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The Ponzio The Cat price has surged 45% in the last 24 hours to trade at $1,131 as of 3:30 a.m. EST on an 80% pump in trading volume to $4 million.
PONZIO has skyrocketed 380% in the past week, boosting its market capitalization to $1.5 million. The token swiftly attracted the attention of investors and traders since its launch in June and quickly established connections with major crypto platforms like CoinMarketCap, DEXTools, and CoinGecko.
Ponzio The Cat Price Blasts Out Of Consolidation Zone
The Ponzio The Cat price has been trading within a consolidation range for a while and has found solid support at $695.20, which has helped the bulls push the price up within an ascending channel.
PONZIOUSD Analysis (Source: Dextools.io)
Despite a recent dip in bearish activity, bullish investors are gearing up to push Ponzio The Cat’s price beyond the $1,130 mark. Additionally, the price is currently trading above both the 50 and 200 Simple Moving Averages (SMAs), reinforcing its upward momentum and overall bullish market sentiment.
Ponzio The Cat Price Indicators Signal Bullish Trend Continuation
The Moving Average Convergence Divergence (MACD) line is also positioned above the neutral line, with a green histogram indicating increased investor interest. This setup points to a strong bullish trend, with the MACD indicators showing positive momentum.
The Relative Strength Index (RSI) has bounced back from the midpoint of 50 to 90 in the overbought level of 70, indicating strong buying pressure for the Ponzio The Cat price.
With this ongoing increase, the Ponzio The Cat price might continue to rise above its current level of $1,130, potentially reaching a new high in the coming weeks.
However, sellers might increase pressure if the price falls due to the overbought RSI. In such a case, the $914 support zone will be crucial to watch to determine if the price stabilizes or drops further.
Promising Alternative To PONZIO
While Ponzi The Cat has already made waves with its incredible rise, the meme-inspired project Shiba Shootout ($SHIBASHOOT) is quickly gaining traction and has analysts saying it may be the next breakout meme coin star
Shiba Shootout is quickly emerging as a standout in the meme coin space, offering a Wild West-themed adventure that goes beyond the typical crypto project.
Inspired by Shiba Inu, Shiba Shootout combines creativity, strategy, and play-to-earn (P2E) gaming in its fictional town of Shiba Gulch, where players can earn $SHIBASHOOT tokens by winning cowboy duels.
Marshall Shiba is the fastest draw in the Wild West, but he loves staking his tokens even more! With a huge APR on the horizon, he's all in for the long haul. 🌵💰 🌵 #CryptoCowboy #Staking #DeFi #P2e #Shibashootout #Trending pic.twitter.com/YDRriMRaYb
— shibashootout (@shibashootout) August 11, 2024
It also offers a staking program with a generous 1,033% APY, which is available as soon as you invest.
Shiba Shootout has already caught the eye of crypto experts, such as the crypto YouTuber Jacob Bury, who has over 41k subscribers. In a recent video, the expert predicted that $SHIBASHOOT might soar 10X after launch and potentially become the next Shiba Inu.
The $SHIBASHOOT token is selling for $0.0198, and can be bought using the simple buy widget embedded on the official website. But do not wait too long, as a price hike is coming in less than 24 hours. The meme coin’s price is also scheduled to increase in the subsequent stages of its ICO.
Buy SHIBASHOOT tokens with ETH, USDT, BNB, or credit/debit cards.
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