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HarryPotterObamaSonic10Inu (BITCOIN) is outperforming the broader crypto market today with a 17% gain in 24 hours.
BITCOIN’s trading volume of $1.54 million over the past day, according to DexTools.io, also points to increased interest from traders.
BITCOIN’s uptrend comes amid a slight recovery across the broader cryptocurrency market. BTC’s rally to a monthly high past $27K has seen most altcoins posting gains, and meme coins, including BITCOIN, benefit from the shifting investor sentiment.
BITCOIN’s double-digit gains have outperformed most meme coins in the crypto market. The recent rally will likely be sustained if traders swoop in to leverage the current rally.
Will BITCOIN Rally to New ATH?
In the last 24 hours, BITCOIN has traded between $0.0576 and $0.0676, indicating mild volatility. Following the recent uptrend, the seven-day gains now stand at 26%.
BITCOIN last traded at an all-time high on August 20 after rallying to $0.196. It is down by 65% from these record highs.
Bulls currently appear ready to push the price past $0.070. The coin is presently testing a resistance level of $0.068.
BITCOIN attempted to break past $0.070 on September 18 and made a false breakout before retreating. If it makes such an uptrend again, the price will reach $0.086.
A new ATH will be coming if a breakout past $0.1 happens. If the current market support holds and buyer support continues to trickle in for BITCOIN, an uptrend past $0.1 is likely in the short term.
Buyers Accumulate BITCOIN
BITCOIN has a Relative Strength Index of 68, pointing towards increasing buying support. However, the RSI is yet to reach the overbought levels, giving the meme coin more room for gains.
The RSI line has a sharp movement north, indicating an influx of buyers to the market, further proving the bullish thesis.
The Moving Average Convergence Divergence (MACD) also points towards a bullish momentum, with its MACD histograms turning green.
With the indicators turning green and pointing towards a bullish momentum, traders must be ready for another price swing, with $0.070 being a critical short-term level to watch out for.
Wall Street Memes Presale Ends in Six Days, Over $25M Raised
The Wall Street Memes presale now has just six days left before closing. Investors now have a limited time to buy WSM at only $0.0337 before the token explodes after listing on Tier-1 exchanges.
The Wall Street Memes presale started towards the end of May and has now secured over 25 million.
Given the amount raised in around four months, the presale easily ranks as one of the largest and best-performing presales this year.
The Wall Street Memes project has separated itself from most meme coin projects as it was not created solely as a crypto project. The project was initially released in 2019 from the famous Wall Street Bets subreddit.
The community has since grown to more than one million. Its vast social media presence gives it the potential for significant growth in the future.
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