Is It Too Late To Buy MANEKI? Maneki Price Surges 103% In A Week And This DOGE Derivative Might Be The Next Crypto To Explode

On May 19, 2024

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The Maneki price has surged 103% in the past week and 2% in the last 24 hours to trade at $0.01123 as of 7:40 p.m. EST on a 40% surge in trading volume to $70 million.

Maneki Price Bulls Propel The Price Above The Descending Triangle

The Maneki price indicates a decline from its all-time high of $$0.0276. The support zone at $0.004637 has discontinued the bears’ advance, enabling the bulls to regroup again.

Despite the recent decline, this support level remains strong, offering the bulls an opportunity to gain momentum and 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. The bulls have propelled the price above 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.

Despite the short reversal, 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 on a bullish stance, as bulls drive the price high in successive bullish candlesticks for another surge to reclaim a high at $0.01405. There is a possible formation of the cup and handle pattern, which signals a continuation of the bullish trend.

If the pattern is formed, it will give the bulls wings, driving the price $0.02238 high. Further buying pressure should push the price to reach its all-time high of $0.0276 in the upcoming weeks.

Conversely, if the bears regain the downward move, the price could slip to the triangle’s upper boundary at $0.007137.

Final Call To Buy Dogeverse Before Launch

As Maneki price traders await a stronger signal for entry, investors are flocking to the multi-chain Dogecoin derivative ICO Dogeverse, which is about to list on tier-one exchanges.

Dogeverse has already raised over $15 million, making it one of the most popular ICOs this year.

Why limit to one when you can have it all? $DOGEVERSE begins on the secure #Ethereum network, ensuring robust security and reliability. 🛡️💻
🔥 Bridging gaps between #Cryptocurrency ecosystems, we enhance liquidity, utility, and fun across the entire #Cryptoverse! 🎉#AltSeason pic.twitter.com/zOg8albhry
— DogeVerse (@The_DogeVerse) May 3, 2024

DOGEVERSE is the first meme coin to operate across multiple networks. Deployed on Ethereum, Solana, Polygon, BNB Chain, Avalanche, and Base, Dogeverse aims to lead a multi-chain meme coin revolution.

Dogeverse also offers investors an enticing native staking program with a 53% APY at this early stage. However, as the smart contract was deployed on the Ethereum network, only purchases made with ETH are eligible for staking.

Crypto YouTuber Jacob Bury says that Dogeverse has the potential to 10X after launch.