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The Echelon Prime price is up 14% in the last 24 hours to trade for $8.938 as of 5:30 a.m. EST time, with a 102% rise in trading volume.
With these two metrics rising, interest in the token is growing. As it stands, the odds continue to favor the upside, with the Relative Strength Index (RSI) moving upward to show rising momentum. The crossover above the signal line (yellow band) is a buy signal.
The call to buy PRIME could become even stronger if the one the Moving Average Convergence Divergence (MACD) indicator is about to call executes. This will be seen once the MACD crosses above its own signal line (orange band). Traders heeding these calls could enhance the uptrend for Echelon Prime price, potentially sending PRIME market value to confront the $10.499 resistance level.
Further north, the altcoin could flip the aforementioned barricade into a support level, before collecting the sell-side liquidity that remains uncollected above this level. In a highly bullish case, the gains could see Echelon Prime price extend the climb to reclaim the range high of $11.826. Such a move would constitute a 105 climb above current levels.
TradingView: PRIME/USDT 1-day chart
On the other hand, if traders that were rekt during the crash that ended on January 14 seize the opportunity to book profits after breaking even, Echelon Prime price could descend. The slump could see the altcoin’s market value dwindle, losing all the ground covered since January 15. A break and close below the midline of the demand zone at $7.857 would confirm the continuation of the downtrend.
Meanwhile, there is a significant level of attention towards meme coins, with Sponge V2 taking the stage among analysts’ top picks for sector tokens with the potential for exponential gains. YouTube analyst Crypto Bury also anticipates 10X gains for the token.
Promising Alternative To Echelon Prime
Sponge V2 is a force in the meme coin sector, giving investors who missed the 100x returns delivered by Sponge V1 a chance for a do-over, with the potential for remarkable gains. Its predecessor, Sponge V1, thrived in May 2023, reaching a market capitalization of $100 million.
Analysts say Sponge V2 has the potential to outperform the initial version, and possibly even rival Pepe and SNEK.
The 2023 success came after Sponge V1 recorded multiple milestones, including but not limited to listings on major exchanges, increases in the number of holders, and garnering upwards of 30,000 social media followers in just a few days. Now, Sponge V2 looks to build from this base.
After the 100X surge of V1, #SpongeV2 is poised for even greater heights! 🌟
Stake now for 40% + APY! 🚀#AltSeason #MemeCoin #Approved pic.twitter.com/G6w49dODEc
— $SPONGE (@spongeoneth) January 17, 2024
With Sponge V1’s success, the Sponge team introduced the next 100x opportunity through Sponge V2.
It is a Play-to-Earn racing game, with several major listings on the horizon for Sponge V2.
🎮🌟 Get set to explore the unique #PlayToEarn game in #SpongeV2!
Play, enjoy, and earn $SPONGE! 🧽
Visit our website to get involved before it's too late. 🤯⏰ #P2E #Bullish #MemeCoin #Web3 pic.twitter.com/bI8DLlgfA9
— $SPONGE (@spongeoneth) January 16, 2024
Investors looking to buy Sponge V2 should do so now before it gets listed, with some of the biggest crypto exchanges globally already in line. It is worth it to note that there are two options available.
The first option is to buy and stake Sponge V1 through the project’s official website. Option two is for investors to stake their already-owned Sponge V1 tokens. Once the project goes live, investors who staked Sponge V1 will receive their V2 tokens.
In addition to the potential to achieve 100x returns with Sponge V2, the project also includes a staking program with an attractive Annual Percentage Yield (APY) of 311%.
With almost $4.3 million Sponge already staked and bridged, time is running out for investors before its launch.
Visit the website to buy Sponge V2 token in the presale here.
Also Read:
- 100X Meme Coin Sponge Prepares For Second Takeoff With Launch of V2 – Is $SPONGEV2 The Best Crypto to Buy Now?
- How To Buy Sponge Crypto Token – V1 And V2 Upgrade
- SPONGE Staking Soars To Five Billion Tokens Locked As Markets Brace For Explosive Launch Of SPONGEV2
- Alessandro De Crypto Reviews Sponge V2 Presale – Could This Be the Next 1000x Coin?
- 10 Best Altcoins to Buy For High Returns in 2024 – Next 10X Cryptocurrencies
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- Layer 2 Meme Coin Ecosystem
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- Staking Rewards - pepeunchained.com
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