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The Gummy price surged 27% in the last 24 hours to trade at $0.17 as of 02:36 a.m. EST on trading volume that rose 11% to $82 million.
This comes as the project gears up for several exchange listings that are set to increase the token’s visibility in the cryptocurrency space.
2 exchange listings signed and sealed.
2 to go. pic.twitter.com/ACzx7ouziI
— GUMMY (@gummyonsolana) April 23, 2024
Gummy Price Set To Soar Over the Bullish Pennant
The Gummy price has been on a dramatic rise, showing a 345% increase from the time of its launch. The markup phase drove the price to the resistance around $0.14 before going down to the $0.10 support. This support allowed GUMMY to soar to an all-time high (ATH) of $0.227.
The price dropped back to the support around $0.14, which has allowed the bulls to push the price over, with an attempt to cross the upper boundary of the bullish pennant pattern.
Additionally, GUMMY is trading above the 50-day Simple Moving Average (SMA), showing that the price is poised for a further price rally above the pennant.
The Relative Strength Index (RSI) is trading above the 50-midline level, currently at 55 as it moves to the north, indicating intense buying pressure. As the bulls sustain the bullish momentum, the RSI could soar to the 70-overbought region, a signal of continued investor optimism to push the price even further.
Moreover, the Average Directional Index (ADX) is on level 38, trading further above level 25, which shows that GUMMY is currently on a very strong bullish trend.
Gummy Price Prediction
Gummy’s bullish momentum is strong as the price rebounds from the lower boundary of the pennant as it heads towards the upper boundary. Additionally, the movement of the main indicators, including the RSI and ADX indicates that investors are getting into the market.
These encouragements could potentially see GUMMY trend through a bullish rally to the next target at $0.277.
However, if the bears exert pressure on the price, GUMMY could go down to support around $0.14, which coincides with the 50-day SMA. The same level acts as a cushion against downward pressure, providing the bulls with stable support to push the price higher.
As the Gummy price surges, investors can also consider diversifying their portfolios by adding Solana-based meme coin Smog as it starts paying holders that qualify for its massive airdrop.
SMOG: The Best 100X Coin To Buy Now?
Solana meme coins have been on a surge as the network continues to rank among the top blockchain for meme coins. The latest player, Smog, has been on an upward trend since its launch, securing its first exchange listing on MEXC on April 3.
We're thrilled to announce that the @SMOGToken Kickstarter has concluded and $SMOG will be listed on #MEXC!
🔹Deposit: Opened
🔹SMOG/USDT Trading in the Innovation Zone: 2024-04-04 09:00 (UTC)Details: https://t.co/3ecyvrTv2n pic.twitter.com/kvgoFiYOib
— MEXC (@MEXC_Official) April 4, 2024
The listing coincided with the conclusion of Season 1 of the airdrop that it vows to be ‘the greatest in history.’
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
During its inaugural airdrop season, Smog issued rewards for more than 11 million quests successfully completed. In Season 1, holders of the $SMOG token who participated in the project’s questboard on Zealy were rewarded.
They earned these rewards by completing daily quests and community tasks, which in turn, granted them XP.
Smog’s Season 1 airdrop distribution began on Friday, April 19 and was completed by mid-afternoon on Saturday, April 20.
Season 2 of the airdrop is currently ongoing and is based on on-chain activity and trading.
Investors also can earn passively by staking $SMOG tokens for an annual percentage yield (APY) of 42%.
Buy or stake your ERC-20 $SMOG #Tokens through our platform. 💰🐉
Staked tokens are securely locked for 90 days, with rewards available for withdrawal at your convenience. 🔒💸
Every token purchased via our service is automatically staked for you. 🔄
— SMOG (@SMOGToken) February 22, 2024
According to 99Bitcoins, a crypto YouTube channel with over 700,000 subscribers, Smog has a crazy upside potential and might be the next meme coin to 100x.
With another top-tier exchange listing likely soon, now might be an opportune moment to grab tokens before they become even more widely available.
The best place to buy Smog tokens is on its official website here, where there is a 10% discount while the offer lasts.
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