Solana Whales Go Bullish on New Memecoin as Price Surges
- MANEKI Price Surge: The price of the newly launched Solana-based memecoin, MANEKI, surged by 46.76% to $0.02157 amidst a bearish trend in the cryptocurrency market.
- Wallet Activity: Seven wallets collectively spent 3,388 SOL ($525K) to purchase 44.9% of MANEKI's total supply within one minute of its launch and distributed it to nearly 100 new wallets.
- Market Valuation: Despite speculation around the wallet activity, MANEKI has achieved a market valuation of $191.91 million with a trading volume of $85.08 million in the last 24 hours.
- Exchange Listings: MANEKI has been listed on major exchanges like LBank, Gate.io, Poloniex, and MEXC Global, enhancing accessibility and exposure to potential investors.
- Investor Caution: Investors are advised to be cautious due to the volatility and unconventional trading patterns in the memecoin sector, conducting thorough research before investing.
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Technical Analysis for MEME
Technical Sentiment Analysis for Memecoin (MEME) As of , Memecoin (MEME) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MEME stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MEME is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Memecoin (MEME) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000267 | 0.000434 | 0.000603 | 0.00077 | 0.000939 | 0.00111 | 0.00128 |
| Fibonacci | 0.000434 | 0.000562 | 0.000642 | 0.00077 | 0.000898 | 0.000978 | 0.00111 |
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