Mumu The Bull Price Prediction: MUMU Surges 16%, But Traders Turn To This 2.0 Meme Coin For Its 100X Track Record

The Mumu the Bull worth has soared 16% up to now 24 hours to commerce for $0.000009509 as of 08:00 a.m. EST.

It comes after a steep downtrend, with token holders lauding the reversal after arguing that the correction had been a ‘purchase the dip’ alternative.

FOR EVERYONE IN THE BACK, Dips are for purchasing not crying $MUMU #MUMUSOL BE BRAVE, BE A BULL.

Keep bullish my mates @mumu_bull pic.twitter.com/okv8UZ4FRG

— wavesnstuff (@wavesnstuff) April 22, 2024

Regardless of the surge, the altcoin is dealing with resistance resulting from a descending trendline, which has capped the altcoin’s upside potential since round mid-March.

On the backside, nonetheless, MUMU enjoys stable help provided by the horizontal line at $0.000004761. The outlook reveals a falling wedge sample, and as this technical formation fills up, the MUMU worth could also be due for a breakout.

For the layperson, a falling wedge sample is a bullish chart sample characterised by a sequence of decrease highs and decrease lows converging right into a wedge form. This sample suggests a possible reversal of the present downtrend, as the worth consolidates inside the narrowing vary earlier than finally breaking out to the upside.

When this sample happens in cryptocurrency charts, it usually alerts a doable bullish reversal, indicating that promoting stress is diminishing and consumers might begin to take management. Merchants and traders might search for a breakout above the higher trendline of the falling wedge sample as a possible entry level for an extended place.

Mumu The Bull Worth Outlook As Altcoins Varieties A Bullish Reversal Sample

The Mumu the Bull worth is sort of filling up a falling wedge sample, and will report a bullish breakout quickly, supported by a number of bullish technical indicators. To start with, the Relative Power Index (RSI) is recording larger highs, displaying momentum is rising.

The Superior Oscillator (AO) and the Transferring Common Convergence Divergence (MACD), which present inexperienced histogram bars of their respective constructive territories, reinforce the bullish outlook. Additionally, notice that the MACD is above the sign line, suggesting an incoming bullish cycle.

If the MUMU worth breaks above the descending trendline of the chart sample, the following key degree to look at could be $0.00001442. Past right here, the following logical goal for the MUMU worth could be the $0.00002112 or larger, $0.00002762. In a extremely bullish case, the good points might ship the token’s worth above the $0.00003000 psychological degree.

The possible play over the following few hours and days could be a consolidation to replenish the triangle, earlier than a closing retest of the $0.000004761 help after which the MUMU worth might breakout.

TradingView: MUMU/USDT 12-hour chart

Alternatively, a rejection from the descending trendline adopted by the bottom failing to carry as a help degree might see the MUMU worth descend to the vary low at $0.000001085. This is able to represent a 50% drop beneath present ranges.

Whereas the MUMU worth readies for a breakout, traders can even take into account as a substitute Sponge V2, a 2.0 meme coin with a 100X observe report.

Promising Different To MUMU

Sponge V2 is a brand new meme coin that goals to copy the 100x good points of its predecessor, Sponge V1, in a bear market final yr.

Among the many drivers for that meteoric rise had been the listings on greater than ten famend exchanges, together with MEXC, LBank, Poloniex, and Gate.io.

Whereas Sponge V2 maintains the interesting viral meme coin side of its earlier iteration, the second model introduces new options and token utility, doubtlessly leading to sustained demand over the long term.

Holders can now stake their tokens for an annual yield of 164% on Ethereum and $345% on Polygon. Thus far, upwards of 9.859 billion SPONGE tokens have already been staked.

The Sponge V2 workforce can be growing a singular play-to-earn (P2E) recreation. Gamers can earn $SPONGEV2 tokens by collaborating within the recreation and reaching excessive rankings on the leaderboard.

The sport gives each free and paid variations, permitting customers to play for enjoyable or use Sponge V2 tokens to buy recreation credit for added passive earnings.

Do not forget, #SPONGERS! 🧽💦#SpongeV2 is bringing thrilling utility via our upcoming #P2E recreation! 🔥

Get able to earn $SPONGE tokens by taking part in the sport and rating on the leaderboard.

Keep tuned for more information! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1

— $SPONGE (@spongeoneth) March 22, 2024

Traders who missed Sponge V1’s explosive good points final yr can nonetheless seize the chance to put money into Sponge V2 earlier than it launches quickly on main exchanges.

Go to and purchase Sponge V2 right here.

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