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The Snek price has risen by 29% in the last 24 hours to trade at $0.0011 as of 6:12 a.m. EST with trading volume jumping 11% to $2.6 million.
The self-proclaimed “Chillest Meme Coin” on Cardano, Snek’s surged 161% in the last week.
The Snek Price: Bulls Break Out Of The Consolidation Stage
The SNEK price has established a strong consolidation period starting in June 2023, while the bulls gathered force to drive the price up from the $0.000141 support, propelling the price past the upper boundary of the consolidation range to $0.00135.
Despite a brief correction to the $0.000783 support, bulls quickly regained control, resulting in a sharp upward spike. The price is also trading above the 50-day simple moving average (SMA), further confirming the bullish sentiment for SNEK.
The Relative Strength Index (RSI) is on an upward trajectory, moving from the midline level of 50 to 91. This recovery in the RSI, reaching its current trading level, suggests a significant influx of buying pressure.
The Snek Price: Bulls Sustain The Bullish Momentum
The Snek price maintains a robustly bullish stance, supported by the 50-day SMAs and the RSI, indicating a consistent interest in buying. This sets the stage for potential upward movement, with buyers eyeing new highs in 2023.
Despite this positive outlook, there is a possibility that bears could capitalize on the correction phase at $0.00135, potentially impacting existing profits.
In such a situation, the crucial support zone at $0.000576 could act as a protective buffer for the bulls, allowing them to mount a comeback and sustaining the overall bullish momentum.
Meanwhile, if you missed SNEK, you may consider the Meme Kombat token, which is making waves in its presale.
Potential Pepe Coin Killer? Meme Kombat Nears $3 Million In Presale
As the price of Pepe Coin enters a period of stagnation, the new Play-to-Earn (P2E) project Meme Kombat (MK) is swiftly emerging as a potential rival to Pepe Coin.
Meme Kombat has already made significant strides in the meme coin arena, successfully raising over $2.8 million and rapidly nearing its $3 million goal.
Just sliding past $2.8 million💪
Good start to the week! pic.twitter.com/1OJfgQzWxr
— Meme Kombat (@Meme_Kombat) December 11, 2023
In contrast to Pepe Coin, which has no real-world utility, Meme Kombat innovatively unifies GameFi with meme characters, offering AI-generated battles. This unique feature allows players to wager on their preferred meme characters, with the potential for substantial rewards if their chosen characters win.
With the eagerly anticipated launch of season 1 following the platform’s debut later this year, an increasing number of investors are showing interest, anticipating considerable returns.
Your $MK is worth more!
Yes. You read that correctly. You can buy $MK now for $0.235🤩 pic.twitter.com/DAKBpbMqUB
— Meme Kombat (@Meme_Kombat) December 7, 2023
Meme Kombat’s presale offers investors an opportunity to purchase MK tokens at a reduced rate of $0.235 each.
This early investment opportunity positions buyers advantageously for future presale price increases, as the current rate will rise progressively until the platform’s official launch.
Stake and Earn High APY, Next Pepe Coin?
Investors also have the opportunity to boost their earnings by staking their acquired MK tokens. Buying and staking MK tokens now offers an impressive 265% annual percentage yield (APY).
📣 Major Update 📣
The Meme Kombat Staking Dashboard is officially live and ready to be used by you!
Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G
— Meme Kombat (@Meme_Kombat) November 9, 2023
Jacob Bury, an expert crypto analyst and YouTuber, recently reviewed the Meme Kombat project. He believes that MK could mirror the success of Pepe Coin, anticipating a 10X increase in value upon its launch.
To buy MK tokens, visit the official Meme Kombat website. There, you can connect your Web 3 wallet and easily exchange your ETH, USDT, or BNB for MK tokens.
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