The post How High Can SUI Go? Experts Say Dogwifhat (WIF) And FXGuys ($FXG) Are In Contention For Massive Gains appeared first on Coinpedia Fintech News
How high SUI can go is a fair question, and the answer right now is simply very high. But it is not just SUI; the crypto market, in general, is projected to be kind to investors this month. Dogwifhat (WIF) and FXGuys ($FXG) are believed to be in contention for massive gains. While looking for the perfect entry point for Dogwifhat right now might be difficult, the opposite is true for FXGuys.
Let’s discuss what crypto market forecasters have up their sleeves for SUI, WIF, and $FXG in the next few months!
SUI: A Rising Star Targeting the Next Bull Run
Although SUI is currently on the good side of the market, what will be its position in the future? SUI is ranked 31st in terms of market capitalization. According to a recent analysis, SUI laid out a horizontal channel pattern.
This pattern provides a buy and sell point, which means there is a clear and systematic way to trade. The longer the horizontal channel, the stronger the exit movement will be.
SUI is currently trading at $0.9265 and has only just recovered from a minor price drop. If the pattern trend continues, SUI is likely to reach the resistance levels of $1.059 and $1.3974. However, if it reverses, SUI might fall to a support of $0.8027.
A technical analysis involving the Moving Average, Relative Volume, and Relative Strength Index was also performed to predict the SUI price. According to the RSI, SUI is neutral, but the 50MA predicts a bullish trend. With a trading volume of $315,319,849, SUI indicates that it is maintaining a steady growth pattern.
Dogwifhat Turns Bearish: What to Expect?
Dogwifhat now has a market capitalization of around $4 billion, making it the third biggest memecoin. However, it ranks 48th overall, according to CoinMarketCap.
According to a recent analysis, Dogwifhat laid a descending channel pattern. This indicates a short-term bearish but often results in long-term uptrends. Usually, with a descending channel, a trader could place a sell when the price reaches its resistance trendline.
Dogwifhat is currently trading at $1.65. If the pattern trend continues, WIF might reach a resistance level of $2.045 and $2.403. However, if it reverses, the WIF price might fall to a support level of $1.337.
According to a comprehensive technical analysis, the 50 MA indicates a bullish trend and RSI is neutral. Interestingly, Dogwifhat has an impressive trading volume of over $310 million. This reflects strong investors’ interest and suggests a bullish trend. Furthermore, with future upgrades the the project as a whole, WIF might surpass its current ATH of $4.85.
FXGuys Shows Massive Potential as Its Presale Continues to Shine!
FXGuys is another project to look out for. Although yet to launch, FXGuys has a number of features that prove it has great potential. FXGuys is a unique Forex Trader Development Ecosystem.
It is the first decentralized FX brokerage, with a custom platform, and analytic and social trading tools. One of FXGuy’s key features is its Trade2Earn program which rewards every trade with $FXG tokens. Furthermore, these tokens can be exchanged for rewards and exclusive trading perks.
With FXGuys still in its private sale phase, selling for $0.015, now is the best time to join the ride. What’s more, the platform provides its traders with $200,000 capital to manage. With FXGuys, the more you trade, the more tokens you accumulate.
The split of your profit is 80% for traders and 20% for FXGuys. However, your profit can increase as you keep trading. Be a loyal member by purchasing FXG tokens and benefit from its projected 1000x ROI.
When it comes to the presale phase, $FXG will soon enter Stage 1 of its presale at $0.03. At the end of the presale, $FXG will launch at a price of $0.10, bringing a staggering 566% profit for investors who join the presale now!
What’s Next for SUI, WIF, and FXGuys?
It is almost impossible to predict the next move of a cryptocurrency. However, with proper analysis, projections can be made about crypto coins that carry some potential. Here, we took a deeper look into projections for three top altcoins: SUI, WIF and FXG.
The most promising among all is FXGuys, proving to be a great investment opportunity. Market analysts predict a potential for $FXG to surge 10,000% after listing.