Both Cosmos (ATOM) and Toncoin (TON) fell into the red zone on the weekly and monthly charts, worrying many investors and traders about their price outlook. This is the result of a broader market price correction phase. As a result, traders are turning towards lesser-known gems or tokens that have high-growth potential. One such token is Pullix (PLX), which has recently made significant progress with its blockchain ICO. To see just what kind of future lies ahead for each altcoin, we will go over their on-chart performance. By the end, we will see which is one of the best cryptos to buy now.
Cosmos (ATOM) is trading below the 20-day, 50-day, and 100-day EMAs, which are resisting the crypto’s price trend. Buyers are barely holding onto the 20-day EMA as well, and if this breaks, then the Cosmos price could experience a massive drop, depending on the selling pressure. Its value could fall more and even hit the demand zone in the flow.
Not all is lost, as its RSI could soon move above 50, and buyers could regain control if more of them accumulate the Cosmos crypto. The price could also continue its downward trend near the closet support level. During the past week, ATOM traded between $9.22 and $10.52. If it breaks above $11, according to the Cosmos price prediction, it can end 2024 at a value of $16.46.
Toncoin (TON)’s on-chart data suggests that the crypto is fading in terms of bullish momentum. While the price behind the Toncoin crypto did experience a sharp rise during the previous month, it has recently experienced a price correction phase.
The technical indicators on the charts imply that the price has dropped below the 50-day EMa, indicating weakness in the momentum. The Toncoin price is still above its 200-day EMA, however, suggesting that the positive trend can prevail in the long term. The forecast for the end of 2024 is fairly bullish, as based on the Toncoin price prediction, it’s expected to rise as far as $3.72.
Pullix (PLX) is getting traction at an increasing basis following its ongoing presale. This innovative trading platform is attempting to bridge the gap between CEXs and DEXs while providing users with a unique amalgamation of both exchange types.
It will tackle liquidity challenges that have prevented the mainstream adoption of these technologies, which will enable it to stand out in the TradFi landscape. Pullix will also introduce advanced trading tools that enrich user profitability and order execution. Anyone can begin margin trading, get access to institutional tools, and copy the most successful traders.
The project has sold over 80 million tokens and is now at Stage 7 of the presale. Here, a single PLX token trades at just $0.10, and the presale has raised nearly $5 million. At launch, analysts expect a price upswing of 100x.
As Cosmos and Toncoin struggle to reach new heights, all eyes are on the Pullix presale. The platform will support features like perpetual futures, CFDs, a secure cryptocurrency vault, a passive income lending protocol, and a DeFi and NFT Launchpad. All of these aspects are positioning it as one of the best cryptos to buy now.
For more information regarding Pullix’s presale see the links below:
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