Recently, the cryptocurrency market has experienced a wave of new coin launches. However, through in-depth analysis, we have found that most new coins are not worth much attention. This article will focus on analyzing three notable coins that carry relatively high potential risks.

First is MITO, which is currently viewed in a polarized manner by the market. Although some investors expect it to break the $0.5 barrier, on-chain data shows that funds are flowing out in large amounts. Given the current market environment, MITO may find it difficult to achieve a significant increase in the short term, and instead, the downside risk is considerable.

Secondly, the technical aspect of DOLO shows a weak trend. The daily chart has formed a bearish candlestick pattern, while on-chain data indicates a significant net outflow per hour, suggesting heavy selling pressure. Considering various factors, DOLO is likely to continue its downward trend in the short term, with no clear rebound signals yet.

Finally, there is PLUME, whose daily chart has shown consecutive days of closing in the red, indicating a lack of strength in the overall rebound. Notably, a clear double top resistance has formed around the $0.1 mark. At the same time, on-chain data shows that there have been several large sell-offs recently, which further increases the downward pressure on PLUME.

Overall, in the current complex and ever-changing encryption currency market, investors need to remain highly vigilant and be cautious with these newly launched coins. It is recommended that investors conduct a comprehensive analysis of market data and objectively assess risks before making any investment decisions to avoid unnecessary losses. At the same time, continuously monitoring market dynamics and professional analyses is also key to seizing investment opportunities.