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The sensation around the new viral meme coin HarryPotterObamaSonic10Inu (BITCOIN) continues, and investors have decided to go all-in as they wait for prominent cryptos like Bitcoin (BTC) and Ethereum (ETH) to start trending higher. HarryPotterObamaSonic10Inu is grabbing investors’ attention, which has, in the last 24 hours, rewarded holders with a 30% climb to $0.093.
The HarryPotterObamaSonic10Inu project rides on the hype around memes as an endgame of crypto assets, boasting zero tax. The project has gained a name for incentivizing the creation of “novel and entertainment meme content.”
We're ready to help take @KrakenNFT and @WilliamsRacing to the Next Level!
🦔💨🟥🟨🟦#SprotoGremlins #HarryPotterObamaSonic10Inu https://t.co/g5WtVIskAN— HPOS10I ETH (@RealHPOS10I) October 18, 2023
According to the project’s website, HarryPotterObamaSonic10Inu is the epitome of decentralization, “with ownership renounced and liquidity locked.” It relies solely on the community.
The project claims to have completed a full audit, a non-fungible token (NFT) collection, and is open to exploring partnerships with other projects in the industry.
“Our goal is to create an ecosystem for active community members to meet, collaborate, and share our rich lore (the archive of our token’s storied history) with the world,” the website states.
HarryPotterObamaSonic10Inu Price Gears for a 90% Move-Up
HarryPotterObamaSonic10Inu price action had formed a double-bottom pattern on the daily chart (see below). This pattern denotes a trend reversal and often develops when an asset tries to retest a specific support area twice. A moderate price peak separates the two bottoms, marking the neckline.
HarryPotterObamaSonic10Inu has already bounced off the second bottom and was trading above a crucial supply area ranging from $0.051 to $0.076. The pattern would be completed if the price reached the neckline resistance at $0.18. It may signal a 92% growth completion, as observed in the chart below.
The Moving Average Convergence Divergence (MACD) indicator had sent a call to buy the HarryPotterObamaSonic10Inu crypto in the same timeframe. This also occurred on October 16 when the 12-day Exponential Moving Average (EMA) crossed above the 26-day EMA, adding credence to the bullish narrative. The token’s upward momentum will gain traction once the MACD moves further above the zero line into the positive region.
HarryPotterObamaSonic10Inu’s potential move to $0.18 was further accentuated by the daily transaction volume, which had increased by approximately 130% to $5.36 million, according to data from CoinMarketCap.
Higher volume indicates that traders have much conviction in the uptick and suggested that altcoin’s upward trend could continue, validating the optimistic thesis.
Conversely, a daily candlestick close below the $0.076 level, where the 50-day EMA lies, would create a lower low and invalidate the bullish thesis. In such a case, the HarryPotterObamaSonic10Inu price could crash 44% to retest the double-bottom level at $0.051.
The Best Meme Coin to Buy – Meme Kombat
Those seeking to go long on HarryPotterObamaSonic10Inu must wait for a clear daily candlestick close above the $0.109 range high reached on October 2. Meanwhile, investors can look forward to an even brighter future by buying into Meme Kombat ($MK). This crypto presale innovatively combines the power of memes and the completive thrill of Web3 games.
The platform features multiple ways users can wager bets, ranging from player-vs-player to sophisticated player-vs-computer modes that use traditional betting mechanics to provide realistic and fair betting outcomes.
Initially, Meme Kombat will launch season 1, comprising 11 popular meme characters where users can bet on who they fancy to win in battles. Season 2 will follow shortly after with new characters and gameplay, and future development and game modes are also in the pipeline.
Meme Kombat aims to provide an engaging and transparent way for users to bet and have fun. The platform is powered by the $MK token, with betting, staking, and other platform-related activities carried out using it. As such, providing there is a demand to use the platform, $MK will also fare in high demand.
No BS.
Kombat is only for the most honorable⚔️
Catch the full video from @cryptonews down below⏬ pic.twitter.com/nLtzJm78K5
— Meme Kombat (@Meme_Kombat) October 16, 2023
Users must also stake tokens to bet on the platform. Consequently, much of the project’s circulating supply will likely be locked up in staking contracts, creating advantageous supply and demand dynamics
Investors are acting fast, with more than $160,000 already raised in the presale. Following a few steps, you can buy $MK via the Ethereum blockchain or BNB Smart chain presale.
Visit Meme Kombat here for more details on how to participate in the presale.
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