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Kendu Inu Price Prediction: KENDU Surges 10% To Hit $200M Market Cap As This New AI Meme Coin Rallies Past $5.3 Million

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

KENDU
KENDU

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The Kendu Inu price is up 10% in the past 24 hours to trade for $0.0001984 as of 02:15 a.m. EST on trading volume that plunged 10%.

With this surge, the KENDU token was able to hit the $200 million threshold on market capitalization metrics.

According to Bitcoin investor Lark Davis, a trader turned a $6,758 investment in KENDU into $4 million in just four months. Per the post, this trader bought 20.94 billion KENDU from February 24 to March 1. With the surge to date, and given the trader is yet to cash in, they sit on 600X in unrealized profit.

Kendu Inu Price Prediction

The Kendu Inu price soared 1,472% since May 19 to record an intra-day high of $0.0003106 on June 10. However, amid ongoing profit booking, the token has since wiped out all the ground covered on Monday.

Sitting on support due to the most critical Fibonacci retracement level of 61.8% at $0.0001996, the odds still favor the upside, but it depends on how the bulls play their hand.

To begin with, the Relative Strength Index (RSI) position above 50 is a bullish outlook for the Kendu Inu price. The position of the Moving Average Convergence Divergence (MACD) above the orange band of the signal line also accentuates the bullish thesis.

If the 61.8% Fibonacci retracement level holds as a support floor, the Kendu Inu price could bounce. A stable close above the 78.6% Fibonacci retracement level of $0.0002484 would encourage more buyers, potentially sending the altcoin to reclaim its peak at $0.0003106.

In a highly bullish case, the gains could extrapolate for the altcoin to record a new peak above the aforementioned threshold.

Kendu Inu

GeckoTerminal: KENDU/USD 1-day chart

Conversely, a look at the RSI shows that it is about to execute a sell signal. This is based on Welles Wilder’s interpretation of an overbought asset. Per his analysis, an asset is considered ripe for selling when the RSI crosses below 70.

If this happens, the bears could pull the trigger. This could see the Kendu Inu price extend the fall. Nevertheless, only a candlestick close below the $0.0000200 psychological level would invalidate the current bullish outlook. This is because it would have produced a lower low.

Meanwhile, experts are calling investor attention to WAI, a dog-themed meme coin rival whose ICO has blasted past the $4 million mark.

Renowned blockchain researcher and YouTuber The Crypto Mark says this project is a good buy and encourages investors to enter while it is still affordable in the ICO stage.

Promising Alternative To Kendu Inu

WAI is the native cryptocurrency for the WienerAI ecosystem, a lovable, hilarious, and undeniably unique creation. It has captured the imagination of meme enthusiasts worldwide.

The project is committed to becoming the best and most powerful AI companion ever. Nothing will be able to put it on a leash.

WAI offers a trading bot that relies on predictive technology, combined with its user-friendly AI interface, to allow holders to instantly scour the crypto market for those hidden gems.

Ask WienerAI to find your next trade and it delivers the market analysis to help you win more often. Then seamlessly swap, MEV-free, through decentralized exchanges.

Buy WAI In The Presale

WienerAI’s presale has already amassed $5.39 million in funds, pointing to the project’s widespread appeal and the confidence investors have in its potential.

WAI token holders can also stake their holdings for an Annual Percentage Yields (APY) of 208%. Over 4.984 billion WAI tokens have already been staked.

The token is currently selling for $0.000717, but this price will only last for just over a day before an increase.

Visit and buy WAI tokens here.

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