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The crypto market is full of golden opportunities and portfolio-draining investments. Therefore, it is important to carefully research decisions to find which investments can yield unstoppable growth.
Every day, innovative projects are stepping into the limelight, and Orbeon Protocol holds exceptional promise with a forecasted 6000% growth, aimed at disrupting traditional funding. Whether you should invest during its ongoing presale, or choose existing projects like Dogecoin or Cronos, is analyzed in this article.
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Like every other cryptocurrency, the price of Dogecoin fell deeply this year. However, the meme coin was able to preserve its price and hold its ground.
Dogecoin traded about 76% below an all-time high price of $0.74 at the beginning of 2022. Its price on January 1st was $0.175. However, Dogecoin also went down below the $0.05 range. Its downward movement only saw a small retracement to about $0.60. Both RSI and moving averages indicate a strong bearish trend at that time.
Fortunately, it broke out of the range and bounced off the $0.05 support level before rising above $0.15. The current price of Dogecoin is $0.08. So far this year, Dogecoin is down considerably by 50%.
Although Dogecoin is still trading within a range on the higher time frame, the first bullish leap is good news for the DOGE community and token holders. If it can break the immediate resistance level and supply zone, Dogecoin will be confirmed bullish.
In the last few days, the Cronos token, the native utility token of the Cronos chain, has registered new lows as its price continues to be strongly bearish. The
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