{"id":608566,"date":"2024-12-10T12:47:23","date_gmt":"2024-12-10T12:47:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=608566"},"modified":"2024-12-10T12:47:23","modified_gmt":"2024-12-10T12:47:23","slug":"luigi-mangione-price-prediction-luigi-skyrockets-35000-after-murder-arrest-as-experts-predict-parabolic-gains-for-this-pepe-alternative-ico","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/luigi-mangione-price-prediction-luigi-skyrockets-35000-after-murder-arrest-as-experts-predict-parabolic-gains-for-this-pepe-alternative-ico","title":{"rendered":"Luigi Mangione Price Prediction: LUIGI Skyrockets 35,000% After Murder Arrest As Experts Predict Parabolic Gains for This PEPE Alternative ICO"},"content":{"rendered":"

The Luigi Mangione price soared more than 35,000% in the last 24 hours to trade at $0.03153 as of 02:21 a.m. EST on trading volume that jumped to $174 million.<\/span><\/p>\n

The LUIGI token is named after Luigi Mangione, who was charged in last week’s shooting of UnitedHealthcare CEO Brian Thompson. Mangione was identified earlier as a person of interest and has been arrested on firearms and other charges in Pennsylvania.<\/span><\/p>\n

Luigi Mangione Price Aims For A Bullish Trend Reversal<\/h2>\n

According to the LUIGI\/USD chart analysis, the Luigi Mangione price experienced a strong bullish trend after its launch, marked by a steep green upward arrow, suggesting significant buying momentum. This upward move saw increasing volume, supporting the price surge.<\/span><\/p>\n

After hitting a peak (near $0.057), the price entered a falling wedge, which is indicative of a cooling-off period or a potential reversal, according to data from <\/span>GeckoTerminal<\/span><\/a>. <\/span><\/p>\n

The price of Luigi Mangione is trading below the 25-day Simple Moving Average (SMA) ($0.03525), which suggests the short-term momentum is bearish. However, the proximity of the price to this level implies a lack of strong selling pressure. A break above the SMA could signal renewed upward momentum.<\/span><\/p>\n

The Relative Strength Index (RSI) is at 49.87, which is near the neutral 50 level. This suggests the market is currently in a balance between buyers and sellers, with neither overbought nor oversold conditions.<\/span><\/p>\n

If the price breaks above the descending channel’s upper trendline (yellow), supported by increased volume and RSI moving above 50, a bullish breakout toward $0.045-$0.05 could occur.<\/span><\/p>\n

\"Luigi
LUIGIUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

Alternatively, if the Luigi Mangione price fails to reclaim the 25-day SMA and breaks below the $0.03 support level, the next target would likely be around $0.025, where the price could find stronger support.<\/span><\/p>\n

As the LUIGI price aims for an incoming rally, investors are also buying up a new Pepe alternative called <\/span>Wall Street Pepe (WEPE)<\/span><\/a>, which Cryptonews, a popular crypto channel with over 13K subscribers, says could be the next massive degen play.<\/span><\/p>\n