Catfish Price Prediction: CATFISH Surges 340%, But Can It Outperform This New Meme Coin That Promises Another 100x Explosion?| Trending Viral hub

Join our Telegram channel to stay up to date on breaking news coverage

The price of catfish skyrocketed 340% in the last 24 hours to trade at $0.001192 at 3:15 am EST.

It comes amid growing market optimism after the price of Bitcoin surpassed the psychological level of $50,000.

Meme coins are in the front line of altcoins benefiting from this broader market rally and CATFISH is trending high on Solana’s DEXTools hot pairs.

Catfish Price: Technical Analysis

On the 4-hour time frame, the catfish price is at the most important Fibonacci level of 61.8% at $0.001193. The Relative Strength Index (RSI) is heading south, suggesting declining momentum. However, considering its position at 63, the price strength is strong. The pullback comes when CATFISH was overbought, with the RSI previously above the 70 level.

Therefore, it appears to be a healthy correction, with the bulls looking to cool off after the exhaustion of buyers’ momentum. The Moving Average Convergence Divergence (MACD) is also rising and moving into positive territory. These add credibility to the bullish thesis.

Further buying pressure could push catfish price above resistance due to the 786% Fibonacci level at $0.001516. In a very bullish case, profits could be extrapolated to fill the market range at $0.001926. Such a measure would constitute a 30% increase above current levels.

CATFISH

TradingView: CATFISH/USD 4-hour chart

Converse Case For Catfish Price

On the other hand, if the selling pressure increases, the catfish price could extend the decline and lose support due to the 50% Fibonacci level at $0.0009670. In the most severe case, the meme coin could fall to the 38.2% Fibonacci level at $0.0007405.

However, for the prevailing bullish outlook to be invalidated, catfish price must break and close below the 23.6% Fibonacci level at $0.0004603. This could set the tone for the meme coin to lose the support offered by the ascending trend line.

Promising alternative to catfish

As meme coins benefit from Bitcoin’s price strength, investors are also looking for other promising alternatives for portfolio diversification. Sponge V2 is the latest meme coin sensation, emerging after its precursor, Sponge V1, was disrupted 5th February.

The token is among the meme coins that analysts say could see exponential gains at launch. The project has migrated to SPONGE V2. Polygon version of the digital asset, a move that was accelerated by a recent malicious attack on its liquidity pool.

The token will soon appear on multiple exchanges. However, before this happens, the bet feature continues to provide investors with multiple opportunities to passively earn income.

Sponge V2

Buy and stake Sponge V2 to start earning rewards today.

Spongers will earn tokens by staking $SPONGE before the claim date. Token holders currently enjoy annual percentage yields (APY) of up to 197%, with over 8.196 billion tokens already staked. This is one of the reasons why analysts classify it among the Top five cryptocurrencies to invest in now.

Sponge V2

With Solana’s hype fading and Ethereum remaining the leading altcoin, the recent bullish turn in the market could inspire confidence in the meme coins on its network. That suggests that more investment could soon flow into projects like Sponge V2 running on the Ethereum ecosystem.

Buy and bet $SPONGE today and could set your cryptocurrency portfolio up for spectacular returns, with cryptocurrency analyst Jacob Bury anticipating a potential 1,000x explosion at launch.

Also read:

New crypto mining platform: Bitcoin Minetrix

Bitcoin Minetrix
  • Audited by Coinsult
  • Secure and decentralized cloud mining
  • Earn free Bitcoin daily
  • Native Token on Pre-Sale Now – BTCMTX
  • Staking Rewards: Over 50% APY

Bitcoin Minetrix


Join our Telegram channel to stay up to date on breaking news coverage



Check Also

NFT Paris 2024 is taking place this weekend – here’s what to expect| Trending Viral hub

Join our Telegram channel to stay up to date on breaking news coverage The nascent …

Fetch.ai Price Prediction for Today, February 20: FET Technical Analysis| Trending Viral hub

Join our Telegram channel to stay up to date on breaking news coverage Fetch.ai price …

Minu Price Prediction: MINU Soars 552% in 7 Days, But Traders Say Rising New Solana Meme Coin Could Be the New Craze| Trending Viral hub

Join our Telegram channel to stay up to date on breaking news coverage Minu price …

Leave a Reply

Your email address will not be published. Required fields are marked *