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The Smog price pumped more than 50% over the past 24 hours to trade at $0.1746 as of 8:15 a.m. EST as investors scramble to buy into the dragon-themed meme coin.
The Smog Price Smashes Through Two Resistance Levels 
4-hour chart for SMOG/USD (Source: TradingView)
The Smog price was able to break above both the $0.1227 and the $0.1597 resistance levels over the past 24 hours. It was then able to briefly overcome the $0.1877 threshold, but traders were quick to realize their profits.
Despite the slight pull back, SMOG may still have the foundation needed to enter into another leg up in the coming 48 hours as it was able to flip the $0.1597 resistance level into support. If bulls decide to give the Smog price another boost, it could rise above the current resistance at $0.1877 to potentially reach a new all-time high in the short term.
This bullish thesis may be invalidated if the Smog price closes a 4-hour candle below the immediate support at $0.1597 through the course of the next 24 hours. In this alternative scenario, the meme coin could be exposed to the risk of falling to the subsequent support at the recently-breached $0.1227 mark.
The Smog Price May Enter Another Leg Up Soon
Technical indicators on SMOG’s 4-hour chart suggest the altcoin’s price may keep rising in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bullish.
The MACD line is breaking away above the MACD Signal line, while the gradient of the MACD Histogram is positive. Not only does this suggest that the Smog price is in a bullish phase, it may also signal that the positive trend shows no signs of slowing down.
The RSI is also above 50, which shows that the Smog price has a lot of bullish strength. Although this may also signal that SMOG is overbought, potentially leading to a correction, in scenarios where a crypto price is pumping it is not unusual for the RSI to remain so high.
The Smog price seems to be getting ready for another strong move to the upside, and that’s exactly the way things look for Scotty the AI’s presale as it surges towards the $3 million mark.
The Next Meme Coin Sensation To Enter The Crypto Space
Scotty the AI is unlike any other meme coin that has come before it, as it is powered by cutting-edge AI models.
Its intelligent computer models are used to sniff out any potential security threats included in smart contracts’ source code. Through its in-depth analysis, Scotty the AI is even able to uncover software bugs that veteran software engineers would miss.
The crypto market has come alive as institutional investors join the mix following the launch of spot Bitcoin ETFs (exchange-traded funds) in January.
This influx of capital has ignited a sense of euphoria within the crypto community, and especially among enthusiastic meme coin investors known for their ability to drive cryptos’ prices through the roof.
The AI crypto sector is also starting to boom following the launch of ChatGPT. With both of these sectors taking off, it may only be a matter of time before the price of Scotty the AI’s native token, SCOTTY, skyrockets.
Investors Are Rushing To Get A Hold Of Scotty
SCOTTY’s presale has just surpassed the $2.8 million milestone, and is racing towards its $3 million target as investors accumulate the first ever AI-powered meme coin.
💥Presale Update!💥
ScottyTheAi #1 #memecoin (w/Ai utility) of 2024$SCOTTY has raised $2.7M
Well on our way to closing out presale and heading for that $100M marketcap.
Congratulation to all the early #Scottydogs in presale 👏
Buy Now: https://t.co/zRmy4g8hfW#BITCOIN… pic.twitter.com/xvWHXVMY2v
— Scotty The Ai (@ScottyThe_Ai) March 6, 2024
Anyone looking to buy into the crypto at this early stage can do so on the project’s official website. It is selling for $0.00755 and can be bought using either ETH, USDT or bank card.
Investors can also use BNB and MATIC, but such purchases are not eligible for the whopping 63% annual rewards being offered through the project’s presale staking program.
SCOTTY can be purchased here.
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