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The Mister Miggles price skyrocketed over 104% in the last 24 hours to trade at $0.08463 as of 7:30 a.m. EST as investors rush to purchase the meme coin.
Initial Listing – #MIGGLES @MrMigglesOnBase
🔹Pair: MIGGLES/USDT
🔹Deposit: opened
🔹Trading starts: July 19, 12:00 PM (UTC)More details: https://t.co/sQfoP6n4PM pic.twitter.com/RfooShU25J
— Bitget (@bitgetglobal) July 19, 2024
This surge in the MIGGLES price comes after crypto exchange Bitget announced in a July 19 post on X that it will list a USDT trading pair for the meme coin.
The Mister Miggles Price Trades In A Bullish Channel
1-hour chart for MIGGLES/USD (Source: GeckoTerminal)
A positive short-term price channel has formed on the hourly chart for the Mister Miggles price. This is after the meme coin printed a series of higher highs and higher lows over the last few hours.
The Mister Miggles price is now attempting to establish a support level at $0.08090. If the meme coin manages to close the next 3 consecutive hourly candles above this price point, the crypto could have a strong technical foundation to rise from. MIGGLES could subsequently enter into a price discovery phase towards the upside.
Conversely, the Mister Miggles price failing to maintain a position above $0.08090 for the next 3 hours might invalidate the bullish thesis. In this alternative scenario, the meme coin could fall out of the ascending price channel. MIGGLES might then stand the risk of dropping to the immediate support level at $0.05628.
Continued sell pressure if the Mister Miggles price drops to $0.05628 could lead to MIGGLES plunging to as low as $0.03261 in the short term.
The Mister Miggles Price Losing Its Technical Strength
Technical indicators on the hourly chart for the Mister Miggles price warn that the meme coin could undergo a retracement in the next couple of hours. As MIGGLES attempts to form a support at $0.08090, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are showing bearish signs.
The MACD line has collapsed towards the MACD Signal line over the last 4 hours. Traders might identify the narrowing gap between the two lines as an indication that the meme coin’s bullish trend is approaching its end. A cross between the two lines could be confirmation of this.
Meanwhile, the RSI has dropped from 76 to 64, signaling diminishing buying power. Despite this drop, the RSI remains above the 50 benchmark to suggest bulls still have the upper hand against bears. There could still be a major bearish shift in power soon given the fact that the RSI is starting to level off.
As MIGGLES attempts to form a new technical support level, investors are flocking to buy Pepe Unchained (PEPU), one of the most successful presales of the year with more than $4.3 million raised.
Unlocking PEPE’s True Potential
Frog-themed PEPE has managed to climb the meme coin ranks to achieve a market capitalization exceeding $4.7 billion.
Despite this success in the market, the meme coin still faces technical limitations since it’s housed on the congested Ethereum network. This has resulted in high transaction fees and slow speeds for PEPE holders.
Pepe Unchained (PEPU), with its own layer-2 network, aims to unlock the full potential of PEPE. Not only will investors enjoy transaction speeds that are 100 times faster than Ethereum’s, they will also pay much lower network fees.
Renowned YouTuber ClayBro told his 130,000 subscribers that he is bullish on the meme coin in a video entitled “Now Is The Perfect Time To Buy Meme Coins Like Pepe Unchained!”
High Rewards On Offer To Presale Investors
Investors who acquire PEPU tokens during its ongoing presale will gain access to a 434% annual return. To get started earning these rewards, investors must first purchase PEPU via the easy-to-use buy widget embedded on the project’s website.
Another set of chains broken!
An incredible $4M raised so far for Pepe's Layer 2 blockchain. Pepe Unchained is unstoppable! 🐸💪 pic.twitter.com/wSd49PwMeg
— Pepe Unchained (@pepe_unchained) July 17, 2024
Selling for $0.0085277, PEPU can be bought using either ETH, BNB, USDT or bank card. Once purchased, the tokens need to be locked up through the staking page on Pepe Unchained’s website for buyers to become eligible for the 434% APY.
Potential investors might want to act fast, though, because the crypto’s price is scheduled to increase in a little more than a day.
Purchase and stake PEPU here for up to 434% in annual rewards.
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