Caged Beasts Making Ripples; Is Stellar A Good Coin To Buy?
Is Stellar A Good Coin To Buy Amidst Market Uncertainty? Caged Beasts Shakes The Realm Of Crypto
The realm of cryptocurrency is replete with uncertainties, and Stellar stands as no exception. Nevertheless, amidst its weak outlook, there are promising signs that Stellar’s (XLM) price might undergo a potential rebound.
On the other hand, a captivating new meme coin has emerged, causing ripples in the cryptocurrency market. Caged Beasts (BEAST) revolutionizes locked liquidity and introduces a world of powerful creatures and digital finance. This altcoin presents an alluring prospect for investors, offering the promise of financial freedom within its captivating domain.
In this article, we will examine the factors that contribute to the volatility of Stellar while analyzing the prospects of an imminent surge in its value, forecasting the Stellar coin. Additionally, we will explore the latest addition to the world of cryptocurrencies, Caged Beasts, uncovering its unique features and potential impact on the market.
A Stellar Bounce on the Horizon
Analyzing the XLM price movement, we observe a decline from its yearly high of $0.11 on April 1, as evident in the daily time frame. During this decline, XLM breached the expected support level at $0.095, which now acts as potential resistance going forward. The descending pattern resembles a five-wave downward movement, indicating that XLM is currently in its fifth and final wave of decline. Considering the preceding corrective structure in the form of an A-B-C pattern, the overall trend appears bearish.
Shifting our focus to the short-term six-hour time frame, technical analysis suggests an imminent bounce. This prediction is primarily based on the Relative Strength Index (RSI) reading. Since May 9, the RSI has exhibited significant bullish divergence.
Traders utilize the RSI as a momentum indicator to assess overbought or oversold market conditions and determine whether to accumulate or sell an asset. A reading above 50 with an upward trend favors the bulls, while a reading below 50 indicates the opposite. A bullish divergence occurs when a decrease in momentum doesn’t align with a price decrease, often resulting in sharp bullish trend reversals.
If an upward movement materializes, we can anticipate the XLM price to rise towards the resistance region at $0.105. However, this bullish prediction would be invalidated if the price closes below $0.088, which could trigger a drop towards the support area at $0.080.
Time To Unleash The Beasts: Empower Finance Through Decentralization & Unbound Potential
Caged Beasts stands out in the realm of cryptocurrencies with its innovative concept of ‘Caged Liquidity,’ aiming to revolutionize the finance industry through decentralization and liberate itself from the limitations faced by other tokens. The distinguishing aspect of Caged Beasts is its steadfast commitment to securely locking up funds, promoting transparency, and setting itself apart from its counterparts.
Caged Beasts introduces a groundbreaking approach to cryptocurrencies by placing unparalleled transparency at the forefront. Unlike other tokens, it allows all participants to witness the strict lock-up of funds, ensuring a high level of trust and integrity. Operating under a controlled and fortified framework, the ecosystem ensures utmost security by securely locking 75% of the raised funds until the release date.
The community of Caged Beasts aims to reshape the industry by prioritizing decentralization and challenging the constraints of traditional finance. The Plot, Pre-Sale, and Release stages lay the groundwork for an extraordinary transformation, driven by a diverse group of captivating and influential individuals.
By fostering active involvement from the community, implementing transparent tokenomics, and following a comprehensive roadmap, Caged Beasts extends a warm invitation to investors and enthusiasts alike. Join this revolutionary movement and become integral to an extraordinary decentralized ecosystem that dares to defy conventional norms.
Take advantage of the chance to secure your spot in the upcoming pre-sale and embark on a transformative voyage towards reshaping the realm of finance collectively. Sign up today and ensure your position in the next explosive trend in the meme space, as BEASTS unleash the boundless possibilities of decentralized technology!
Find out more about Caged Beasts (BEAST)
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
Disclaimer : The above is a sponsored article and the views expressed are those of the sponsor/author and do not represent the stand and views of The Tribune editorial in any manner.
