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The Apu Apustaja price has surged 26% in the last 24 hours to trade at $0.0009701 as of 7:07 a.m. EST on a 2% surge in trading volume to $7.3 million.
The pump helped APU become the 14th biggest meme coin with a market capitalization of $310 million.
Apu Apustaja Price Flies Above The Falling Wedge Pattern
The APU price indicates a short consolidation around $0.0009865. It also indicates a downtrend from its peak at $0.001207 as the struggle between the bulls and the bears to control price leads to the falling wedge pattern that signals a bullish trend reversal.
APUUSDT Analysis. Source: Tradingview.com
The price is currently above the 50 and 200 simple moving averages, showing positive momentum.
Additionally, the Relative Strength Index (RSI) has rebounded from the oversold level of 30, passed the midline of 50, and reached 74, indicating strong buying pressure for APU.
The MACD indicator also supports this bullish trend, with green bars and a recent crossover above the signal line, boosting confidence in a price increase.
Apu Apustaja Price Bulls Poised For A Bull Rally Above The Falling Wedge Pattern
The APU price looks to be poised for a significant bull rally, with a falling wedge pattern boosting bullish momentum and pushing the price towards the previous high at $0.001207.
However, if the bears regain control, the price could fall to $0.0008552, coinciding with the 200 SMA. Continued downward pressure may cause a further drop to the wedge’s upper trendline at $0.0007930.
Is SpongeV2 The Next 100X Meme Coin?
With the risk of a drop in the APU price, some traders are turning their focus to SpongeV2, which is offering the last chance to buy before its launch on top-tier exchanges.
With upgraded features, SpongeV2 offers even better opportunities for investors than SpongeV1, which skyrocketed 100X in a bear market. At its peak, SpongeV1 reached a market cap of $100 million.
There's a new king in town 👑 🧽 #SpongeV2 #100x #MemeCoin pic.twitter.com/68Y1nNwTO3
— $SPONGE (@spongeoneth) May 17, 2024
Investors can earn passive income with SpongeV2 through a staking mechanism that boasts an annual yield (APY) of 162% on Ethereum and 335% on the Polygon network.
SpongeV2 is also preparing to launch a racing game in which players can earn rewards in SPONGEV2. In the paid version of the game, SPONGE will be the in-game currency.
Don't forget, #SPONGERS! 🧽💦#SpongeV2 is bringing exciting utility through our upcoming #P2E game! 🔥
Get ready to earn $SPONGE tokens by playing the game and ranking on the leaderboard.
Stay tuned for more info! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
Analyst and crypto YouTuber Claybro, with over 127k subscribers, says SpongeV2 could surge 100X upon launch.
If you are interested, now is the ideal moment to buy and stake your $SPONGE as the launch may take place at any time.
Buy SpongeV2 tokens on the official website here using ETH, MATIC, USDT, or a bank card.
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