Join Our Telegram channel to stay up to date on breaking news coverage
The Spectral price surged 39% in the last 24 hours to trade at $14.29 as of 2 a.m. EST on trading volume that soared 472% to $79.32 million.
The SPEC price soared after Spectral posted a series of tweets on X talking about its Onchain Agent Economy. The project noted that meme coins have already shown what is possible when culture meets capital, but if the meme coins were able to think, trade, and evolve, their potential would become practically limitless.
This is why Spectral announced the launch of the Onchain Agent Economy Phase 1, where agents can trade with leverage on the Hyperliquid blockchain.
Memecoins proved what’s possible when culture meets capital. But what if memes weren’t static? What if they thought, traded, evolved?
The Onchain Agent Economy Phase 1 is live: Agents trading w/ leverage on @HyperliquidX
The future isn’t static—it’s sentient. It’s here🧵👇 pic.twitter.com/VMKznbJVrO
— Spectral (@Spectral_Labs) November 28, 2024
Now, the goal is to have the first wave of sentient memes trade on Hyperliquid and combine seamless perpetuals trading with leverage, AI-powered analysis of price data and sentiment, and seamless wallet integration for autonomous execution.
6/ Hyperliquid x Sentient Memes
The first wave of sentient memes will trade on @HyperliquidX, combining:
Seamless perpetuals trading with leverage.
AI-powered analysis of price data and sentiment.
Seamless wallet integration for autonomous execution.Welcome to the future of…
— Spectral (@Spectral_Labs) November 28, 2024
Spectral Price Prediction
The Spectral price has skyrocketed following the series of tweets talking about sentient memes and their potential, but it seemingly encountered a strong barrier at $14. While it managed to climb beyond this level twice, the barrier has still not broken and turned into a support, which needs to happen in order for the SPEC price to continue its surge.
The project’s Bollinger bands are still quite wide, although they are showing signs of narrowing, which could indicate that the project has reached its limit and that it could see a correction in the hours to come.
On the positive side, its price has mostly been pushing the upper band further up, with an occasional dip to the middle point between the two bands, which was typically followed by a recovery and continued surge.
And, it is also worth noting that the price encountered strong resistances once, with $13 being one of them, but this level was eventually overcome, so there is no guarantee that SPEC has reached its limit just yet.
The project’s Relative Strength Index (RSI) value, however, encourages the assumption that SPEC may have reached a barrier that it cannot overcome for the time being. Over the past 24 hours, the project’s RSI has ventured deep into the overbought zone three times, reaching the value of roughly 85.
Typically, traders start selling as soon as the value comes to 70, so the fact that SPEC’s RSI managed to skyrocket this high suggests that the project had some massive buying waves yesterday.
Now, however, the RSI is back under 70, fluctuating between this level and 60, suggesting that it may have lost its momentum and that traders are no longer as optimistic as they were on November 28.
Of course, this could be a result of another bearish wave that is striking the wider market, with even Bitcoin trading in the red right now, as its price struggles to reach $96k. The coin briefly exceeded this level yesterday only to see a rejection, which SPEC could mirror at the level of $14 unless its own traders find the optimism to trade against the market.
Promising Alternative To Spectral
While Spectral has big plans for the future of memes, it is not the only available opportunity worth considering right now, as Best Wallet (BEST) shows after raising $1.5 million in its presale.
Best Wallet is a highly popular Bitcoin and crypto wallet that is multi-chain, non-custodial, and multi-wallet. It supports over 60 different blockchains and all the cryptos running on them; it doesn’t let anyone other than you access your account and funds, and it lets you connect all your other wallets and manage them from one place.
🔥 Join the $BEST Token Presale! 🔥
Stack your $BEST today and lock in the lowest price before it’s gone. Available now on our official website and Best Wallet app.
Every moment counts – don't miss out! 🚀
Download now! 📲 https://t.co/AALEwrMCmn pic.twitter.com/975cKh0jLr
— Best Wallet (@BestWalletHQ) November 25, 2024
This, combined with other features that include portfolio management, buying, selling, swapping, and more, made it extremely popular among crypto users. It is available for both Android and iOS, and best of all, it just started the presale of its token, BEST.
Even experts such as ClayBro, a crypto YouTuber with over 132k subscribers, are saying that Best Wallet has the potential to become the top crypto wallet in 2025.
The token is selling for only $0.02285 right now. With a price hike coming in a little more than 1 day, buy soon to get the best deal.
Related Articles:
- 10+ Best Coins to Buy on Uniswap in 2024
- Best ERC-20 Tokens to Buy in 2024
- Best Wallet Raises $300K In 2 Days Of Public Presale
Best Wallet - Manage Your Crypto
- Access DeFi and Web3 Dapps Across Multiple Chains
- Comes With Your Own OpenAI Powered Chat Bot Assistant
- Get Early Access to Upcoming Token Launches & ICOs
- Integrated Decentralized Exchange To Buy & Trade Crypto
- Store Crypto And NFTs With Industry Leading Security
Join Our Telegram channel to stay up to date on breaking news coverage
