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The Limewire price surged 17% in the last 24 hours to trade at $0.411 as of 03:50 a.m. EST on trading volume that skyrocketed 90% to $9.2 million.
This comes as the token secured its second new listing in just one week on Bitvavo, a leading European exchange with over 1.5 million users.
A second new listing in just one week 🚀$LMWR is now available on @bitvavocom, a leading European exchange with more than 1.5 million users and a monthly volume of over €10B 📈
Come and check it out here 👇 https://t.co/g45CkVYBQ0
— LimeWire (@limewire) June 20, 2024
Its surge comes amid a crypto market crash, with the industry’s market cap dropping 3% to a $2.3 trillion. The king of cryptos Bitcoin is down 2% in the last 24 hours, according to Coingecko.
Limewire Price Bound For A Bullish Rally Over The Falling Wedge
The Limewire price was in a tear at the beginning of this year, registering new highs every month, soaring to its all-time high (ATH) of $1.79 in April, according to data from GeckoTerminal.
However, the bears took control at this level, driving the token through a retrace within a falling wedge pattern. The bulls have found support around $0.27, which is now pushing the token towards a bullish stance to target prices above the upper boundary of the wedge.
The bearish trend from the ATH is further supported by the token trading below both the 50-day and 200-day Simple Moving Averages (SMAs).
Moreover, the Relative Strength Index (RSI) is rebounding from the 30-oversold level and trading up, currently at 45, a sign of intense buying pressure. If the bulls sustain this momentum, the RSI could soar to the 70-overbought region, an indication of sustained bullish momentum.
The Moving Average Convergence Divergence (MACD) is also bullish, with the MACD line (blue) crossing above the signal line (orange). The bullish crossover the MACD forms encourages the bulls to add to their positions, which could push the price of Limewire up.
Limewire Price Prediction
The Limewire price analysis on the 1-day chart indicates that LMWR bulls are pushing the token above the upper boundary of the wedge, as they target a new ATH at $2.0.
Both the RSI and MACD offer investors positions to add to their investments, which could further propel the token to a new ATH.
However, in a converse scenario, the bears could still exert more pressure at this level, and the token may further retrace to the next support zone at $0.17. The retrace may be supported by the 50-day crossing below the 200-day SMA, forming a death cross at $0.692.
As the LMWR price soars, investors are also piling into the new meme coin presale Pepe Unchained (PEPU), which has raised over $500K in just a few days.
According to 99Bitcoins, a crypto channel on YouTube, PEPU is one of the best cryptos to buy now, with the potential to soar 100X after its launch.
Pepe Unchained Raises Over $500K In Less Than A Week – Best Meme Coin To Buy Now?
Pepe Unchained is set to follow the success seen by its predecessor, PEPE, which has delivered mind-blowing returns to early investors and continues to rule the charts.
As its name suggests, Pepe Unchained aims to set Pepe free from his old, clunky Layer-1 world. PEPU will run on its own proprietary Ethereum Layer 2 blockchain.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
With this, the project aims to tackle the scalability, speed, and efficiency issues that often plague meme coins built on the Ethereum Layer-1 blockchain.
Token holders can earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 4,837%.
You can buy $PEPU tokens for $0.008032 each. With a price hike coming in less than 35 hours, buy soon to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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