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The Giko Cat price skyrocketed 151% in the last 24 hours to trade at $5.49 as of 00:32 a.m. EST on trading volume that soared 444% to $17.6 million.
Giko Cat is a meme coin designed to honor and preserve the legacy of Giko Cat, a beloved character from Japanese internet culture.
Giko Cat Could Still Be On A Sustained Rally
According to data from GeckoTerminal, the Giko Cat price was in a consolidation zone in September, trading within the $0.58 zone. However, the $0.96 support has allowed the bulls to push the price up through a markup phase, forming a parabolic curve.
GIKO now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which now act as the immediate support levels at $1.1643 and $0.5105, respectively. The price of Giko Cat trading above the SMAs confirms the continued upward pressure by the bulls.
The Relative Strength Index (RSI) is also above the 70-overbought region, currently at 84, which signals an overbought condition.
Furthermore, the Moving Average Convergence Divergence (MACD) is moving above the neutral line, affirming the sustained bullish stance. The green bars forming above the zero line on the histogram is also a confirmation of positive momentum.
Giko Cat Price Prediction
According to the Giko Cat price analysis on the 4-hour chart, GIKO is currently on a sustained bullish stance, which could continue in the coming days. If this trend continues, the price of Giko Cat could keep soaring even higher, as the bulls target $8.
However, the RSI seems to be going through a correction, which may be due to the asset now being overvalued. This may be a selling signal for investors. In such a scenario, the price of Giko Cat could plunge even further down to the $2.0 support zone.
Meanwhile, investors might want to consider the new meme token Flockerz (FLOCK), which offers a stratospheric 7,520% Annual Percentage Yield (APY).
New Presale Flockerz Races Past $332K
Offering a fresh and unique concept with its vote-to-earn (VTE) platform, Flockerz is a newly launched meme coin that has already raised over $332K in its presale.
The flock is flying high! We’ve officially crossed $300K! pic.twitter.com/MsLc5PeoyX
— Flockerz (@FlockerzToken) September 28, 2024
At the core of Flockerz lies Flocktopia, a revolutionary DAO. Every holder has a voice here and earns rewards through a groundbreaking Vote-To-Earn mechanism.
FlockTopia introduces a new era of decentralization, where a select few don’t control critical decisions about the future of a token but emerge organically from the community. This decentralized hub empowers every token holder to have a direct say in the project’s direction.
The innovative VTE system rewards participants for their engagement, allowing holders to earn $FLOCK tokens simply by casting votes on the project’s future direction.
Apart from VTE rewards, users can also earn passively through the platform’s staking mechanism, with a sky-high annual yield of 7,520%. So far, investors have already staked over 23 million $FLOCK tokens.
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch.
To join the presale, you can buy $FLOCK on the official website here for $0.0056559 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.
Buy before a price hike in a little more than an hour to secure the best deal.
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