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The Harold price skyrocketed 460% in the last 24 hours to trade at $0.002154 as of 3.30 a.m. EST on trading volume that soared 238% to $2 million.
Harold is a brand new meme coin that just went live on Solana on November 19, and it immediately saw a massive surge in both popularity and price, which allowed it to soar to an all-time high (ATH) of $0.008121 on November 23.
Since then, its price sought to stabilize which brought it to its current levels. Initially, it dipped to $0.0002, not too far off from its starting value, but the last 24 hours have brought a massive price boost.
As a meme, Harold became a cultural phenomenon and one of the Internet’s most iconic smiles. Now, a meme coin aimed at commemorating the popular meme is live on Solana, and it intends to make history on the blockchain.
Whether it will manage to do so or not remains to be seen, but it definitely seems like a type of fresh new project that could challenge the cats, dogs, sloths, frogs, and other animal-based meme coins that have dominated the top of the rankings for years.
Harold Price Prediction
The Harold price skyrocketed in the past day, but as of the time of writing it is seeing a correction which started after the token’s price reached $0.0025. The big question now is whether this is a start of a major correction, or if the new meme coin can bounce back up.
The project’s Bollinger bands have seen a major widening over the past several hours, which is a highly bullish signal. The price was pushing the upper band further up, but the lower band also started moving in a different direction, making the gap between the bands even wider.
Right now, the price has separated from the upper band and is moving toward the middle point between the two lines. Whether or not it will stop in the middle, bounce back up, or continue its drop toward the lower band remains to be seen.
Another thing to consider is the project’s Relative Strength Index (RSI) value — a metric that revealed that traders and investors have been rapidly buying over the past several hours. This behavior pushed the RSI value deep into the overbought zone, with its value exceeding 80 before it dropped back down, to 67.32 as of the time of writing.
The RSI behavior suggests that the price will continue to correct, but when combined with the Bollinger bands, which still continue to widen, it suggests that traders are still quite bullish on the asset.
As a result, it is possible that the project could find a strong support at $0.0020 and potentially bounce back up, retesting the resistance at $0.0025, and potentially even soaring to $0.0030. However, if this happens, Harold will continue to trade against the market, which has been bearish over the last 24 hours, pushing Bitcoin’s price to $93k before the coin had the chance to hit the $100,000 mark.
Promising Alternative To Harold
While Harold could theoretically go either way, those unwilling to take the risk could instead turn to a popular new community-oriented meme coin ICO known as Flockerz (FLOCK).
Flockerz is a new meme coin project that captivated the attention of investors thanks to its new Vote-To-Earn (V2E) model. Inspired by Play-To-Earn, which has proven very effective at maintaining high numbers of players, the project invented its own way of incentivizing users and ensuring that they would keep coming back.
The idea is to inspire users to keep participating in the project’s governance by rewarding them with FLOCK tokens each time when they vote and help the project make decisions.
With high levels of community participation, Flockerz will maintain high levels of decentralization. Meanwhile, community members get rewards for participating, which they can then withdraw and use, or stake in order to earn even more from its massive 668% annual staking return.
This type of approach allows you to keep generating funds indefinitely, and ClayBro, a popular YouTuber and crypto expert with over 132k subscribers, sees it as a way of minting millionaires.
If you would like to join investors who have pumped more than $3.36 million into the project, you can buy FLOCK tokens for only $0.0061504 apiece. It’s best to buy before a price hike in a little more than 2 days.
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