token’s upward trajectory.

PlutoChain ($PLUTO) – Revolutionizing Bitcoin’s Ecosystem with Next-Gen Layer-2 Innovation

Bitcoin’s dominance in the crypto space is undisputed, but its limited smart contract capabilities have held it back in the DeFi revolution.

That’s why we got PlutoChain, an ambitious layer-2 protocol that wants to unleash Bitcoin’s full potential by bringing advanced smart contract functionality to the world’s largest blockchain.

By integrating DeFi, NFTs, and metaverse capabilities, PlutoChain is positioning itself as the bridge between Bitcoin’s rock-solid security and the innovative world of decentralized applications.

The project’s presale is live at $0.102, with early investors getting first access before the anticipated price increases in subsequent rounds.

PlutoChain’s architecture solves multiple challenges at once – delivering lightning-fast transactions, minimal fees, and unprecedented scalability for Bitcoin’s ecosystem.

The project’s EVM compatibility is a game-changer, enabling seamless migration of Ethereum DeFi protocols to Bitcoin’s network without complex code rewrites.

This could unlock massive potential for Bitcoin in the $90+ billion DeFi market.

With Bitcoin’s current DeFi presence being minimal compared to Ethereum’s ecosystem, PlutoChain’s timing couldn’t be better.

The team’s commitment to security is evident through their successful SolidProof audit, regular security checks, and robust encryption protocols that ensure user assets remain protected.

Final Words

The technical indicators paint a promising picture for Cardano, Kaspa, and Dogecoin, with each showing unique strength in their respective price zones.

However, as any seasoned trader knows, the indicators can shift rapidly.

That’s why diversification into promising presale projects like PlutoChain could be worth considering.

With its innovative approach to Bitcoin’s DeFi capabilities and a solid technical foundation, $PLUTO presents an interesting opportunity for early investors looking to balance their portfolios.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article