Release: 2024/10/02 23:24 Reading: 984
Little Manyu Price Surge
Little Manyu (MANYU) has witnessed a remarkable 79% price increase in the past 24 hours, reaching $0.03083 as of 7:14 a.m. EST. However, trading volume has declined by 18% to $24.2 million.
Technical Analysis
The MANYU/USD price chart in the 1-hour timeframe displays a "Cup and Handle" pattern, indicating potential bullish continuation. The previously resistant neckline now serves as support, suggesting an upward trend.
The 50-period Simple Moving Average (SMA) surpasses the 200-period SMA, a "golden cross" pattern often associated with further price appreciation. The handle breakout has resulted in an upward price movement, signaling sustained upward momentum.
Indicators
The Moving Average Convergence Divergence (MACD) indicator remains positive, showcasing buying momentum. However, signs of divergence emerge, indicating a possible slowdown.
The Relative Strength Index (RSI) stands at 59.69, suggesting the asset is approaching overbought levels. A sustained RSI increase may signal overbought conditions, potentially leading to a correction or consolidation phase.
Outlook
MANYU's bullish outlook is supported by the cup-and-handle formation, golden cross, and moving average support. If the price sustains above support levels, an upward trend targeting higher resistance levels is expected.
However, traders should exercise caution due to divergence signals and monitor the RSI for potential overbought conditions.
Pepe Unchained Presale
Layer-2 Meme Coin Pepe Unchained (PEPU) has attracted significant investor interest, raising over $16.9 million in one of the year's highest-profile presales.
PEPU aims to enhance the functionality of the original Pepe blockchain by operating on its own layer-2 network, enabling faster and cheaper transactions. The project also supports decentralized app (dApp) development and offers a generous 127% annual yield for staking tokens.
PEPU tokens can be purchased for $0.0099 using ETH, USDT, BNB, or a bank card.
We are building the most influential,trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com