The Hege price surged 35% in the last 24 hours to trade at $0.03773 as of 3.35 a.m. EST on trading volume that skyrocketed 49% to $5.17 million.
HEGE has seen consistent growth over the last seven days, and it often traded against the market. The token surged over $250% in the last week, with its price going from $0.01085 to the resistance at $0.040. It spent the better part of this week trying to breach the resistance at $0.030, but the surge in the last 24 hours allowed it not only to do it, but to reach the next mark at $0.040.
20,000 Hegends!
Here's to many more 🍻$HEGE pic.twitter.com/sYVSNyufxb
— $HEGE (@HegeCoin) November 26, 2024
The project announced on November 26 that it had reached 20,000 holders — a figure that has likely increased since then. Furthermore, as its price reached the $0.040 mark, the project’s market cap hit $40 million, which is another big milestone.
Of course, a small price decline since then also resulted in the market cap dropping slightly to $38.34 million as of the time of writing, but it is still 36% higher than yesterday, and only a small setback.
Hege Price Prediction
Over the last several days, the Hege price kept a rather consistent climb, with its Bollinger bands increasing steadily. The price mostly kept fluctuating between the upper band and the middle point between the two lines until six hours prior to the time of writing, when it dropped from the upper band to the lower one.
This was the moment when the price got rejected by a resistance at $0.040, causing it to drop to $0.036. However, the popular new token already started to recover, and right now, the price has returned to the middle level between the bands and will likely continue its climb back to the upper band.
In other words, both the expansion of the Bollinger bands and the price recovery are bullish signals which suggest that the token might retest the resistance at $0.040.
The project’s Relative Strength Index mirrors this as well, showing that the traders were quite optimistic about the token in the last several days. The RSI value has fluctuated between the overbought zone and the neutral area repeatedly, mirroring the price’s fluctuations between the upper band and the middle line.
It was only a few hours ago that a larger sell-off took place, causing the RSI to drop to the value of 30 — the start of the oversold zone. However, as soon as it touched this level, the traders reacted, buying the dip and causing the RSI to surge back up to the neutral value of 50 and beyond.
Right now, traders are rapidly buying and pushing the token’s price up, which might allow it to breach the resistance at $0.040 and continue its ascent in the hours to come. However, as it approaches the overbought zone, it is also possible that a correction will take place, depending on the state of the market sentiment at the time and the strength that the bulls manage to amass.
Promising Alternative To Hege
While Hege is certainly one of the most promising tokens right now, there is a cryptocurrency that might prove to be an even better opportunity, called Pepe Unchained (PEPU). This is the industry’s newest Pepe alternative, and the first Pepe-based crypto to have its own blockchain.
This is a very important distinction, as it will allow PEPU to offer everything that PEPE and its other variants cannot — fast transactions, low fees, high scalability, and an entire Pepe-based ecosystem featuring a native DEX, block explorer, and much more.
With speed and low fees on its side, Pepe Unchained could become the first Pepe token to see regular use in everyday payments, which grants it massive potential.
Some even speculate that it could replace Pepe, which currently reigns as the third-largest meme coin by market cap. Even experts such as crypto YouTuber ClayBro, who has over 132k subscribers, believe that PEPU could be a big winner with 100x potential.
Best of all, the upcoming meme coin is still in presale which ended up being the largest ICO of the year, and likely one of the largest in crypto history. So far, it raised over $56 million, and it continues to add several million a day to its total amount raised, suggesting that retail investors and whales alike are doubling down on it.
The main thing to note is that the ICO is rapidly approaching its end, with only 15 days remaining before its conclusion. Given the massive demand it has seen, many speculate that its price will skyrocket after going live, which makes buying it now, while its token still sells for only $0.01295, a priority for opportunity seekers.
Visit PEPU official website.
Related Articles:
Pepe Unchained Set to Launch in 28 Days
5 Must-Have Meme Coins To Invest In Today
10+ Best Meme Coins to Buy (2024 Guide)
