With the star cryptocurrency Bitcoin and other major counterfeit currencies constantly taking significant measures, the cryptocurrency market seems to have surpassed the bearish impact to some extent. Although the top ten counterfeit coins have consistently achieved good growth, three of them have shown outstanding performance in terms of growth
With the star cryptocurrency Bitcoin and other major counterfeit currencies constantly taking significant measures, the cryptocurrency market seems to have surpassed the bearish impact to some extent. Although the top ten counterfeit coins have consistently achieved good growth, three of them have shown outstanding performance in terms of growth. These three types of counterfeit coins are BandProtocol (BAND), Stratis (TRAX), and WazirX (WRX), which have increased by as much as 35% to 40% in the past 24 hours.
Band protocol (BAND) is a protocol used for wireless communication.
The price of BandProtocol has broken the previous downward trend and has been trading since the beginning of this year.
In the past day, the token has increased by over 100%, indicating that it is in an extremely bullish state and is expected to continue for a long time.
According to the DMI indicator, it is currently in a bullish state, as ADX has triggered a rebound and the+DI line has exceeded the - DI line, indicating a good upward momentum.
Although the BAND price may temporarily decline, a rebound from the support level of $1.35 may trigger a price reversal and achieve the higher target mentioned above.
Stratis is a digital currency, also known as Stratis.
Since the Strax price was unable to break through the important resistance zone, trading has been extremely bearish for over a year.
Since the beginning of this year, prices have been unable to break through $0.844 until the latest increase.
The price was rejected in the resistance zone slightly below $1.3, while the trend continued to remain high.
Due to RSI reaching overbought levels, a slight pullback may lower prices to slightly below $1, followed by a bullish rebound above these levels.
Wazir X (WRX)
WazirX's tokens fell sharply after a slight increase at the beginning of the year. But the recent rise seems to have broken through the key resistance zone, with prices soaring between $0.1166 and $0.1192, reaching a mid-term high of $1.368. Although the price may temporarily decline, due to its stable resistance turning to support the region, a reversal seems imminent. In addition, the super trend is closer to triggering a bullish signal, with a large influx of buying, indicating that the upward trend will continue for a long time.
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