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Meme coins like Cutoshi, Shiba Inu, and Brett are trading at undervalued levels, presenting high growth opportunities this cryptocurrency season as they aim to replicate the success of Dogecoin.
Many cryptocurrencies, especially meme coins, are trading at undervalued prices despite the bull market. These meme coins can generate big profits this cryptocurrency season as they show high growth potential. The three main meme coins, Shiba Inu, Brett and cutoshiThey trade at lower prices and can potentially replicate Dogecoin's gains.
Cutoshi prepares to lead the meme coin pack
While major meme coins have performed well, hype rallies have become a risk factor for investors. There are utility meme coins like Cutoshi, which make their moves due to strong fundamentals and community support. Cutoshi is a major contender in the MemeFi space and aims to bridge the gap between traditional and digital finance.
bitcoin's ideals inspire Cutoshi to spread decentralization globally and create a more efficient economy. Cutoshi fulfills these dreams with various utilities in its ecosystem. Cutoshi features an advanced DeFi ecosystem with notable features such as a multi-chain DEX. This allows users to seamlessly trade and trade cryptoassets across multiple blockchains. Users can earn attractive rewards through the Cutoshi Farming initiative by actively interacting with the platform.
The Cutoshi Farming protocol rewards participants with points that can be exchanged for free Cutoshi tokens. Surprisingly, over 1,300 users joined in the first 48 hours of its launch, highlighting the project's rapidly growing community. Early followers and competition winners will also receive nfts as a free reward.
Cutoshi created Cutoshi Academy to simplify essential concepts because cryptocurrencies can be intimidating for beginners. The Academy helps newcomers understand the basics of trading, build solid portfolios, and avoid common mistakes.
Cutoshi has launched a meme contest with a prize pool of $2,000. The top ten meme creators will share the rewards. To enter, create engaging memes, tag @CutoshiToken, and use the hashtag #CutoshiMeme. For more information, head to the official site. <a target="_blank" href="https://twitter.com/CutoshiToken” target=”_blank”>Account x.
Early adopters can purchase CUTO tokens during the pre-sale for $0.0259. This ethereum-based meme coin is expected to rival Shiba Inu and Brett soon.
Shiba Inu surfs 10-day moving average, will it break soon?
Since the breakout on November 9, Shiba Inu rose almost 50% before peaking on the 12th with a high of $0.00003. After the correction from above, SHIB has failed to regain strength. However, it is trading above the short-term moving averages of 10 and 20. While it has received support from the 10-DMA several times, it has only touched 20 twice, indicating that the coin still has strong purchasing power.
According to technical analysis, Shiba Inu is trading within the triangle pattern, which will work as a bullish continuation pattern if it breaks the overhead resistance. The breakout level of this triangle pattern coincides with the resistance level of $0.000025, which is the main level to watch in the coming days.
The first target for SHIB price is $0.00003, the recent high. The next target could be the March resistance level of $0.000032. If it breaks, the main support levels are $0.000022 and $0.00002.
Brett is trading in a bullish flag pattern
Compared to technical analysis, Brett has shown stronger strength than Shiba Inu, but lags behind Cutoshi. After the early November rally, Brett has been trading in a bullish flag pattern. This flag pattern in Brett has a depth of 15% and a duration of 14 days. Currently, the price is close to the breakout level. If buyers take control, the recent high could be surpassed.
Brett's Relative Strength Index is at 67, near the overbought zone, but could rise if the price breaks nearby resistance levels. The MACD is showing mixed signals as the MA lines are flat. The change of direction of the MA lines will further decide the price direction of Brett.
For more information on Cutoshi pre-sale, please visit the website. Join and become a member of the community at <a target="_blank" href="https://twitter.com/CutoshiToken” target=”_blank”>twitter and Telegram.
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