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The Bull Token price has pumped by 118% over the last 24 hours and 912% in a week to hold a spot price of $0.000000006736 as of 10:00 a.m. EST.
Bull Token Price Prediction
Looking at 15-minute BULL/USD charts, we can spot a significant uptrend where the price peaked, followed by a downtrend. The red candles indicate a period where sellers are dominating, and the price is declining.
There was a noticeable spike in volume coinciding with the price peak as seen from a 180% increase in trading volume within the last 24 hours, which is often indicative of a climax or blow-off top. This can sometimes signal a reversal when it occurs at the end of a prolonged price increase.
The price has moved from the upper band, suggesting it was overbought, to breaking through the middle band (the moving average), which could be a bearish signal. If the price continues to move down towards the lower band, it could indicate a continued downtrend.
The MACD line (blue) is below the signal line (orange), and the histogram shows increasing bearish momentum as it expands in the negative territory. This suggests that a downtrend could be imminent in the short term.
Bull Token Price Prediction: Can Bull Keep Pumping?
Looking back at the RSI, we see that it has entered the oversold region (below 30), which could indicate that the asset is becoming oversold and may face a potential bullish reversal or pullback if it reaches or crosses below the oversold threshold.
However, despite this, the overall trend appears to be shifting from bullish to bearish, as indicated by the Bollinger Band moving average (Orange line) turning down. This is also supported by the MACD showing increased bearish momentum, and the price moving towards the lower Bollinger Band, rather increasing the chances of a correction.
15-minute BULL/USD chart | Source :TradingView
Meanwhile, as the Bull Token price faces the risk of a correction, Sponge V2, the heir to Sponge ($SPONGE), is capturing the attention of investors and ranks among 2024’s top meme coin picks.
A Promising Alternative
Sponge V2 introduces a plethora of innovative new features, with Play-to-Earn (P2E) gaming as the standout. This ground-breaking feature seamlessly merges thrilling gameplay with active user engagement.
If you missed Sponge’s100x growth last year, fret not. Sponge V2 is poised for listing on numerous international cryptocurrency exchanges presenting you with a second chance.
10 exchanges not enough? 😉#SpongeV2 will be listed on BIGGER AND BETTER exchanges! 🔥
You’re not ready for what’s coming next 👀#SpongeV2 #MemeCoin #Presale pic.twitter.com/LdXRYu65Z8
— $SPONGE (@spongeoneth) January 23, 2024
When SpongeV1 made its debut on major centralized cryptocurrency exchanges like LBank, Toobit, and BitMart, it attracted more than 13,000 investors and eventually reached a market capitalization exceeding $100 million.
Justin Sun’s Big Bet
Renowned Tron developer Justin Sun bought $SPONGE that are now worth about $90,000. He had flagged on X his plans to invest in promising meme coin projects.
I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023
Sponge V2 introduces an impressive stake-to-earn concept, promising an annual return of 253%. The total value of staked and bridged Sponge V2 coins now exceeds $3.9 million.
Highly respected YouTube influencer Conor Kenny, who has more than 178,000 followers, suggests that Sponge V2 might surpass the success of Sponge V1, potentially leading to a 100x return when the project is launched.
Acquiring Sponge V2 tokens is straightforward. You can purchase Sponge using Ethereum or USDT and then connect your wallet to the SpongeV2 website to convert it into V2 tokens. Alternatively, using a credit card is another practical option.
To buy Sponge V2, visit the official website here.
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