Is It Too Late To Buy WOLF? LandWolf Price Tops Meme Coin Gainers With 88% Pump And This Might Be The Next Crypto To Explode
Release: 2024/09/27 23:19 Reading: 388
LandWolf Price Surges Over 88%
As of 7:11 a.m. EST, the LandWolf (WOLF) price has witnessed a significant pump, soaring over 88% to trade at $0.003129. This surge marks the highest 24-hour gain in the meme coin market, according to CoinGecko. Moo Deng (MOODENG) follows closely with the second-largest price increase, pumping by more than 59%.
LandWolf Price Poised to Break Technical Barriers
The WOLF price is poised to break above the $0.003093 resistance level. Surpassing this threshold could pave the way for the meme coin to climb to $0.003364, the next major mark, within the next 24 hours.
Conversely, failure to close a 4-hour candle above $0.003093 within the next 12 hours may hinder the bullish momentum. In this scenario, WOLF could retreat to the immediate support level at $0.002675. If this potential pullback fails to entice traders, the price could dip further to $0.002299.
Technical Indicators Favor Continued Growth
Technical indicators on WOLF's 4-hour chart suggest positive signs, indicating further price appreciation. Momentum appears to be with buyers, with the Moving Average Convergence Divergence (MACD) line positioned above the MACD Signal line. The widening gap between the two lines signals that WOLF's positive trend remains strong.
Furthermore, buyers are currently dominating sellers, as evidenced by the Relative Strength Index (RSI) reading above 50 and its positive slope. However, traders should monitor the RSI, as high readings can sometimes indicate a sell signal, suggesting that a crypto's potential downside is greater than its upside.
Sustained RSI readings in overbought territory are rare unless a crypto is experiencing a significant pump. Confirmation of a sustained pump for WOLF could arise if the meme coin closes a 4-hour candle above the $0.003093 resistance within the next 12 hours.
Disclaimer: This article includes references to products or services that may not be regulated or insured. Do your own research before making any investments.
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