Among the many coin launches this week, two on Solana and one on the base received particular attention.
PRAWN leads with a market capitalization of $25 million and 92,000 daily transactions. CHAOS maintains a $16 million valuation despite recent volatility. Meanwhile, TETSUO has gained momentum with 12,000 holders and $5.8 million in daily volume. All three coins demonstrate promising growth potential based on technical indicators.
Pepe the king shrimp (PRAWN)
PRAWN, a recently launched product Meme piece based on Solanaquickly gained traction in the cryptocurrency market, reaching a market capitalization of $25 million in less than 48 hours.
The coin has demonstrated remarkable community engagement, attracting over 10,000 holders and generating approximately 92,000 daily transactions.
Current SHRIMP ROI (Relative Strength Index) reading of 40 indicates that it is neither overbought nor oversold. This could leave room for a possible upward movement.
This neutral RSI position suggests that PRAWN could maintain its momentum and potentially double its market capitalization to $50 million.
CHAOS
CHAOS, a new coin on Basehas quickly established a significant presence since its launch four days ago. It has accumulated over 10,000 holders and maintained a steady flow of over 6,700 daily transactions.
Despite its current market cap of $16 million, the coin recently saw a 13.5% decline in the last 24 hours.
The CHAOS RSI reading of 56, positioned in the middle range, combined with the recent price correction, suggests that CHAOS could find its balance after initial trading volatility.
This technical setup, along with its proven ability to reach a market cap of $30 million just two days ago, indicates recovery potential. The recent pullback could provide an entry opportunity for traders who missed the initial surge.
Tetsuo Coin (TETSUO)
TETSUO, one of the many pieces launched on Solanademonstrated traction in its first five days. It attracted over 12,000 holders and maintained an equally impressive daily transaction count.
The coin’s current market capitalization of $12 million, coupled with a strong daily trading volume of $5.8 million, indicates significant market engagement and liquidity.
With an RSI (Relative Strength Index) reading of 39.6, suggesting the coin approaches oversold territory, TETSUO could be positioned for a bullish move.
Given its established trading volume and holder base, a resumption of buying pressure could push the token towards the $15 million market cap resistance level. If that happens, TETSUO has the potential for further expansion up to $20 million if momentum builds.
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