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The Lingo price plunged 10% in the last 24 hours to trade at $0.3826 as of 2:18 a.m. EST on trading volume that skyrocketed 196% to $41.3 million.
That’s after the token launched on Dec. 12 and went on to be listed on Kucoin, with trading kicking off at 15:00 UTC.
Lingo Price Could Still Surge
The Lingo/USD 15-minute chart shows a sharp initial price surge followed by a correction, resulting in a consolidation phase.
The price of Lingo is currently trading at $0.3826 within a well-defined ascending triangle pattern characterized by rising support and horizontal resistance around $0.4000, according to data from GeckoTerminal. Ascending triangles are typically bullish continuation patterns, suggesting the potential for a breakout to the upside if resistance is breached.
The 50 Simple Moving Average (SMA) on the 15-minute chart is currently at $0.3576, serving as dynamic support for the price. The price staying above this level further supports the bullish outlook in the short term.
Meanwhile, the Relative Strength Index (RSI) is at 56.67, leaning toward bullish momentum but still in neutral territory. This indicates that the asset has room for further upward movement without being overbought. However, a break above 70 on the RSI would suggest the possibility of increased buying pressure.
The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line (blue) above the signal line (orange) and both in positive territory. This suggests that bullish momentum is building, but the relatively small gap between the lines indicates that momentum is moderate for now.
Lingo Price Prediction
Given the current technical setup, a bullish breakout above $0.4000 appears more likely, supported by the ascending triangle pattern, the position above the 50, and the MACD’s bullish crossover. If the breakout materializes, the price could target levels around $0.5062 or higher, based on the measured move theory, which predicts a move equal to the height of the triangle.
However, if the price fails to break above the $0.4000 resistance, it could retest the support at $0.3576 (50 SMA). A breakdown below this level may invalidate the bullish setup, leading to a potential revisit of the $0.3000 mark.
As the Lingo price bulls look for more buying positions, some investors are turning to presale meme coins like the newly launched Flockerz (FLOCK) for more explosive upside potential and a sky-high annual yield of 439%.
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.
Flockerz Raises Over $6.1 Million In Blockbuster Presale
Flockerz has raised a total of $6.1 million with its ICO as it continues its mission to put power back in the hands of the crypto community.
Armed with the first-ever vote-to-earn (V2E) mechanism, propeller-beanie-wearing feathered friends are taking flight in the crypto stratosphere, driven by eager investors hungry for control over their meme coin holdings.
Even if everything's burning around you.
You're always okay when you're with the flock! pic.twitter.com/dDeu98Flob
— Flockerz (@FlockerzToken) November 19, 2024
The underlying framework of Flockerz is anchored in a decentralized autonomous organization (DAO) called Flocktopia, where every holder’s voice matters.
To participate in the voting process, users must buy FLOCK tokens. When a new suggestion is presented, members of The Flock vote.
Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at the current price of $0.0063754 each using BNB, ETH, or USDT.
Investors can also make a purchase using their bank card. Buy before a price hike in slightly more than 2 days to secure the best deal.
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