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The Bull Token price has soared 133% in the last 24 hours to trade at $0.000000006985 as of 12:50 a.m. EST on trading volume that surged 134% to $4.4 million.
Bull Token Price Trades An Ascending Triangle, Signals A Bull Rally
The Bull token price indicates a distinct upward trend forming the ascending triangle, signaling a continuation of the bullish trend.
The price is trading above the 21 simple moving average (SMA). However, to confirm the bullish outlook, the bulls must overcome the 50 SMA, which could lead to a breach above the upper boundary of the ascending triangle. Besides, a moving average cross at $0.000000006215 affirms the short-term bull rally.
The Relative Strength Index (RSI) has entered the oversold region of 30, indicating that the asset is becoming oversold and may face a potential bullish reversal or pullback.
The MACD is generally bullish despite the blue MACD line being under the orange signal line, and the histogram is growing more extensive in the negative zone.
This hints that a short-term downtrend might happen soon.
Bull Token Price Prediction
The presence of the ascending triangle signals a continuation of the bullish trend that may encourage the bulls to drive the price up, targeting the $0.00000001206 mark.
However, the bears may capitalize on the MACD, which indicates a bearish trend in the short term, to drive the price down, causing a decline to the $0.000000004214 support zone.
Meanwhile, as traders await a bull rally confirmation, Sponge V2 is capturing the attention of investors after its predecessor, Sponge, exploded by 100X on launch.
Sponge V2 Launch, A Second Opportunity For 100X Returns
Did you miss Sponge V1’s 100x surge last year? Sponge V2 presents you with a second chance as the token is set to be launched soon on major exchanges, and promises to repeat the 100X feat.
Sponge V2 aims to replicate Sponge V1’s success. it accumulated 13,000 holders as it got listed on more than ten major exchanges, including LBank, Toobit, and BitMart. Its market capitalization hit $100 million, attracting major personalities like Justin Sun, who, in May 2023, showed his interest in trading meme coins and presale projects that show potential.
I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023
Later, Sun bought Sponge tokens that are now worth more than $90,000, fueling buyer sentiment for Sponge V2, which has seen over 6 billion Sponge already staked.
Buy Sponge Now, Participate in the P2E “Sponge Racer” Game, Earn Lucrative Rewards
Sponge V2 introduces new features, with play-to-earn (P2E) gaming as the standout for attracting new investors and players. A game called “Sponge Racer” will feature both a free and paid version.
Powered by Sponge V2 tokens, the game is seamlessly integrated into the captivating Bikini Bottom. Players have the opportunity to collect Sponge tokens while embarking on thrilling underwater adventures, enabling them to explore iconic locations and unlock rewarding incentives.
🎮🌟 Get set to explore the unique #PlayToEarn game in #SpongeV2!
Play, enjoy, and earn $SPONGE! 🧽
Visit our website to get involved before it's too late. 🤯⏰ #P2E #Bullish #MemeCoin #Web3 pic.twitter.com/bI8DLlgfA9
— $SPONGE (@spongeoneth) January 16, 2024
You can buy and stake $SPONGE or your original Sponge V1 tokens to earn $SPONGEV2, offering attractive annual rates up to 251%. The more Sponge V1 tokens you stake, the more Sponge V2 tokens you get. Currently, investors have staked over 6 billion Sponge tokens.
Conor Kenny, a YouTuber and crypto analyst with over 178k subscribers, says Sponge V2 could do even better than Sponge V1. He believes there’s a chance for a 100x return when the new project launches.
To join, visit the official Sponge V2 website and link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.
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