The Smog price has skyrocketed more than 477% in the last month to trade at $0.281 as of 8:05 a.m. EST as investors scoop up as much of the Solana meme coin as possible.
Meanwhile, other Solana meme coins such as Dogwifhat (WIF) and Bonk (BONK) saw their prices fall in the last 24 hours. CoinMarketCap data shows that BONK registered a 12% 24-hour loss, while WIF saw its price drop more than 9% over the past day.
The Smog Price Attempts To Break Resistance
4-hour chart for SMOG/USDT (Source: TradingView)
The Smog price is attempting to overcome the resistance level at $0.2862. Should the crypto close a 4-hour candle above this threshold in the next 24 hours, then it may have the foundation needed to keep rising in the short term.
However, a rejection from the $0.2862 may expose the crypto to the risk of correcting down to the immediate support level at $0.2134 in the following 48 hours. Continued sell pressure at this point could then drag the Smog price all the way down to $0.1597 in the short term.
Technical Indicators Suggest The Smog Price May Keep Climbing
Technical indicators on SMOG’s 4-hour chart suggest any potential correction in the meme coin’s price may be a liquidity building move before another leg up. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bullish on the 4-hour chart, suggesting the crypto’s price may continue to rise in the coming days.
The MACD line is breaking away above the MACD Signal line. Traders generally see this as a sign that a crypto is in a bullish trend. The increasing gap between the two lines may signal that SMOG’s bullish trend is growing stronger as well.
In addition to this, the RSI indicator shows that the Smog price has a lot of bullish strength, as the RSI is above 50. Although the current reading of 77 may suggest the crypto is overbought, potentially leading to a correction, it is not unusual for a crypto to remain overbought for extended periods of time when it is pumping.
While the Smog price looks set to keep rising in the short term, investors are scrambling to buy into Scotty the AI, as its presale races towards $4 million.
A Meme Coin Taking Cyber Criminals Head On
Scotty the AI is an AI-powered meme coin that aims to protect investors in the expanding digital asset realm. With its sophisticated AI models, it is able to analyze countless lines of code to identify any potential security threats or software bugs that may lead to a loss of funds for unsuspecting investors.
The crypto community already has two cutting edge AI tools at its disposal within the Scotty the AI ecosystem. First is the project’s flagship offering, an AI-powered decentralized exchange (DEX) called Scotty Swap.
What sets this platform apart from others is its ability to inspect the underlying code of transactions that it facilitates. Should it discover anything suspicious in the smart contracts’s code, or any other element of the swap transaction, it will send a notification to the user before executing the swap.
The second product on offer through the AI meme coin’s ecosystem is an innovative AI-powered chatbot by the name of Scotty Chat. This neat chatbot is able to act as a guide to the Web3 space, and answer any related questions users may have.
Investors Prepare For Potential 100X Returns
Investors are buying into Scotty the AI at a rapid pace, as shown by a presale that is fast-approaching the $4 million milestone. The altcoin’s clever positioning in both the vibrant meme coin sector and the booming AI crypto space may be one of the main factors that has investors excited.
There is also a lucrative staking program that offers up to 57% in annual rewards for presale investors.
🚨 ScottyTheAi # 1 memecoin of 2024
Stage 14 of public presale closing out fast.
🚀Less than $100k left. Until price increases at stage 15
⚠️looking like stage 14 will sell out days ahead of time like pervious stages.
BUY $SCOTTY presale at https://t.co/zRmy4g8hfW#memecoin… pic.twitter.com/AJShoreemf
— Scotty The Ai (@ScottyThe_Ai) March 7, 2024
All investors will need to do to gain access to these rewards is buy Scotty the AI’s native token, SCOTTY, through the project’s official website.
The token is currently selling for $0.00805 and can be bought using MATIC, BNB, ETH, USDT or bank card. However, purchases made using BNB and MATIC will not be eligible for the project’s staking rewards. Investors will want to hurry though, as SCOTTY’s price is set to increase in subsequent presale rounds.
SCOTTY can be purchased here.
Related Articles:
Best Crypto to Watch in 2024: Top 5 Cryptocurrencies with High Potential
El Salvador Earns $54 Million Profit On Bitcoin Investment As Nation’s BTC Holdings Surge Past $159 Million
Meme AI Price Prediction: MEMEAI Goes Ballistic With 176% Pump As This New AI Meme Coin Blasts Past $3 Million
New Crypto Mining Platform - Bitcoin Minetrix
Rating
Audited By Coinsult
Decentralized, Secure Cloud Mining
Earn Free Bitcoin Daily
Native Token On Presale Now - BTCMTX
Staking Rewards - Over 50% APY
Learn More
