Is It Too Late To Buy MANEKI Crypto? MANEKI Price Skyrockets 45%, But This 2.0 Meme Coin Might 100X Again

The Maneki price soared 45% in the last 24 hours to trade at $0.0205 as of 02:29 a.m. EST on trading volume that rose to $90.7 million.

This comes as the token continues to gain massive attention from the crypto community, and as crypto exchanges move to list the token, the latest being MEXC.

Maneki Price Set To Sustain The Bullish Momentum Over the Bullish Pennant

MANEKI Price Chart Analysis Source: Geckoterminal.com
MANEKIUSD Chart Analysis Source: Geckoterminal.com

Three days after its launch, the Maneki price has been on a steady rise, recording new highs every day. Today, the price formed what resembles a rounding bottom pattern, which encouraged the bulls to push the price even higher.

The breakout above the $0.017 resistance level allowed the price to rise. It is now fluctuating within the confines of the bullish pennant, aiming to break above the upper boundary.

Additionally, MANEKI is trading well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the continued bullish rally in the long term.

The Relative Strength Index (RSI) is also moving up at 61, indicating intense buying pressure. If the bullish momentum is sustained and investors keep buying, the RSI may soar past the 70-overbought region.

Moreover, the Moving Average Convergence Divergence (MACD) is also bullish. The blue MACD line crosses above the orange signal line, representing a bullish crossover. Most investors capitalize on a bullish crossover to add to their positions.

The green bars on the histogram also extend above the neutral line, which shows that MANEKI is on a positive trajectory.

Maneki Price Prediction

The Maneki price Analysis indicates that MANEKI is on a bullish trend as the bulls aim to drive the price above the bullish pennant pattern after surging above the rounding bottom pattern. With the RSI and the MACD showing positive sentiments, investors could be encouraged to further buy the asset, aiming for $0.027.

However, with the RSI trading upwards towards the 70-overbought region and the current surge, the bears could start booking profits, which could drive the price down through a retrace back to the support around $0.017.

Meanwhile, as MANEKI soars, other investors are also moving to buy Sponge V2, a meme token aimed at replicating the success of Sponge V1, which soared 100x in a bear market last year.

Sponge V2: Best Opportunity For 100X Gains?

Sponge V2 (SPONGE V2) is looking to build on the success of the previous Sponge V1 token, and aims to repeat its 100x feat of last year and more, as it offers a last chance to buy before launching on top-tier exchanges.

The listing on major exchanges further enhances its accessibility and visibility within the crypto community.

Surpassing $17 million in total staked and bridged value, Sponge V2 offers compelling rewards. Users can stake $SPONGEV2 for annualized rates exceeding 164% on Ethereum and a staggering 345% on Polygon.

Meme coins are often criticized for their lack of utility. But Sponge V2 aims to challenge this narrative with the introduction of the Sponge Play-to-Earn Racer game.

According to 99Bitcoins, a prominent YouTube channel with more than 700K subscribers, Sponge V2 has the potential to 100X again after launch.

You can buy Sponge V2 tokens on the official website here. Link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.

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