X Price Prediction: Amid the Market Unrest, Could This Token Soar While Cowabunga Steals the Limelight?

Updated: 02 August 2023

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X is struggling with bearish pressure and has shed most of its gains in the last seven days. A close look at its price outlook will likely reveal what to expect in the coming days.

X Price Plummeting

X price at 5:53 am EST is $0.00020340. Its price has declined more than 20% in the past 24 hours, and its trading volume is down by 24% within the same timeframe. Despite the decline, its 7-day price gain is 9.25%, and its 30-day gain is 454.8%.

X/USD Price Chart

X is in a downtrend on the 15-min chart following a sharp decline in its price. The Parabolic SAR indicator has crossed above the red candles, signaling a downtrend for the token. It implies that more traders are in short positions today.

Also, the candlesticks are descending on the chart forming a Falling Wedge pattern and indicating that the bears are in control of the market. The Moving Average Convergence/Divergence (MACD) has dropped below its signal line, confirming the bearish trend.

Also, the Stochastic Oscillator value is 21.82, close to the oversold region 20. However, the indicator is rising, signaling an eventual long-term recovery that coincides with the sentiment of the MACD’s fading red Histogram bars.

From a trader’s perspective, X is in a bear market, although this sentiment is for the short term as the bears prevail. X will likely continue to retrace on the chart until it pivots off the $0.00002668 support level to break above the $0.00003242 resistance line if the bulls reclaim control.

Cowabunga: A Reliable Alternative as X Declines

Cowabunga is a new crypto project on presale inspired by the TV series Teenage Mutant Ninja Turtles, which recorded massive success beyond the screen, inspiring merchandise and toys. Meme coins will enjoy massive success in 2023, with the crypto community looking for alternative investments delivering quick profit.

The project follows the footsteps of successful projects like $SPONGE inspired by such TV series and will likely replicate its early success. Moreover, the Cowabunga team has a growing presence on social media with functional Twitter and Telegram accounts. With these strategies, the meme coin is positioned to attract more interest and investment.

TMNT-Inspired Ecosystem

Cowabunga’s token distribution mechanism relies on the famous TMNT characters. Each turtle represents a vital aspect of the project and its total token supply of 4 billion tokens.

Cowabunga Coin aims to forge exciting and influential partnerships to boost its liquidity and adoption. At an affordable price, it aims to attract numerous investors to seize the opportunity to profit from this crypto gem.

Roadmap and Presales

Presently, each COWABUNGA token is worth around $0.000125. According to the developers, the next phase of the journey will be to increase the coin’s trading volume and rally the growing community to success.

After that comes its CEX listings and massive marketing. The tokens can be purchased with Ethereum using ETH-compatible wallets like Trust Wallet or Meta Mask.

Trust wallet is the preferred option for mobile users, with Meta Mask being the best option for desktop users. Investors should take advantage of COWABUNGA’s low price to accumulate the tokens and anticipate rewards.