The Maneki price has surged 30% in the last 24 hours to trade at $0.009357 as of 7:20 a.m. EST on a 37% surge in trading volume to $42 million.

Maneki Price Rebounds On Descending Triangle: Can Bulls Reclaim The ATH?

The Maneki price has been declining from its all-time high of $0.0276, recording a 66% drop. 

However, the support zone at $0.004637 has discontinued the bears’ advance, enabling the bulls to stabilize the price. Despite the recent decline, this support level remains strong, offering the bulls an opportunity to gain momentum and possibly push the price back up to recover their losses.

MANEKIUSDT Analysis By Tradingview

The descending triangle pattern indicates that the bullish momentum may persist, potentially driving higher prices. If this momentum continues, the bulls could propel the price beyond the wedge, sustaining the upward trend.

The bulls have successfully maintained the price above the 50-period simple moving average (SMA), indicating a bullish trend. However, to confirm the anticipated rally, the bulls must be consistent with bullish momentum and push the price above the 200-period SMA.

The Relative Strength Index (RSI) indicates a rebound from the 30 oversold levels to 75 in the overbought zone. This indicates intense buying pressure for the Maneki price.

The Moving Average Convergence Divergence (MACD) indicates a surge from the bottom as the blue signal line crosses the orange trendline on an uptrend past the neutral level. The histogram also trended above the neutral level, indicating high buying volume.

Maneki Price Bulls Poised To Reclaim The ATH

The Maneki price is bullish, as bulls drive the price high in successive bullish candlesticks for another surge to reclaim a high at $0.01405. However, increased momentum could help the bulls catapult the price, reaching its all-time high of $0.0276 in the upcoming weeks.

On the flip side, if the bears regain the downward move, the price could slip to the lower boundary of the triangle at $0.005567.

Last Chance To BUY SMOG: The Next 100X Solana Gem!

Meanwhile, as the Maneki price soars, investors may want to consider buying Solana meme coin $SMOG amid rumors of a top-tier exchange listing soon.

The Smog (SMOG) token has performed impressively since its launch. A key reason for its success is its innovative strategy to reward token holders and encourage community involvement through its airdrop program, which it promises will be “the greatest in history.”

The team wrapped up season 1 of the airdrop back in April by rewarding holders with about $1 million in giveaways.

Season 2 of the airdrop is ongoing, focusing on on-chain activity.

The team has also successfully listed the token on the MEXC centralized exchange (CEX) and hinted at the potential for another top-tier exchange listing soon.

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— MEXC (@MEXC_Official) April 4, 2024

Token holders can stake their acquired tokens and earn an annual return of 42%.

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Crypto Gains, a popular analyst and YouTuber with over 130,000 subscribers, believes that $SMOG has the potential to surge a further 100X.

With the potential for another top-tier exchange listing on the horizon, now could be a great time to buy Smog.

Buy Smog tokens on the official website here, and get a 10% discount while the offer lasts.

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Smog (SMOG) – Meme Coin With Rewards

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• 10% OTC Discount – smogtoken.com