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The HarryPotterObamaSonic10Inu price jumped more than 25% over the past 24 hours to trade at $0.1002 as of 8:35 a.m. EST as investors rush to catch the meme coin’s spike.
The HarryPotterObamaSonic10Inu Price May Continue To Rise
Daily chart for BITCOIN/USDT (Source: TradingView)
An ascending triangle has emerged on BITCOIN’s daily chart after the meme coin printed a series of higher lows over the past few days. The base of this pattern is the major resistance level at $0.100555.
The HarryPotterObamaSonic10Inu price was able to break above this threshold earlier in today’s trading session. Since then, however, it has pulled back to trade below the significant price point.
The triangle chart pattern that has formed on the cryptocurrency’s daily chart is a bullish pattern. Should the HarryPotterObamaSonic10Inu price close a daily candle above $0.100555 within the next 2 days, it may continue to climb in the following few days.
In this bullish scenario, the altcoin may attempt to flip the $0.144435 resistance level into support. Continued buy pressure above this mark could then elevate the meme coin’s value to as high as $0.188245 in the short term.
The bullish thesis may be invalidated, however, if the HarryPotterObamaSonic10Inu price fails to close a daily candle above $0.100555 within the next 48 hours. In this alternative scenario, the cryptocurrency may be at risk of correcting down to the immediate support level at $0.068180 through the course of the next few days.
Technicals Hint At A Positive Short-Term Move
Technical indicators support a bullish outlook. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging in favor of a continued increase in price.
The MACD line is breaking away above the MACD Signal line, while the slope of the MACD Histogram is positive as well. These technical flags are generally interpreted as signs that a cryptocurrency’s positive trend will continue.
In addition to this, bulls also have the upper hand against bears. This is evident by the fact that the RSI line is positioned above its Simple Moving Average (SMA) line. The technical flags presented by the MACD and RSI materializing could lead to the HarryPotterObamaSonic10Inu price rising to $0.144435 soon.
As the HarryPotterObamaSonic10Inu price shows signs of continuing its rally in the next few days, investors also are flocking to Sponge V2.
A Meme Coin With A 100X Track Record
Sponge V2 is the successor to Sponge, which experienced a 100x surge in price in 2023. The project has already garnered significant interest, with the total amount of funds staked and bridged exceeding $1.6 million.
The meme coin is set to offer investors who missed the 100X opportunity presented by Sponge V1 a second chance to generate substantial returns.
Making A Splash With Major Listings
🚀Missed 100x in 2023?💥 $SPONGE is BACK with V2 – Bigger, Better, and ready to absorb the damp!
Hurry and stake now to join the ride!
Visit our website for more info! 🔥#SpongeV2 #Web3 #Crypto #Alts pic.twitter.com/bD4oZTpElW
— $SPONGE (@spongeoneth) January 2, 2024
Sponge V2 is poised to outshine Sponge V1, and could most likely gain far greater exposure through listings on major exchange platforms. This will undoubtedly boost the meme coin’s liquidity and visibility for investors.
To get a hold of Sponge V2, investors can purchase and stake Sponge V1 on the project’s official website. Investors who own Sponge V1 will only need to stake their tokens to earn the next iteration of the altcoin.
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