{"id":587138,"date":"2024-10-14T15:31:31","date_gmt":"2024-10-14T15:31:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=587138"},"modified":"2024-10-14T15:31:31","modified_gmt":"2024-10-14T15:31:31","slug":"is-it-too-late-to-buy-well-moonwell-price-soars-93-in-a-month-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-well-moonwell-price-soars-93-in-a-month-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy WELL? Moonwell Price soars 93% In A Month And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

The Moonwell Price has soared 93% in the past month after surging 18% in the last 24 hours to trade at <\/a>$0.04836<\/a> as of 7:25 a.m. EST on a 162% pump in trading volume to $12 million.<\/span><\/p>\n

Moonwell Price Signals Further Uptrend<\/h2>\n

The WELLUSD chart shows a solid bullish reversal, with a double bottom pattern forming around the $0.030 level. This pattern typically signals a shift from a downtrend to an uptrend, which was confirmed once the price broke out above the neckline.<\/p>\n

After that breakout, the price shot up, now sitting around $0.04909, suggesting the beginning of a potential uptrend.<\/p>\n

The price has already crossed the 50-period moving average, currently at $0.03448, indicating short-term bullish momentum is in play. On the other hand, the 200-period moving average, sitting at $0.03106, is way below the current price, highlighting long-term bullish sentiment.<\/p>\n

The growing gap between the Moonwell price and these moving averages just reinforces the strength of this upward movement.<\/p>\n

\"Moonwell<\/p>\n

WELLUSD Analysis Source: Dextools.io<\/em><\/p>\n

The MACD supports this bullish outlook. With the MACD line sitting above the signal line and the histogram bars expanding, buying momentum is evident, which confirms the strength of the upward price movement.<\/p>\n

However, the RSI, currently at 71.47, is in overbought territory, which means that while the market’s riding strong bullish pressure, a short-term pullback or consolidation might be on the horizon as buyers could start losing steam.<\/p>\n

Looking at key price levels, support should hold around the previous double-bottom zone near $0.030. If the price does pull back, the 50-period MA at $0.03448 could serve as another important support level. On the flip side, resistance is likely around $0.05, which could test just how strong this uptrend really is.<\/p>\n

The price action looks bullish after the reversal, with the indicators pointing in the same direction. However, with the RSI showing overbought conditions, traders should be mindful of potential short-term corrections.<\/p>\n

Pepe Unchained Eyes $20 Million Milestone: Best Meme Coin To Buy Now?<\/h2>\n

The bullish sentiment found around Moonwell is also evident in the new meme coin Pepe Unchained(PEPU)<\/a>, which<\/span> has just zoomed past $19.4 million in funds raised in what has become one of the most successful presales of the year.<\/p>\n

Popular YouTuber ClayBro, who boasts over 130k subscribers, says investors should get prepared for massive gains for PEPU once it launches<\/p>\n