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HarryPotterObamaPacMan8Inu, HPOP81 Coin, the ‘enchanting and whimsical’ meme project, has caught the crypto community’s attention with its performance.
The token built on the Ethereum blockchain-inspired by the fusion of several iconic characters is pumping massively while the entire crypto market swims in a blood bath.
This price increase could be attributed to the hype and optimistic speculations surrounding its social media platform.
HarryPotterObamaPacMan8Inu – $XRP #HPOP8I
CA: 0x07E0EDf8ce600FB51d44F51E3348D77D67F298ae pic.twitter.com/gqlWFPBdMs
— HarryPotterObamaPacMan8Inu (@HPOP8I) August 17, 2023
However, while some enthusiasts are happy about its performance, some are curious to know what’s driving this exceptional coin to pump while its counterparts plummet.
HarryPottorObamaPacMan8Inu Grows While Counterparts Sink
HarryPotterObamaPacManInu’s price has risen over 180% over the past 24 hours following a surge in trading volume. As of 6:11 am EST, the coin is trading at $0.60. Since the last seven days, the currency has been in a good uptrend movement, increasing by almost 120%.
HarryPotterObamaPacManInu has shown strong potential lately, and this could be the best opportunity to consider investing.
HarryPotterObamaPacMan8Inu Also Shows Bullish Momentum on Daily Chart
In the current market scenario, HPOP81/USD displays an interesting technical setup, trading above the Moving Average 9 (MA9) indicator. This suggests that the short-term trend is currently bullish.
If the market breaks below the MA9 indicator, it could drop toward the support level at $0.33, where the price may rebound as buyers accumulate more tokens. However, a critical resistance level ($0.66) above the MA9 indicator indicates a potential challenge for the coin’s price movement.
The fact that there is a significant resistance level above the MA9 suggests that there might be a psychological barrier or a cluster of sell orders waiting at that level.
If the coin’s price successfully breaks above the critical resistance level positioned above the MA9, it could signal a bullish solid momentum (FOMO).
While the HPOP81/USD market is growing, traders should be cautious as the Moving Average Convergence Divergence (MACD) indicator is below the signal line. The MACD suggests that the short-term momentum might be bearish or weakening.
Meanwhile, the Relative Strength Index (RSI), currently at 58, indicates that the coin’s price is experiencing moderate momentum without significantly overbought or oversold. It suggests a balance between buying and selling pressures in the market.
Considering the analysis, if the coin’s price breaks above the resistance level while the RSI remains relatively moderate, it might be interpreted as a potential bullish reversal signal.
This could indicate that despite the balanced momentum, buyers are gaining strength and overcoming selling pressure.
What’s Pushing HarryPotterObamaPacMan8Inu Price Higher?
One notable factor that could influence this coin’s price positively is the anticipation surrounding the imminent listing on a prominent crypto trading exchange.
#BitMart will list @HPOP8I on our digital assets platform on Aug 18, 2023 🤩
💰Trading pair: $HPOP8I/USDT
💎Deposit: 08/17/2023 03:00 PM UTC
💎Trading: 08/17/2023 03:00 PM UTCLearn more: https://t.co/tjd92kTyQY pic.twitter.com/73F0rf3XlH
— BitMart (@BitMartExchange) August 17, 2023
As the countdown begins, the coin’s value has surged, driven by increased liquidity and exposure expectations that the exchange listing promises.
This pre-listing pump can be attributed to the “buy the rumor, sell the news” phenomenon, where investors eagerly accumulate the coin in anticipation of the listing, often leading to a price increase.
Looking at previous instances of exchange listings, history demonstrates a recurrent pattern. Coins that have generated substantial hype before their listing often experience a notable price surge in the hours leading up to the event.
This can be fueled by speculative buying (fear of missing out) FOMO and the potential for quick profits.
However, this price surge can be short-lived, as some investors might opt to capitalize on the immediate gains, which could cause a subsequent correction or dip after the listing.
In several cases, once the coin is officially listed on the exchange, its price might experience initial volatility, with upward and downward fluctuations.
Traders and investors could closely monitor the coin’s behavior to capitalize on these short-term movements.
HarryPotterObamaPacMan8Inu Alternative
The sudden surge of Shiba Inu, Baby Doge, Safemoon, Feg, and Pepe Coin surprised everyone in the market. Traders were left unsure, trying to figure out if this was just a quick event or the start of something new.
This is precisely what Launchpad XYZ (LPX) aims to fix. The ecosystem is one of the most awaited crypto projects, aiming to transform how investors trade digital currencies.
Find The Next Coin to Explode On Launchpad XYZ
Even a brief advance notice could turn you into a crypto millionaire in the rapidly changing crypto market in just a day.
The wealth of data offered by Launchpad XYZ simplifies the prediction of market trends, enabling users to profit substantially from nearly every trade.
Additionally, the platform will introduce an AI-driven assistant called ‘Apollo,’ furnishing insights and strategies grounded in data and the wisdom of experienced traders.
Furthermore, there are inherent incentives to hold onto $LPX tokens for an extended period, including decreased fees, privileged access to NFT whitelists, and exclusive admission to crypto presales.
The Launchpad XYZ Telegram community is actively discussing the project’s roadmap, which outlines intentions for a decentralized exchange (DEX) and an NFT directory.
These functionalities are the reason Launchpad XYZ’s native token, LPX, is rapidly progressing in its presale, having amassed over $1.3 million up to this point. Currently, the token is sold at $0.0445.
An additional $200,000 is required to trigger the next stage of price escalation. Investors can get the LPX tokens from the project’s official website and follow the instructions.
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