Categories
Solana Memecoins
$RIZZ is the next coin to Moon [Technical Analysis - PLEASE READ]

$RIZZ is a great candidate to become the next huge Memecoin. It has the appeal of $DOGE and $PEPE to become a more well known coin, for example. Who has wouldn’t want Rizz? Considering all of the other memecoins with the word “rizz” in them, you think the exposure would be quite high.

Reason 1 Aside from the Memes, Rizz actually is showing a beautiful chart. This pattern is known as a Bull Flag, you can see it had a spike and unlike other pump-n-dumps, it did not hit $0. Instead, it kept up the momentum and now is hitting the floor of being sold at a higher and higher price. This kind of chart pattern kind of tells me, that people are beginning to hold onto the coin longer and don’t see it reasonable to sell anymore at that price. If you look at bitcoin before the recent blow up, you will see a similar pattern formed.

Reason 2 Multiple trading platforms. Unlike Solana only coins, Rizz is actually on a few exchanges, giving users more ability to swap and obtain it. Meaning, with a tiny bit of momentum, it can move extremely quick because so many people have access to purchase.

Reason 3 Low market cap. The market cap is currently sitting at around 600 thousand. This is amazing, this is the kind of coin you want to be a first comer to. Finding a nice coin with a low market cap seems to be as difficult as finding a unicorn nowadays. Think about it, if you invest $10 in a coin with 20million market cap, your $10 investment becomes $500 if the coin hits a billion dollar market cap. On a coin with 600k market cap, your $10 investment becomes ~16k if the coin hits a 1 billion dollar market cap.

For these reasons, and the gaining momentum, I do personally believe Rizz has the opportunity to have a significant run soon. I want to hear others thoughts, does anyone agree?

This is all not finance advice in the slightest, just my technical analysis on Rizz coin.

submitted by /u/ProduceNo
[link] [comments]

<h2>Join The <a href="https://t.me/smashbotcommunity" target="_blank" rel="noopener">SmashBotAI Telegram Community</a> Now! Get trade alerts, smashable token trade ideas, and more!</h2>

<h2><a href="https://t.me/smashbotcommunity" target="_blank" rel="noopener">https://t.me/smashbotcommunity</a></h2>

<h2>Start Trading Now:</h2>

<h2><a href="https://t.me/smashbot_airdrop_bot" target="_blank" rel="noopener">SmashBotAI Telegram Bot</a></h2>

<h2><a href="https://t.me/smashbot_airdrop_bot" target="_blank" rel="noopener">Claim Your $SMASH Airdrop Now!</a></h2>

Leave a Reply

Your email address will not be published. Required fields are marked *

Join The SmashBotAI Telegram Community Now! Get trade alerts, smashable token trade ideas, and more! https://t.me/smashbotcommunity

Start Trading Now:
SmashBotAI Telegram Bot

Claim Your $SMASH Airdrop Now!

Categories