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The Launch Coin On Believe price soared 2,628% in the last week and 20% in the past 24 hours to trade at $0.2133 as of 10:35 p.m. EST on trading volume that plunged 34% to $113 million.
Launch Coin On Believe Price Aims At A Breakout
The LAUNCHCOIN price recently experienced a sharp bullish rally, peaking at around $0.37 before entering a corrective phase.
On the 4-hour chart, the Launch Coin On Believe price has been consolidating within a symmetrical triangle, suggesting a potential continuation on the horizon.
LAUNCHCOIN is now attempting a breakout from this pattern near the $0.21 level, showing early signs of bullish momentum resuming.
Meanwhile, the 50-day Simple Moving Average (SMA) at $0.1331 is well above the 200-day SMA at $0.0356, confirming a longer-term bullish trend.
The Relative Strength Index (RSI) is currently at 54.23, indicating neutral momentum with a slight bullish bias.
Fibonacci retracement levels show strong support at $0.1861 (0.5 level), which has held through multiple retests, while the $0.2296 (0.382 level) acts as near-term resistance.
Given the breakout attempt from the symmetrical triangle and support from key indicators, the price of Launch Coin On Believe could aim for a retest of the $0.283 range on the 0.236 Fib level.
LAUNCHCOIN/USDT Chart Analysis (GeckoTerminal)
However, failure to hold $0.186 would shift the outlook toward further a slight correction. In such a scenario, the price of LAUNCHCOIN could drop to the support around $0.1427 (0.618 Fib level).
Meanwhile, investors are flocking to the presale for new Solana project Solaxy (SOLX). Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 10X post-launch.
Solaxy (SOLX) Presale Soars Past $37M — Next Big Crypto?
Solaxy is on a mission to tackle Solana’s persistent network congestion issues by mirroring the success of Ethereum’s layer-2 solutions such as Arbitrum and Optimism.
The layer-2 project will process transactions off-chain and settle them on Solana’s mainnet, thereby enabling faster transactions and resulting in lower fees. It will also address pain points exposed during Solana’s meme coin frenzies, which have strained the network.
Investors have already backed the project with $37 million in funding in its presale, over $2.8 million of that in the last week alone.
POV: Someone tries to tell you about something other than $SOLX. 🛸🥴#solaxy #SOLAXY_Agent pic.twitter.com/rPRjJCZ6pY
— SOLAXYTOKEN Agent (@SOLAXY_Agent) May 11, 2025
The project’s cross-chain bridge, which will connect Solana with Ethereum, will enable seamless asset transfers, boost liquidity, and expand use cases for decentralized finance (DeFi), NFTs, and gaming.
The Solaxy team has launched the bridge ahead of schedule, allowing users on the testnet to explore how ETH or SOLX tokens can be transferred to the Solaxy Layer-2 network.
This testnet serves as a sandbox environment where developers can experiment with features and interfaces, safely simulating transactions without affecting the live Solana network.
The project’s staking program also offers token holders a huge 110% annual yield.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001728 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in a little more than 1 day to secure the best deal.
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