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The price of HarryPotterObamaSonic10Inu eth/”>leap more than 25% in the last 24 hours to trade at $0.1002 at 8:35 am EST as investors rush to catch the meme coin's peak.
HarryPotterObamaSonic10Inu price may continue to rise
Daily chart for bitcoin/USDT (Source: TradingView)
An ascending triangle has emerged on bitcoin's daily chart after the meme coin printed a series of higher lows in recent days. The basis of this pattern is the main resistance level of $0.100555.
HarryPotterObamaSonic10Inu price was able to break through this threshold earlier in today's trading session. However, it has since returned to trading below the significant price level.
The triangle chart pattern that has formed on the daily chart of the cryptocurrency is a bullish pattern. If he HarryPotterObamaSonic10Inu If the price closes a daily candle above $0.100555 in the next 2 days, it may continue to rise in the coming days.
In this bullish scenario, the altcoin may try to convert the $0.144435 resistance level into support. Continued buying pressure above this mark could push the value of the meme coin up to $0.188245 in the near term.
However, the bullish thesis may be invalidated if the HarryPotterObamaSonic10Inu the price fails to close a daily candle above $0.100555 in the next 48 hours. In this alternative scenario, the cryptocurrency may be at risk of correcting towards the immediate support level of $0.068180 over the course of the next few days.
Technical data hints at positive near-term movement
Technical indicators support a bullish outlook. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are faltering in favor of a continued price increase.
The MACD line separates above the MACD signal line, while the slope of the MACD histogram is also positive. These technical signals are generally interpreted as signs that a cryptocurrency's positive trend will continue.
In addition to this, the bulls also have an advantage over the bears. This is evident from the fact that the RSI line is positioned above its simple moving average (SMA) line. The materialization of the technical indicators presented by the MACD and the RSI could lead to the HarryPotterObamaSonic10Inu the price will soon rise to $0.144435.
As the price of HarryPotterObamaSonic10Inu shows signs of continuing its rally in the coming days, investors are also flocking to Sponge V2.
A meme coin with a history 100 times longer
Sponge V2 is the successor to Sponge, whose price saw a 100-fold increase in 2023. The project has already sparked significant interest, with the total amount of funds staked and bridged exceeding $1.6 million.
The meme coin is intended to offer investors who missed the 100X opportunity presented by Sponge V1 a second chance to generate substantial returns.
Taking a dip with the most important announcements
Did you get lost 100 times in 2023? $SPONGE BACK with V2 – bigger, better and ready to wick away moisture!
Hurry up and bet now to join the journey!
Visit our website for more information! #SpongeV2 #web3 crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto #alternatives pic.twitter.com/bD4oZTpElW
— $SPONGE (@spongeoneth) January 2, 2024
Sponge V2 is about to eclipse Sponge V1 and could very likely gain much greater exposure through listings on major exchange platforms. This will undoubtedly increase the liquidity and visibility of the meme coin for investors.
To get their hands on Sponge V2, investors can buy and stake Sponge V1 on the project's official site. website. Investors who own Sponge V1 will only need to stake their tokens to earn the next version of the altcoin.
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