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The Crow With Knife price surged more than 15% in the last 24 hours to trade at $0.00000004765 as of 3:36 a.m. EST as investors go long on the meme coin.
With the recent gain, the CAW price has extended its positive weekly performance to over 22%.
Crow With Knife Price Attempting A Challenge At Technical Resistance
4-hour chart for CAW/USD (Source: GeckoTerminal)
The Crow With Knife price is trying to break above the resistance level at $0.00000004752. It was able to surge above this technical barrier earlier today, but has since undergone a strong correction to trade at its current price. Should the meme coin break back above this mark within the next 12 hours, it could have the necessary foundation to keep climbing in the short term.
In this bullish scenario, traders might try to push the Crow With Knife price to the next major level at $0.00000005083. Continued pressure from buyers should the crypto reach this point could then lead to a rise to as high as $0.00000005364.
On the other hand, a rejection from the $0.00000004752 resistance in the next 12 hours might mark the end of CAW’s climb. Traders will likely start to realize their profits in this alternative case, which could result in a test of the $0.00000004507 support. Losing this technical crutch might then expose the Crow With Knife price to the risk of falling to $0.00000004138.
Bulls Are Easing Their Pressure On The Crow With Knife Price
From a technical standpoint, it seems bulls are starting to exit the meme coin’s charts. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators on the 4-hour chart warn the Crow With Knife price could undergo a correction soon.
RSI readings underwent a steep pullback in the last few hours, signaling a massive drop in buyer strength. Although the current RSI reading above 50 suggests buyers still have an upper hand, the neutral slope of the indicator could be an early warning sign that bears will soon take back the advantage and start to exert pressure on the Crow With Knife price.
Meanwhile, the MACD line has started to collapse toward the MACD Signal line. This narrowing gap between the two MACD lines combined with their current alignment is usually interpreted as a sign that a crypto’s bullish momentum is cooling off. The MACD line crossing below the MACD Signal line could be a confirmation that CAW has entered a new bearish trend.
As bulls exit CAW’s charts, investors and traders might turn to a new Solana layer-2 meme coin by the name of Solaxy (SOLX), which has already raised over $1.8 million in presale funding in just 4 days.
This strong ICO performance comes amid bullish predictions by crypto experts, including an analyst from the 99Bitcoins YouTube channel. In a recent video to the channel’s over 718K subscribers, the analyst named SOLX as one of the top 3 meme coins to buy for the 2025 bull run.
Unlocking Solana’s Full Potential
Solana has gained a lot of popularity in the meme coin space due to its speed and low transaction fees. Additionally, the Solana-based token creation engine Pump.fun has birthed the lion’s share of all of the new meme coins that have entered the market in 2024.
But Solana has become a victim of its own success, leading to high congestion and expensive fees.
Solaxy, positioned as the first layer-2 network linked to Solana, will alleviate the blockchain from the computational stress created by the recent meme coin hype. Solaxy is not just another Solana project, it is its own standalone project that aims to unlock Solana’s full potential.
The timing of the project could not be better, with many experts predicting that a meme coin supercycle will kick off in 2025 after Donald Trump takes the White House in January. With this hyped-up market event approaching and Solana being the preferred network to launch new meme coins, Solana will need all the help it can get.
Multi-Chain SOLX Combines The Best Of Solana And Ethereum
In addition to the scalability Solaxy will bring to the Solana network, its native SOLX token also resides on multiple chains. In addition to the Solaxy network, SOLX can also be transacted with on Ethereum and Solana.
This multi-chain approach positions Solaxy to serve as the gateway that connects Ethereum’s thriving DeFi ecosystem with Solana’s dominance of the meme coin market.
Anyone that wants to buy SOLX can do so using the simply buy widget embedded on the project’s website. Selling for $0.001566, SOLX can be bought with either ETH, USDT, BNB or bank card.
Interested investors should buy before a price hike that’s due in less than 2 days.
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