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The Maneki price has soared 364% in the past week and 32% in the last 24 hours to trade at $0.004336 as of 6:45 a.m. EST on a 25% increase in trading volume to $19 million.
Maneki Price: Bullish Breakout Eyes $0.0060 As Momentum Builds
This 4-hour MANEKI/USDT trading pair transitions from a prolonged consolidation phase to a strong bullish breakout. From late March into early April, the consolidation zone ranged between approximately $0.00085 and $0.0012.
The price moved sideways during this time, accumulating liquidity just above the zone. A shift in market structure (marked as MSS) occurred around April 10, which initiated a bullish reversal.
This reversal was followed by strong price momentum and several Breaks of Structure (BOS), confirming the bullish trend. These BOS levels are roughly $0.0015, $0.0021, and $0.0026, representing a new higher high and further validating upward momentum.
MANEKIUSDT Analysis Source: Tradingview
Following the reversal, the chart identifies multiple Fair Value Gaps (FVGs) and an important Order Block (OB). The most notable support level sits between $0.0018 and $0.0020, an area of interest for potential pullbacks or re-entries.
Another FVG between $0.0023 and $0.0025 is observed, offering a possible secondary support zone. As of the chart’s timestamp, the current price is $0.0043386, reflecting a significant 22.66% intraday gain.
However, the Relative Strength Index (RSI) is at 82.53, well into the overbought region, signaling that the asset may face short-term consolidation or a minor retracement before continuing higher.
A projected upward move toward $0.0050 is indicated, but traders should monitor for a healthy correction before re-entry, especially around the key support and FVG areas. The overall structure remains bullish with strong trend continuation signals, assuming volume and demand hold.
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