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The Pangolin price skyrocketed 241% in the past 24 hours to trade at $0.3429 as of 7:40 p.m. EST on trading volume that surge 248% to $69 million.
The Pangolin Price Breaks Above The Consolidation Channel
PNGUSDT Analysis by Tradingview
The Pangolin price has broken above the prolonged consolidation channel between $0.05985 and $0.1660 as the bulls found anchor support to fly the price to $0.4886 resistance. However, sellers were quick to take profit, causing PNG to fall to the $0.2214 level, approaching the upper boundary of the consolidation channel.
Despite facing resistance at $0.4886, the bulls show resilience, reclaiming control near the $0.2214 zone and rallying back in a sustained bullish trend, allowing the price to surpass the $0.2726 resistance.
The price currently trades above the 50-day and 200-day Simple Moving Averages (SMAs), indicating strong bullish momentum. This convergence of moving averages adds weight to the positive trend.
The Relative Strength Index (RSI) is bullish, rebounding from the 50 midline level and currently at 92 in the overbought zone, indicating intense buying pressure for the Pangolin price, supporting the ongoing upward momentum.
The Pangolin Price Prediction
The Pangolian price is poised to continue its bull rally, show the convergence of moving averages and the bullish RSI. The support zone at $0.2214 has also caused the price to rebound, making it easier for the bulls to reclaim the previous high at $.04886, a potential 55% increase from the current price.
However, bears could take advantage of the current resistance level and trigger a further correction below the $0.2214 support zone, causing the bulls to retreat to the $0.1660 support level.
As the Pangolin price attempts to overcome another major resistance level, many analysts and investors are shifting their focus to the new Solana meme coin, Smog. Smog has rocketed into the ranks of the top 20 meme coins in short order and already has a market cap of about $46 million.
New Solana Meme Coin Ranks In Top 20
Since its debut on Jupiter DEX, Smog has drawn increased investor interest as it challenges Solana titans BONK, WIF, and MYRO for supremacy. It’s aim is clear, captured by its slogan, ”One meme coin to rule them all.”
Much of the excitement around Smog comes from its vow to launch an airdrop that will be ”the greatest in history” and surpassing even the $700 million Jupiter airdrop on Solana.
While specific details about the event remain undisclosed, the project’s tokenomics indicate that 35% of the total 1.4 billion token supply has been allocated for airdrop purposes.
Chinese traditional Lantern Festival following Spring Festival marks the conclusion of two-week celebration for Year of the Dragon as social consumption is still operating at high levels and set to further extend the spending fever after the holidays. Experts said nation’s… pic.twitter.com/LxSiIKlags
— Global Times (@globaltimesnews) February 23, 2024
Buy SMOG Now, Qualify For Greatest Airdrop In History
To qualify for this airdrop, investors must buy and hold their tokens in their wallets. Buying on the Smog website also qualifies for a 10% discount.
Additionally, Smog has deployed a unique approach where, instead of simply distributing tokens to holders randomly, participants must earn their share by completing quests outlined in Smog’s Zealy campaign, which will reward XP points.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
These quests range from following Smog’s Twitter account to engaging with specific tweets on platforms like Binance. Currently, the Zealy campaign boasts a community of over 10,000 airdrop participants actively participating in various quests, with over 400,000 completed.
Moreover, investors who are holders of Bonk, Dogwifhat, Myro, and Samoyedcoin memecoins are already receiving the distribution of SMOG tokens via daily airdrops worth $1,500.
Investors can also earn passive income via Smog’s staking protocol, which provides an impressive 42% annual percentage yield (APY).
According to Jacob Bury, a crypto analyst and YouTuber, Smog has the potential to surge 100X on launch.
It’s best to buy Smog on the the official website here because of the 10% discount to market price.
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