The HarryPotterObamaSonic10Inu meme coin, listed as $BITCOIN, is commonly recognized as the “people’s bitcoin” or the “real bitcoin” within its community–and its rise to the spotlight is almost as dramatic.
The meme coin’s impressive gains over the past few days have caught the attention of both crypto enthusiasts and skeptics.
After bouncing from the Fib 0.786 support level at $0.006441 on June 21, the coin soared by 312% to reach a two-week high of $0.02691 earlier today. HarryPotterObamaSonic10Inu is currently trading at $0.02045, marking a 10.20% increase so far today.
This bullish momentum is sustained by key technical indicators, which suggest that the coin may continue its upward trajectory in the short term.
Key Technical Indicators Support Bullish Outlook
The 20-day EMA for HarryPotterObamaSonic10Inu currently stands at $0.01259, significantly below the current trading price.
This indicates a strong bullish trend, as the price remains well above the EMA, signaling that the upward momentum is likely to continue.
Additionally, the RSI has increased to 65.81 from yesterday’s 63.63, indicating a surge in buying pressure in the market.
Although nearing overbought territory, the RSI has not yet reached the critical threshold of 70, indicating that there might still be room for further gains before a potential reversal.
The MACD histogram is also showing bullish signs, as it has grown to 0.00070431 from yesterday’s 0.00046199.
This positive divergence suggests that the momentum in the market is still supportive of the current uptrend.
Looking at the trading volume and market capitalization, HarryPotterObamaSonic10Inu has a 24-hour volume of $2.25 million and a market cap of $20.44 million, according to DexTools.
The increased trading volume is a positive sign, as it demonstrates a growing interest in the coin and its potential for further price appreciation.
Critical Support and Resistance Levels to Watch
In terms of key price levels, the immediate resistance for HarryPotterObamaSonic10Inu lies at the Fib 0.236 level of $0.02129. If the price can break through this resistance, it may signal a continuation of the current uptrend.
On the other hand, immediate support can be found at the Fib 0.382 level of $0.01735, followed by the 0.5 level at $0.01735.
As HarryPotterObamaSonic10Inu ($BITCOIN) continues to gain momentum, traders are advised to stay alert and monitor market changes closely to make informed decisions.
As the frenzy surrounding HarryPotterObamaSonic10Inu meme coins begins to settle, a project with real fundamentals and community support is gaining momentum and may be the next meme coin to pop.
Born out of the GameStop short squeeze, Wall Street Memes is a movement committed to disrupting the traditional ways of Wall Street.
Now, it’s leveraging blockchain technology to further its mission through the $WSM token.
Wall Street Memes Is a Community With a Track Record of Success
The Wall Street Memes team has a history of selling out digital asset launches quickly, evident in their $WSM presale that has already outperformed 2021’s Wall Street Bulls 10,000 piece NFT collection, which made $2.5 million and sold out in just 32 minutes.
Boasting over 1 million followers across various social media platforms, the community has even attracted interactions from Elon Musk and Gary Vee.
Tokenizing the Wall Street Rebellion and Potential Exchange Listings
Wall Street Memes was born in the aftermath of the infamous GameStop fiasco, where retail investors challenged Wall Street’s hegemony.
The project is currently expanding its relevance in the world of cryptocurrency by introducing the $WSM token and developing distinct Ordinal NFTs on the Bitcoin blockchain.
With the Wall Street Memes community growing at an impressive rate, many experts predict that the $WSM token will soon be listed on leading cryptocurrency exchanges, including Binance.
With 30% of the token supply allocated for community rewards, airdrops to holders are expected to be a significant part of the ecosystem.
The potential for meme coins to thrive is often tied to the strength of their community and social media influence, and with the passionate and engaged community behind $WSM, there is a high likelihood of attracting significant attention from investors and traders, potentially leading to an increase in its price.
Investors looking to secure their $WSM at the best possible discount should consider participating in the meme coin’s presale as soon as possible.
Visit Wall Street Memes Now
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
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