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The Lingo worth plunged 10% within the final 24 hours to commerce at $0.3826 as of two:18 a.m. EST on buying and selling quantity that skyrocketed 196% to $41.3 million.
That’s after the token launched on Dec. 12 and went on to be listed on Kucoin, with buying and selling kicking off at 15:00 UTC.
Lingo Value May Nonetheless Surge
The Lingo/USD 15-minute chart exhibits a pointy preliminary worth surge adopted by a correction, leading to a consolidation section.
The worth of Lingo is presently buying and selling at $0.3826 inside a well-defined ascending triangle sample characterised by rising help and horizontal resistance round $0.4000, in line with information from GeckoTerminal. Ascending triangles are sometimes bullish continuation patterns, suggesting the potential for a breakout to the upside if resistance is breached.
The 50 Easy Transferring Common (SMA) on the 15-minute chart is presently at $0.3576, serving as dynamic help for the value. The worth staying above this degree additional helps the bullish outlook within the brief time period.
In the meantime, the Relative Power Index (RSI) is at 56.67, leaning towards bullish momentum however nonetheless in impartial territory. This means that the asset has room for additional upward motion with out being overbought. Nonetheless, a break above 70 on the RSI would recommend the potential of elevated shopping for stress.
The Transferring Common Convergence Divergence (MACD) exhibits a bullish crossover, with the MACD line (blue) above the sign line (orange) and each in optimistic territory. This implies that bullish momentum is constructing, however the comparatively small hole between the traces signifies that momentum is average for now.
Lingo Value Prediction
Given the present technical setup, a bullish breakout above $0.4000 seems extra probably, supported by the ascending triangle sample, the place above the 50, and the MACD’s bullish crossover. If the breakout materializes, the value may goal ranges round $0.5062 or larger, based mostly on the measured transfer concept, which predicts a transfer equal to the peak of the triangle.
Nonetheless, if the value fails to interrupt above the $0.4000 resistance, it may retest the help at $0.3576 (50 SMA). A breakdown beneath this degree might invalidate the bullish setup, resulting in a possible revisit of the $0.3000 mark.
Because the Lingo worth bulls search for extra shopping for positions, some buyers are turning to presale meme cash just like the newly launched Flockerz (FLOCK) for extra explosive upside potential and a sky-high annual yield of 439%.
In line with 99Bitcoins, a preferred crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.
Flockerz Raises Over $6.1 Million In Blockbuster Presale
Flockerz has raised a complete of $6.1 million with its ICO because it continues its mission to place energy again within the fingers of the crypto group.
Armed with the first-ever vote-to-earn (V2E) mechanism, propeller-beanie-wearing feathered pals are retreating within the crypto stratosphere, pushed by keen buyers hungry for management over their meme coin holdings.
Even when every little thing’s burning round you.
You are at all times okay if you’re with the flock! pic.twitter.com/dDeu98Flob
— Flockerz (@FlockerzToken) November 19, 2024
The underlying framework of Flockerz is anchored in a decentralized autonomous group (DAO) known as Flocktopia, the place each holder’s voice issues.
To take part within the voting course of, customers should purchase FLOCK tokens. When a brand new suggestion is introduced, members of The Flock vote.
Buyers all in favour of becoming a member of the presale can go to the official Flockerz web site to purchase FLOCK tokens on the present worth of $0.0063754 every utilizing BNB, ETH, or USDT.
Buyers also can make a purchase order utilizing their financial institution card. Purchase earlier than a worth hike in barely greater than 2 days to safe the perfect deal.
Purchase FLOCK right here.
Associated Information:
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- Audited By Coinsult
- Early Entry Presale Spherical
- Personal Buying and selling Alpha For $WEPE Military
- Staking Pool – Excessive Dynamic APY
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