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The Memecoin price surged by 11% in the last 24 hours to trade for $0.03036 as of 2:00 a.m. EST on trading volume that skyrocketed by 100% to $146.6 million.
Since reaching this height, the resistance rejected the token at $0.029, dropping it to the resistance-turned-support at $0.025.
With this crucial support formed earlier this week, bulls were empowered to drive the price up.
MEME is now the seventh-largest meme coin in terms of market cap behind Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), Pepe (PEPE), Dogwifhat (WIF), and Floki (FLOKI).
Memecoin Price Prognosis
Memecoin’s price is currently seeing an intense conflict between the bulls and the bears, which started earlier today. However, the question is: Where will the token’s price end up once the waves of volatility pass?
Bollinger bands have reached their widest point in the past week and give a strong bullish signal, which suggests that the token may yet surge further.
The token’s Relative Strength Index (RSI) is currently at 58.70. Before his level, it was near 80 — strongly delving into the overbought territory, followed by a robust and rapid correction toward a more neutral figure.
However, it would appear that the RSI score has reached its bottom and is starting to rise again, indicating that traders have moved in to buy the dip and that the price is likely to see a new bullish wave in the coming hours.
The current situation makes MEME an excellent opportunity for day traders who could use the constant price changes to make smaller gains multiple times per day.
Promising Alternatives to Memecoin
While Memecoin has attracted buyers over the last several days, there is an alternative to this token that could be even more profitable for early investors.
The alternative in question is Meme Kombat (MK) — a cryptocurrency still holding a presale at the time of writing and one showing great potential for the future.
Meme Kombat is a project that has created an innovative new platform for gamers and gaming enthusiasts. It offers the ability to bet on meme battles that are organized regularly but also the ability to engage in a more passive approach — MK staking.
That way, users who do not wish to seek the thrill of active betting can still earn some rewards while eliminating a significant portion of the risk.
The project has already attracted a lot of buyers, so much so that its presale has just blasted through more than $7 million raised.
We've achieved an incredible milestone with $7 million raised in the $MK presale! 🎉
Congratulations, everyone! Now, let's rally together to reach $8 million and bring us even closer to our goal! 🚀🤩 pic.twitter.com/mh0yb8A0Pk
— Meme Kombat (@Meme_Kombat) January 18, 2024
MK tokens are priced at $0.279 each you just exchange your ETH or USDT. Given the amount of interest, the token has huge potential to explode on launch.
Visit and buy MK here.
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