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The Minu price plunged 27% in the last 24 hours to trade at $0.0000008437 as of 06:14 a.m. EST on trading volume that dropped 18% to $2.7 million.
This comes as the MINU team is in talks with a major centralized exchange to expand the token’s trading options, which could potentially increase its exposure and liquidity. Minu is the first mining dog coin on the Binance Smart Chain.
$MINU is on the Top 10 Trending and Most Visited tokens of CoinMarketCap!https://t.co/8dA5L9n7SXhttps://t.co/sjdpb8Tavt
👉Our Team is currently in communication with one of the biggest Centralized Exchanges in order to expand the trading of $MINU into a bigger market!… pic.twitter.com/mHU1kflUnF
— Minu (@minu_coin) February 23, 2024
Additionally, the team is continuing its marketing efforts and has plans for further integration. Their goal is to see MINU rank among the top 500 cryptocurrencies. Can such moves propel the price to compete with other dog coins like SHIB and DOGE?
Minu Price Set For A Rebound Over The Falling Wedge
The Minu price has been trading on an upward trajectory from a week ago, as the bulls showed resilience. This allowed the bulls to drive the price out of a consolidation phase around $0.00000045. However, the bulls faced some rejection at $0.0000015, allowing the bears to have some control, with the price retracing within a falling wedge.
MINU is currently trading below the 50-day Simple Moving Average (SMA), which is in line with the current downtrend. However, the price is trading above the 200-day SMA, which indicates that the downtrend may not be sustained for long.
The Relative Strength Index (RSI) is currently on a downward trend, moving towards oversold levels. This indicates that there is intense selling pressure.
The Moving Average Convergence Divergence is currently under the zero line, which coincides with the plunge of the MINU price. However, the price is bound for a reversal, as evident by the movement of the red bars approaching the neutral level.
Minu Price Prediction
The short-term price analysis of Minu indicates a looming bullish reversal, highlighted by the development of a falling wedge pattern. Bulls are looking to seize this opportunity to drive the price upward. Their immediate target is to break through the resistance level at $0.0000010, setting their sights on the subsequent resistance at $0.0000015.
However, if the bears exert more pressure, they could drive the price further down to the critical support zone at $0.000005410, coinciding with the 200-day SMA.
As the Minu price bulls look for more entry points for a reversal, investors are busy buying and staking Sponge V2 tokens as analysts say it’s emerging as a potential competitive threat to the likes of meme coin titans DOGE, SHIB, and BONK
Buy Sponge V2 With 100X Potential Returns
Sponge V2 is gearing up for listing on more major exchanges, as it aims to be an improvement on its outstanding predecessor, Sponge V1. If you missed the 100X surge seen by Sponge investors last year, now is your opportunity with Sponge V2.
WARNING: Having a lack of $SPONGE can lead to extreme #FOMO 😎#SpongeV2 #Crypto #MemeCoin #Altcoins #Web3 #AltSeason pic.twitter.com/nvfxVZVC0E
— $SPONGE (@spongeoneth) February 18, 2024
The team discontinued Sponge V1 earlier this month, making it possible to transition over 13,000 holders to the more secure and cost-efficient V2 on the Polygon network.
📣 Attention, #SPONGERS!
Here is some important information to remember about $SPONGE V2!$SPONGE V1 has officially been discontinued, and V2 has been launched on #Polygon! 🔥
Learn more about the token details below 👇https://t.co/TCdxgXx40w
🧵1/3 pic.twitter.com/YZzXOlKmHY
— $SPONGE (@spongeoneth) February 6, 2024
The transition has been a success, as the price of $SPONGE V2 has already reached $0.001120, which is a 4,480% increase on the V1 launch price of $0.000025.
Stake $SPONGE V2, 893% Annual Rewards
After a seamless transition to the Polygon Network, you can now buy and stake your Sponge V2 tokens, earning an impressive 893% annual percentage yield (APY). Moreover, the team is planning on the launch of a play-to-earn (P2E) game, Sponge Racer, which will earn token rewards.
Don't forget about the upcoming #SpongeV2 Play-to-Earn game! 👀
Stay tuned for updates. 🧽$SPONGE #Crypto #Altcoins #100x #Web3 #AltSeason #Binance pic.twitter.com/Z51MSmKqVF
— $SPONGE (@spongeoneth) February 21, 2024
According to Jacob Bury, a prominent YouTuber, Sponge V2 is likely poised to surge 100X on launch again, just like its predecessor.
To join the presale, 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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