Best crypto to buy now July 24 – Flex Coin, ApeCoin, The Graph -TGN

Bitcoin is currently trading at $29,038 and is down 3.47% year to date, likely due to market anticipation of the Federal Reserve’s interest rate announcement on July 26.

The broader cryptocurrency market is also experiencing declines. Ether, the second largest cryptocurrency, is down 2.39% and is trading at $1,844.

Other major cryptos such as Ripple and Binance Coin are also down, down 4.89% and 1.98% respectively.

In other news, Sam Altman, CEO of OpenAI, today launched a new cryptocurrency called Worldcoin.

Its standout feature is an identity verification system that uses retina scans to combat the problem of synthetic identities generated by AI platforms.

Leading crypto exchange Binance also announced plans to list Worldcoin. However, regulatory issues have so far limited Worldcoin’s availability in the US.

Given the current context of the cryptocurrency market, Flex Coin, Evil Pepe Coin, ApeCoin, Burn Kenny, and The Graph are arguably some of the best cryptos to buy right now, thanks to their strong fundamentals and/or positive technical analysis.

Ready for the next phase: why Flex Coin (FLEX) is one of the best cryptos to buy right now

After the failed attempt to raise the Fib 0.236 level at $4,862 on July 21, the cryptocurrency retraced its path back near the Fib 0.618 level at $3,841.

A subsequent attempt to break out of the Fibonacci 0.5 level at $4.156 resulted in an intraday high of $4.193 earlier today.

Despite selling pressure pushing it back to its current price of $4,038, the cryptocurrency remains in the green, gaining 1.43% for the day.

This trajectory suggests a possibly longer consolidation above the Fibonacci 0.618 level before Flex Coin begins its potential upward climb.

A quick look at Flex Coin’s moving averages sheds light on the broader trend. With the 20-day EMA at $3,702, the 50-day EMA at $3,117, and the 100-day EMA at $2,509, the hierarchy of these averages indicates a bullish range, indicating a potentially favorable long-term trend.

The Relative Strength Index (RSI) – a momentum oscillator that measures the speed and change of price movements – is at 59.69, up from yesterday’s 56.04.

Since it is below the 70 overbought threshold, there may be room for the cryptocurrency to appreciate before reaching a potentially overbought condition.

In addition, the MACD histogram reads 0.0286, lower than yesterday’s 0.0448. This reduction in positive momentum could be a sign of a near-term pause or pullback, consistent with the potential for a period of consolidation indicated by recent price movements.

In light of these indicators, traders should remain alert to a possible consolidation period, as suggested by both the price action and the decline in the MACD histogram.

The immediate support at the Fib 0.618 level at $3,841 provides a reasonable cushion in the event of a pullback, while the resistance at the Fib 0.5 level at $4,156 represents the immediate challenge for the bulls.

While Flex Coin’s technical indicators point to a long-term bullish trend, short-term fluctuations and potential consolidation require careful consideration.

Investors are advised to take a disciplined approach considering the aforementioned support and resistance levels in their strategy.

One of the best cryptos to buy right now: Evil Pepe Coin’s Rise To Meme Coin Fame

Expectations are high for Evil Pepe Coin, the evil counterpart to the 2023 standout meme coin Pepe.

This sinister newcomer is making a lot of noise with its advance sales, which have already racked up more than $700,000 to date.

Evil Pepe Coin comes to life, courtesy of the same team behind Thug Life Token ($THUG) and SpongeBob ($SPONGE), which gained a lot of attention in the crypto space.

The rising popularity is due to a strategic promotional campaign executed by a skilled marketing team, establishing partnerships with various influencers and established crypto news platforms.

Evil Pepe Coin shows an encouraging tokenomics structure. In total, 90% of the token supply will be allocated for the presale, with the remaining 10% held in DEX liquidity for a month.

This structure is designed to ensure a fair post-launch trading environment on the Ethereum blockchain.

Evil Pepe Coin’s ambitious vision includes partnering with influential meme creators to reach a market cap of $100 million.

The plan even tries to outperform its predecessor, Pepe Coin, which currently has a market cap of more than $500 million. Achieving this feat would result in significant gains for early investors.

Evil Pepe Coin’s potential as the best crypto to buy right now seems promising.

The team’s experience, combined with a targeted marketing strategy and favorable tokenomics, could present a lucrative opportunity for meme coin enthusiasts.

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Apecoin (Ape) Market Cap Drops 3.21%, Trading Volume Up 117.87%

ApeCoin (APE) continues to struggle to maintain a foothold above the 20-day EMA, currently priced at $2,072.

Despite managing to rise above this mark for the first time in 90 days on July 20, APE was repelled at the Fib 0.236 resistance level at $2.183.

This rejection caused a drop, again pushing APE below the 20-day EMA. Today APE stands at $2,022, down 3.44%.

ApeCoin’s performance lags both the 50-day EMA ($2,310) and the 100-day EMA ($2,794), indicating a bearish trend.

These indicators could potentially serve as formidable resistance levels in the near future, putting pressure on APE to maintain upward momentum.

Adding to this bearish outlook is the RSI, which has fallen from yesterday’s 48.55 to today’s 44.13.

This move into oversold territory suggests increasing selling pressure and decreasing bullish interest.

Adding further weight to this pessimistic view is the MACD histogram, which fell from yesterday’s 0.034 to 0.027.

This shift reflects weakening bullish momentum, indicating that sellers are taking control.

An examination of APE’s market cap, which fell 3.21% to $746 million, appears to be in line with the bearish outlook.

However, trading volume in particular has increased by a significant 117.87% to $111 million.

This volume increase accompanied by the price drop implies strong bearish conviction and could indicate further downward movement for APE.

Despite these indications, all is not lost for ApeCoin. Traders should keep an eye on the immediate swing support zone ranging from $1,816 to $1,873.

If APE can successfully stay above this level, it could nullify immediate bearish predictions and potentially give the bulls a fighting chance.

However, to make a final bullish reversal, ApeCoin will need to overcome Fib 0.236 resistance at $2.183.

A sustained break above this point could lead to further buying pressure, potentially pushing APE above its 20-day EMA and possibly changing market sentiment.

While the current scenario leans towards the bears, traders should err on the side of caution and keep a close eye on these key technical indicators and levels.

A quick change in any of these could quickly change ApeCoin’s trajectory in the cryptocurrency market.

Burn Kenny Coin Launches On Uniswap: $500,000 Presale Goal Reached In Less Than 48 Hours

Burn Kenny Coin, the highly anticipated meme cryptocurrency of 2023made an impressive debut.

The $500,000 presale sold out in less than 48 hours and now it’s on sale on Uniswap for a price of $0.000051 at the time of writing.

The initial valuation of Burn Kenny Coin is at a modest market cap of $1.25 million. With a robust marketing plan and rapidly escalating social media hype, the market cap is expected to grow exponentially after launch.

This, coupled with a low initial valuation, presents an attractive opportunity for investors looking for the best crypto to buy now.

Channeling South Park’s long-running joke about Kenny’s many deaths, Burn Kenny Coin implements a unique crypto-burn system with high impact potential.

10% of the total $KENNY token supply burned todayreducing the circulating supply by 666,666,666 tokens.

More burns are scheduled for the next two days, with an additional 10% of stock to be removed each day.

Given Burn Kenny Coin’s unique selling proposition and anticipated demand, speed is of the essence for investors looking to capitalize on this emerging opportunity in the meme coin market.

Visit Burn Kenny now

The chart’s recovery potential (GRT) makes it one of the best cryptos to buy right now

After a 10-day period of consolidation between the Fib 0.5 level at $0.1160 and the Fib 0.382 level at $0.1226, GRT succumbed to the sell-off in the wider cryptocurrency market. It has now broken below the Fib 0.5 level at $0.1160.

Looking deeper into the technical indicators, the 20-day and 50-day EMAs sit at $0.1162 and $0.1161 respectively, slightly above the current price of $0.1119. This further indicates a bearish trend.

The 100-day EMA at $0.1189 is also holding above the current trading price, signaling a potential long-term bearish trend.

Looking at the RSI, the value has fallen from 52.20 to 44.98, indicating growing bearish momentum. This implies that GRT is losing its bullish strength and sellers are taking control.

The MACD histogram confirms this sentiment. It has shown a decline from -0.0004 to -0.0007, indicating an increase in selling pressure.

By observing the volume and market cap indicators, they further substantiate this bearish narrative.

Despite the market cap falling 5.83% to $1 billion, volume is up 124.86% to $46.5 million.

This implies that the selloff is not just a price fluctuation, but is instead supported by significant volume, reinforcing the bearish momentum.

In terms of price levels, GRT is currently facing direct resistance at the Fib 0.5 level at $0.1160, which is a critical hurdle for the bulls. On the downside, immediate support at the Fib 0.618 level is at $0.1095.

As the technical indicators indicate bearish market sentiment, traders should exercise caution and consider risk management strategies.

Long-term investors should keep a close eye on these indicators for any sign of a trend reversal.

Disclaimer: Crypto is a high risk asset class. This article is for informational purposes only and does not constitute investment advice. You can lose all your capital.