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Unibot (UNIBOT) price shot up by 6% yesterday, encouraging many to buy the token, which previously experienced a 37% drop in the past seven days.
While many expected a lengthy recovery and perhaps a start of a bull run, the token’s price turned around, dropping by slightly over 6%, effectively nullifying the growth.
Given that the token is only a few months old, it doesn’t have a lengthy price history that could provide historical data helpful in predicting its future performance. It is worth noting that the UNIBOT token has seen intense volatility lately, especially around August 16.
This was the day when UNIBOT skyrocketed to its all-time high after surging almost constantly throughout the first half of the month.
On August 1, its price was $98, but by August 11, the token managed to climb to $198.
It struggled with the resistance at $200, which pushed it back to $166 by August 14.
Around that time, the token holders expected it to dump hard before reaching for the moon again, precisely what happened.
After suffering this loss, the token shot up, reaching its all-time high on August 16, hitting the price of $233. However, over the following eight days, the price crashed by $110, leaving it at $123, where it sits at the time of writing.
Along the way, the token encountered multiple supports that attempted to stop its crash, but none were strong enough.
UNIBOT finally managed to find its bottom at $120, and over the last two days, it has been trying to go back up. Unfortunately, a resistance at $140 has been standing in its way, acting as a significant resistance.
Unibot Captures the Attention of the Crypto Market
Unibot emerged amongst Telegram bot tokens to offer a much more user-friendly interface and sophisticated algorithms.
It empowered traders to navigate the market’s complexities with enhanced agility and precision. Since its launch, it saw a 400% increase in value, and its integration with Telegram further resonated with traders seeking efficiency and convenience.
Some claim that the project will dominate DeFi thanks to its focus on user engagement, a strong team, and the underlying thesis. The token has already attracted the attention of some whales, which focused on acquiring both UNIBOT and Bitcoin, mostly ignoring the rest of the market.
Even so, the token is struggling in the current market. However, seeing if Unibot can shatter its past limits and reach new milestones will be interesting once the bearish grip loosens.
Introducing Sonik: A New Hit Among Meme Coins
The meme coin sector of the crypto industry recently saw the rise of a new meme coin called Sonik (SONIK). As the name suggests, the project was inspired by Sonic The Hedgehog, although it pointed out that it has no connection to the actual game/brand or Sega. It uses the meme version of Sonic for inspiration, and the meme coin fans love it.
The project has already raised over $411k, and its presale will last another 12 days. The token’s value is $0.000014; you can buy it with ETH and USDT.
The project is half its total supply in the presale, while 40% will go into staking and the remaining 10% into liquidity.
With staking already being a part of its roadmap, the token already offers more than most meme coins in such an early stage of their existence.
For now, the presale is advancing rapidly, and it will be interesting to see if the supply will be sold out before the 12-day period runs out.
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