Join Our Telegram channel to stay up to date on breaking news coverage
The Trog price has skyrocketed 66% in the last 24 hours to trade at $0.00004424 as of 8:40 p.m. EST on a 260% pump in trading volume to $2.3 million.
Trog Price Retraces Along A Parabolic Curve Line
The 4-hour chart of shows a price action marked by a parabolic rally that appears to be losing momentum. The current price sits at $0.00004424, down -8.58%, after being rejected from a key resistance level at around $0.000044. This level acted as a ceiling for the recent rally, which followed a steep parabolic curve.
Such moves often indicate explosive growth but are unsustainable over time, leading to corrections. Below the current price lies a major support zone between $0.000018 and $0.000020, which acted as the foundation for the recent surge. If a deeper correction occurs, this area will be crucial for maintaining the overall bullish structure.
TROGUSD Analysis Source: Dextools.io
The 50-period moving average (SMA), currently at $0.00002635, has been reliable dynamic support during pullbacks, and the 200-period SMA, at $0.00002442, offers longer-term stability. A golden cross occurred earlier, with the 50 SMA crossing above the 200 SMA, a strong bullish signal that contributed to the rally.
However, the steep parabolic move is now faltering, and in the event of a deeper correction, the price could retrace and test the 50 SMA or even the 200 SMA.
Trog Price Indicators Shows Signs Of Weakening Momentum
The MACD and RSI suggest weakening momentum. The MACD line remains above the signal line, indicating lingering bullish strength, but the shrinking histogram signals a loss of momentum.
Similarly, the RSI is at 62.86, reflecting bullish conditions but showing signs of cooling off from overbought levels.
The market remains cautiously bullish, with key levels dictating the next move. If the price holds above the 50 SMA and regains strength, it could retest the resistance at $0.000044 and possibly aim higher toward $0.000050.
However, a failure to sustain the current levels and a drop below the 200 SMA and major support zone would signal a bearish reversal, with targets likely near $0.000018 or lower. For now, traders should watch for further confirmation of either a continued uptrend or a deeper pullback.
Meme Index Presale Races Past $2.2 Million – Next Crypto To Explode?
The bullish momentum propelling the Trog price is mirrored in the ongoing success of the Meme Index (MEMEX) presale, a project introducing the world’s first decentralized meme coin indexes. MEMEX has already surpassed $2.2 million in early fundraising.
Given how easy the project makes it for investors to position themselves ahead of the next meme coin supercycle, it’s easy to see why investors are rapidly accumulating the token at this early stage.
There is also a huge 1,026% annual staking yield on offer, which might be one factor behind the buying frenzy.
According to popular YouTuber ClayBro, who has 135K subscribers, MEMEX could soar 26X after launch.
MEMEX introduces a unique way to invest in meme coins through four diversified portfolios: Meme Titan, Meme Moonshot, Meme Midcap, and Meme Frenzy. Each category caters to a different risk level, giving investors the flexibility to choose based on their preferences.
For those who enjoy high-risk, high-reward opportunities, the Meme Frenzy category focuses on new and unpredictable meme coins. While risky, it offers the potential for significant gains, appealing to bold and adventurous investors.
Conversely, the Meme Titan Index focuses on well-established meme coins with the largest market capitalizations. The baskets are responsive to market trends and curated through community votes.
🚨 Meme Index is live in Upcoming Tokens! 🚨@memecoin_index presents the first-ever diversified meme coin platform, powered by $MEMEX, giving unparalleled access to the $120 billion meme coin market.
Meme Index offers exclusive access to indexes that cater to every risk… pic.twitter.com/GsiBBuZOzX
— Best Wallet (@BestWalletHQ) December 27, 2024
MEMEX Token Price Set To Increase In Less Than 2 Hours
Although these investments come with high risks, they also promise the chance for substantial returns, making them attractive to those who thrive in volatile markets.
To invest in the meme coin portfolios, investors must first acquire MEMEX tokens using either ETH, USDT, BNB or a bank card through the simple widget on the project’s website.
MEMEX tokens are currently available at a price of $0.0151636.
Buy before a price hike in less than 2 hours to secure the best deal.
Visit the official MEMEX website.
Related Articles
- Dogecoin Sentiment Nears Lowest In A Year
- Next Cryptocurrency to Explode, 10 January
- PEPU Pumps 23% Even As Meme Coins Drop
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
