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The Water price has plunged 19% over the last 24 hours to trade at $0.00067026 as of 6:25 p.m. EST.
Despite the slump, some industry experts still believe that recent endorsements for $WATER by soccer stars Lionel Messi and Ronaldinho will cause the project to pump again sooner or later.
The price of $WATER is consolidating and
With Messi and Ronaldinho on board it's only a matter of time before this explode for real @WaterMemeCoin
Gucci coin pic.twitter.com/bZhtugXeqo— mocho17™®© (@cryptomocho) July 11, 2024
Water Price Prediction: How is The Token Looking Today?
Analysing Water price charts, the 4-hour $WATER/USD chart shows a recent price of 0.0006353. The price movement indicates a period of consolidation following a sharp decline. The Bollinger Bands are relatively broad, suggesting high volatility. The Water price trades near the lower band, indicating potential oversold conditions and a possible reversal or stabilization.
The Awesome Oscillator (AO) shows a negative value of -0.0001137, indicating bearish momentum. The histogram is predominantly red, confirming the downward trend in recent periods.
On the other hand, the Average Directional Index (ADX) value is 20.65, suggesting a weak trend. Since the value is below 25, the current trend (bearish) is not very strong, and there might be a potential for a trend reversal or continuation of sideways movement.
The volume (SMA 9) is 1.221M, showing moderate trading activity. There are no significant volume spikes, which aligns with the consolidation phase observed. The Awesome Oscillator indicates a continuing bearish trend.
The ADX suggests that the bearish trend is weak and might not be sustained. If the Water price nears the lower Bollinger Band, oversold conditions may hint at a possible reversal or stabilization. Traders should watch for potential reversal signals or a breakout from the current consolidation range to confirm the next direction of the trend.
4-hour WATER/USD Chart | Source: GeckoTerminal
Meanwhile, as the Water price drops, the imminent launch of WienerAI (WAI) has traders scrambling to purchase the cryptocurrency.
A Perfect Alternative?
WAI is a canine-themed meme coin that mines two of the hottest niches in crypto: meme coins and AI. That’s a key reason behind its success, which has seen its presale funding surge to $7.3 million.
Another key reason is its plan to launch an AI trading bot to assist token holders in identifying the best crypto investments. Although the concept of a trading assistant driven by AI may initially sound daunting, WAI simplifies it for users regardless of expertise level.
WAI provides thorough market analysis designed to increase your chances of success when you ask for your next trade suggestion.
That feeling when you got into the WienerAI presale on time … pic.twitter.com/uBIcQevxud
— WienerAI (@WienerDogAI) July 11, 2024
This tool also significantly improves on conventional on-chain trading, which often has problems like long wait times, MEV attacks, and transaction failures.
WienerAI also offers an attractive staking opportunity with annual returns currently pegged at 153%.
According to 99Bitcoins, a well-known YouTube channel with over 705k subscribers, $WAI could 100x after launch.
You can purchase WAI tokens with ETH, USDT, BNB, or a bank card for $0.00073. The project’s presale is coming to a close in less than 18 days, so this is now your final opportunity to buy one of the hottest presales of the year.
Visit the official website to buy WAI tokens here.
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