Among the numerous coin launches this week, two on Solana and one on Base have captured notable attention.
PRAWN leads with a $25 million market cap and 92,000 daily transactions. CHAOS sustains 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 Prawn (PRAWN)
PRAWN, a recently launched Solana-based meme coin, has quickly gained traction in the cryptocurrency market, achieving a $25 million market capitalization in less than 48 hours.
The coin has demonstrated remarkable community engagement, attracting over 10,000 holders and generating approximately 92,000 daily transactions.
PRAWN current RSI (Relative Strength Index) reading of 40 indicates that it is neither overbought nor oversold. This could leave room for potential 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 meme coin on Base, has quickly established a significant presence since its launch four days ago. It has accumulated over 10,000 holders and maintained a steady flow of more than 6,700 daily transactions.
Despite its current market capitalization of $16 million, the coin has experienced a recent 13.5% decline in the last 24 hours.
CHAOS RSI reading of 56, positioned in the middle range, combined with the recent price correction, suggests that CHAOS may be finding its equilibrium after initial trading volatility.
This technical setup, along with its proven ability to reach a $30 million market cap just two days ago, indicates potential for a recovery. The recent pullback could be providing an entry opportunity for traders who missed the initial surge.
Tetsuo Coin (TETSUO)
TETSUO, one of the many coins launched on Solana, has demonstrated traction in its first five days. It attracted over 12,000 holders and maintaining 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 is approaching oversold territory, TETSUO could be positioned for an upward movement.
Given its established trading volume and holder base, a revival in buying pressure could push the token toward the $15 million market cap resistance level. If that happens, TETSUO has the potential for further expansion to $20 million if momentum builds.
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