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Amidst Market Fluctuations, Ethereum Trader’s Focus Shifts to XRP, TRX, and Meme Coin Catzilla
In the midst of market uncertainty, a prominent trader has shifted their attention towards alternative options. This comes as no surprise, given the recent fluctuations in cryptocurrency prices. According to reports, the trader behind the remarkable success of NEIRO ($10 million) has set their sights on XRP, TRX, and the newly introduced meme coin, Catzilla.
As we all know, the crypto market is notorious for its unpredictability. And as such, it’s essential for traders to adapt and be prepared for any eventuality. It appears that this trader has done just that by exploring alternative options.
So, what does this mean for XRP and TRX?
For XRP, a potential upside could be in store, with the coin currently trading between $0.22-$0.26. Although there is no concrete evidence to support this assertion, it’s possible that the trader’s focus on the asset could spark increased interest and drive prices up.
Regarding TRX, the situation seems more nuanced. Despite a recent drop, the Relative Strength Index (RSI) has fallen to around 31, indicating potential overselling. The MACD and Stochastic indicators also suggest a slight shift towards an upward trend. If TRX manages to overcome its $0.29 resistance level, it could potentially rise to $0.33.
This development would translate to an astonishing gain of over 20%. However, it’s crucial to keep in mind that strong support at the $0.21 mark might stabilize prices if they fall.
In terms of Catzilla, this meme coin has already garnered significant attention due to its impressive ROI potential. With a starting price of $0.0002 and increasing to $0.0016 over 14 stages during its presale, it’s easy to see why traders are eager to get in on the action.
Source: coinpedia.org
