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The Meme Ai price surged 33% in the last 24 hours to trade for $0.0015 as of 10:50 a.m. EST time on trading volume that plunged 10%.
This comes as the Elon Musk-inspired token is gearing up for a third listing on a centralized exchange (CEX).
Meme Ai Price Prediction
Meanwhile, the token trades between the 23.6% and 38.2% Fibonacci levels, with the odds favoring the bulls. This is seen by the position of the Relative Strength Index (RSI) above 50 and the fact that the Moving Average Convergence Divergence (MACD) was moving above its signal line (orange band).
Similarly, the MACD remains in positive territory, just like the Awesome Oscillator (AO) indicator, with the Meme AI price enjoying downward support due to the 50-day Simple Moving Average (SMA) at $0.0013.
Increased buying pressure could see the Meme Ai price push north, overcoming immediate resistance due to the 38.2% Fibonacci level at $0.0015. A strong move north could see it clear the 50% Fibonacci level at $0.0017, or in a highly bullish case, extend a neck higher to tag the most important Fibonacci level of 61.8% at $0.0019.
In a highly ambitious case, the gains could see the Meme Ai price go as high as to flip 78.6% Fibonacci back to a support as it pushes to reclaim the all-time high of January 24 at $0.0040.
TradingView: MEMEAI/USDT 3-hour chart
Converse Case
On the other hand, early profit-taking could see the Meme Ai price descend to lose the support at $23.6% Fibonacci at $0.0013. An extended fall could send MEMEAI below the 50-day SMA at $0.0013.
Meanwhile, investor attention has shifted to Sponge V2, which analysts say is among the best meme coins to invest in now because of its potential for exponential gains.
Promising Alternative To Meme AI
Sponge V2 is a new meme coin sensation that comes after its predecssor, Sponge V1, exploded 100X on launch last year. Sponge V2 aims to do the same, if not more.
🚨 Important information 🚨
Our V1 Snapshot will be taken on the 5th of February at 11pm UTC, $SPONGE V1 will then immediately be discontinued.
Follow this thread to migrate your Decentralised and Centralised tokens to V2 before it’s too late! 👇
🧵 1/4 pic.twitter.com/qPSTIX6dNT
— $SPONGE (@spongeoneth) February 2, 2024
Sponge has announced the discontinuation of Sponge V1 as it migrates to the SPONGE V2 Polygon version of the digital asset. The move was accelerated by a recent malicious attack on its liquidity pool.
To prevent future attacks, the network has moved every $SPONGE V1 holder to the Polygon network, for better security, efficiency, speed, and affordability.
Important reminder! ⏰
Exchanges have been asked to suspend trading of $SPONGE V1 on the 5th of February at 11 PM UTC.
We strongly advise all holders to withdraw their tokens from centralised exchanges and stake through the #Sponge website as soon as possible.#MemeCoin #Alts pic.twitter.com/1L8bwZcJfu
— $SPONGE (@spongeoneth) February 2, 2024
The Sponge V2 project also has a staking function, boasting over 7.396 billion staked tokens so far. Stakers enjoy 218% in Annual Percentage Yield.
Analysts rank Sponge V2 among the top five cryptos to invest in now. So, buy and stake $SPONGE today and it could set up your crypto portfolio for 100x gains.
Also Read:
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- Staking Rewards – Over 100% APY
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