{"id":552085,"date":"2024-07-16T15:35:08","date_gmt":"2024-07-16T15:35:08","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=552085"},"modified":"2024-07-16T15:35:08","modified_gmt":"2024-07-16T15:35:08","slug":"hoppy-price-prediction-hoppy-soars-17-but-is-this-other-meme-coin-a-better-pick","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/hoppy-price-prediction-hoppy-soars-17-but-is-this-other-meme-coin-a-better-pick","title":{"rendered":"Hoppy Price Prediction: HOPPY Soars 17%, But Is This Other Meme Coin A Better Pick?"},"content":{"rendered":"

The Hoppy price has soared 17% in the last 24 hours <\/span>to trade at $0.0001127<\/span><\/a> as of 7:20 a.m. EST on a 4.6% surge in trading volume to $9.1 million.<\/span><\/p>\n

Hoppy Price Breaks Above The Bearish Channel<\/span><\/h2>\n

The Hoppy price is rising, with bulls breaking above the bearish channel. They regained momentum at the $0.00008443 support zone, pushing the price past the channel’s upper trendline and nearly reaching the previous high of $0.0001505, thus recovering their profits.<\/span><\/p>\n

\"Hoppy<\/p>\n

HOPPYUSDT Analysis (Source: Dextools.io)<\/span><\/p>\n

The HOPPY price market shows signs of accumulation above the channel, indicating that bullish investors are gearing up to push the price to reclaim the previous high and subsequently achieve new highs.<\/span><\/p>\n

If HOPPY continues the momentum, it will create a strong technical base, potentially triggering a bull rally. This situation prompts traders to consider opening long positions, anticipating HOPPY’s entry into a new phase of upward price discovery. <\/span><\/p>\n

Although the price faces resistance below the 50-day simple moving average, it trades above the 200-day SMA, indicating support for the overall bullish sentiment.<\/span><\/p>\n

The recent MACD blue line crossing above the orange signal line, while below the neutral position, is seen as bullish, signalling a potential reversal to an upward trend. The green histogram bars further indicate robust buying pressure for HOPPY. <\/span><\/p>\n

The Relative Strength Index remains bullish above the 50 midpoint level. Its upward trajectory suggests favourable conditions without entering overbought territory, supporting a positive outlook for HOPPY’s price.<\/span><\/p>\n

Hoppy Price Prediction: Can The Bulls Initiate A Rally?<\/span><\/h2>\n

The bullish momentum behind Hoppy’s price suggests a potential upward drive supported by positive technical indicators. An increased moment should help the bulls reclaim the previous high at $0.0002091.<\/span><\/p>\n

However, there’s optimism for a new all-time high of around $0.0002423. Conversely, the bearish pressure could regain control to retest the pennant’s upper trendline at $0.0001015. <\/span><\/p>\n

A break below this level might extend the downtrend, targeting the $0.00008390 support zone as bears aim to exert more control over the price.<\/span><\/p>\n

This New Layer 2.0 Meme Coin Could Explode Soon<\/span><\/h2>\n

Bullish sentiment towards HOPPY is matched by that around a new layer 2 meme coin called <\/span>Pepe Unchained ($PEPU)<\/span><\/a>, which has already raised $3.7 million in its presale.<\/span><\/p>\n

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We’ve hit another milestone! $3.5M raised!<\/p>\n

Pepe’s blockchain journey is unstoppable. Thank you for your amazing support. The best is yet to come! 🐸🚀 pic.twitter.com\/IPpMBPGg5z<\/a><\/p>\n

— Pepe Unchained (@pepe_unchained) July 14, 2024<\/a><\/p><\/blockquote>\n