Ponzio The Cat price has surged 45% in the last 24 hours to trade at $1,131 as of 3:30 a.m. EST on an 80% pump in trading volume to $4 million.
PONZIO has skyrocketed 380% in the past week, boosting its market capitalization to $1.5 million. The token swiftly attracted the attention of investors and traders since its launch in June and quickly established connections with major crypto platforms like CoinMarketCap, DEXTools, and CoinGecko.
Ponzio The Cat Price Blasts Out Of Consolidation Zone
The Ponzio The Cat price has been trading within a consolidation range for a while and has found solid support at $69.52, which has helped the bulls push the price up within a bullish channel. The support level at $521 has also added to the sentiment, pushing the price slightly above the bullish channel at $1150.
PONZIOUSD Analysis (Source: Dextools.io)
Despite a recent dip in bearish activity, bullish investors are gearing up to push Ponzio The Cat’s price beyond the $1130 mark. Additionally, the price is currently trading above both the 50 and 200 Simple Moving Averages (SMA), reinforcing its upward momentum and overall bullish market sentiment.
Ponzio The Cat Price Indicators Signal Bullish Trend Continuation
The Moving Average Convergence Divergence (MACD) line is also positioned above the neutral line, with a green histogram indicating increased investor interest. This setup points to a strong bullish trend, with the MACD indicators showing positive momentum. Furthermore, the blue MACD line has crossed above the orange signal line.
The Relative Strength Index (RSI) has bounced back from the midpoint of 50 to 90 in the overbought level of 70, indicating strong buying pressure for Ponzio The Cat price.
With this ongoing increase, Ponzio The Cat might continue to rise above its current price of $1,130, potentially reaching a new high in the coming weeks.
However, sellers might increase pressure if the price falls due to the overbought RSI. In such a case, the $914 support zone will be crucial to watch to determine if the price stabilizes or drops further.
Promising Alternative To PONZIO
While Ponzi The Cat has already made waves with its incredible rise, this meme-inspired project Shiba Shootout (SHIBASHOOT) is quickly gaining traction and has analysts saying it may be the next breakout meme coin star
Shiba Shootout is quickly emerging as a standout in the meme coin space, offering a Wild West-themed adventure that goes beyond the typical crypto project.
Inspired by Shiba Inu, Shiba Shootout combines creativity, strategy, and play-to-earn (P2E) gaming in its fictional town of Shiba Gulch, where players can earn $SHIBASHOOT tokens by winning cowboy duels.
It offers staking for a reward of 1033% APY, which is available as soon as you invest. Its token will seemingly launch on Ethereum and BNB Smart Chain, given that the token type will be ERC-20 and BEP-20.
Shiba Shootout has already caught the eye of crypto experts, such as the crypto YouTuber Jacob Crypto Bury, who has over 41k subscribers. The expert speculated about SHIBASHOOT having 10x potential after launch and the chance for it to become the next Shiba Inu.
The SHIBASHOOT token is sold for $0.0198, and you can buy it using the official website widget. But do not take long, as a price hike is coming in less than 24 hours and lock your best deal.
Buy SHIBASHOOT tokens with ETH, USDT, BNB, or credit/debit cards .
Related Articles
- Shiba Inu Price Prediction 2024: To The Moon Or Crash Landing?
- Best Crypto ICOs of 2024: Top Picks for Big Returns
- A How-To Guide on Buying Cryptocurrency Safely in 2024
