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The American Coin price has skyrocketed 134% in the last 24 hours to trade at $0.000009330 as of 3:20 a.m. EST on trading volume that hit $307 million.
American Coin Price Prediction: Strong Buying Momentum
The USA/USD pair shows a parabolic rise on a 30-minute timeframe, followed by a sharp correction and consolidation near a critical support zone. Initially, the price experienced a surge, climbing from around $0.00000050 to a peak near $0.00000300.
This fast upward movement followed a steep parabolic curve, indicating strong buying momentum, likely driven by speculation or heightened demand.
However, after reaching its peak, the price entered a correction phase as profit-taking set in, leading to a sharp pullback. Currently, the price is trading at $0.0000009330, down 14.23% for the day.
It has retraced from its high and is now holding near the support zone between $0.00000085 and $0.00000090. This level almost aligns with a prior consolidation phase that occurred before the parabolic rise.
USAUSD Analysis Source: Dextools.io
The 50-period moving average (MA), currently at $0.000001184, acts as dynamic resistance, and a break above this level would signal a potential bullish recovery. Indicators like the MACD and RSI are presenting mixed signals. The MACD histogram remains negative, reflecting bearish momentum, but the shrinking bars suggest that selling pressure is waning.
Meanwhile, the Relative Strength Index (RSI) is at 45.14, close to the neutral level but leaning toward oversold territory, indicating a possible rebound if buying pressure resumes near the support zone.
The consolidation phase at the current level is critical for determining the next major price movement, with indicators suggesting the bearish momentum may be weakening.
The price is at a pivotal juncture. If it holds the support zone around $0.00000085-$0.00000090, a rebound toward the 50-MA at $0.000001184 or higher resistance levels near $0.00000150 is plausible.
On the other hand, a breakdown below this support could lead to a deeper retracement, with the next major support likely near $0.00000050, where the previous rally began.
Solana Layer 2 Presale Solaxy Closes On $12 Million – Best Crypto To Buy Now?
As the American Coin pumps, investors are also flocking into Solaxy (SOLX), a new Solana-based meme coin and the first-ever layer-2 solution on the Solana network that has raised over $11.9 million in presale funding
This project comes at a time when the Solana blockchain is struggling with severe congestion, which is leading to transaction delays and failures. The issue has been exacerbated by the recent surge in the value and trading volume of $TRUMP coin, the officiial meme coin launched by incoming President Donald Trump.
To tackle these challenges, Solaxy introduces a layer-2 solution designed to enhance Solana’s performance without modifying its main structure. This approach reduces the computational load on the main chain, resulting in improved speed and scalability.
Solaxy will support both $ETH and $SOL with its robust scalability, describing themselves as the "world's first solana L2" this one looks quite bullish!
With $SOLX you're getting into a new Layer-2 which has an exciting #memecoin flare to it 🚀
DYOR – https://t.co/UuZScpnmos pic.twitter.com/hzXiY5CDv8
— Jacob Crypto Bury (@BuryCrypto) January 2, 2025
Additionally, Solaxy integrates support for both $ETH and $SOL, making it a versatile option for cross-chain activity. Branding itself as the “world’s first Solana L2,” Solaxy offers a blend of technological innovation and meme coin appeal, which has already generated excitement in the market.
Apart from solving scalability issues, Solaxy is bridging the gap between Solana and Ethereum. Combining Ethereum’s security and liquidity with Solana’s speed and efficiency creates a powerful decentralized finance (DeFi) application ecosystem. This integration could unlock new opportunities for users and developers alike.
Investors can also stake their SOLX tokens for a huge 306% annual return.
A prominent crypto analyst from the 99Bitcoins YouTube channel has even predicted that Solaxy could achieve a 100x pump after its official launch.
Currently, SOLX tokens are available at a presale price of $0.001606, with purchases supported via BNB, ETH, USDT, or bank cards.
With the presale price set to rise in just over a day, interested investors should buy soon to lock in the best deal.
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