The Minu price soared 46% in the last 24 hours to trade for $0.0000002658 as of 01:48 a.m. EST on trading volume that slumped 28%.
I knew $MINU will never disappoint!!!. Surged 44%. pic.twitter.com/jkM7hikvSX
— Nqobile Muleya (@nqomuleya) July 9, 2024
With this surge, the altcoin is trending on CoinMarketCap alongside Bitcoin (BTC), Pepe (PEPE), and Notcoin (NOT).
Minu is now trending on CoinMarketCap along with #Bitcoin, #Notcoin and #PEPE 👀https://t.co/8dA5L9nFIv
👉That's nothing, we have more to bring! Share this everywhere and let's MOON! #Minu #Trending #CoinMarketCap pic.twitter.com/NHiGN2ZpjM
— Minu (@minu_coin) July 8, 2024
Minu Price Prediction
The Minu price is attempting a reversal after a steep downtrend. Despite the 46% bump on Tuesday, the bearish bias still abounds with the meme coin consolidating along the trendline of the Fibonacci indicator.
The Relative Strength Index (RSI) is also subdued below the mean level of 50 with defined lower highs. The position of the Moving Average Convergence Divergence (MACD) below the signal line (orange band) in a clear negative position accentuates the bearish thesis.
Taken together, the subdued RSI below 50 with lower highs and the MACD below the signal line indicate a clear bearish thesis for MINU. This combination of indicators suggests that there is strong selling pressure in the market, than there is buying pressure. With this, the Minu price may experience further declines.
Based on the current outlook, therefore, the Minu price is likely to drop to retest the bottom of the market range at $0.0000000901.
GeckoTerminal: MINU/USD 1-day chart
On the other hand, if the bulls have their way, enhanced buyer momentum could see the Minu price push north. A stable candlestick close above the 78.6% Fibonacci retracement level of $0.0000004255 would encourage more buy orders.
Nevertheless, MINU would only become attractive to buy once the price breaks and closes above the 38.2% Fibonacci retracement level of $0.0000010587. This would effectively mean an escape above the foothold of the Fibonacci Golden Zone.
Meanwhile, some investors are pivoting to PlayDoge (PLAY), a new Dogecoin derivative that crypto YouTuber Jacob Bury says could be the next 10X potential meme coin.
Promising Alternative To Minu
PLAY is the powering token for the PlayDoge ecosystem. The project, which advertises itself as the best play-to-earn (P2E) DOGE companion game, is a mobile-based P2E game that transforms the iconic Doge meme into a Tamagotchi-style virtual pet.
PlayDoge brings the legendary Tamagotchi virtual pet concept into the new digital economy of crypto. Ecosystem participants play through classic 8-bit side-scrolling adventures while embracing the 90s nostalgia to earn crypto. You enjoy monetary incentive based on how well you can care for your pet.
The new Doge meme coin exploded onto the scene after raising $200,000 within minutes of the start of its presale. As it stands now, investors have already socked more than $5.5 million into the project.
The project runs on the BNB chain, delivering perks such as lower fees and faster transactions. The BNB chain is also famous for ecosystem support, interoperability, scalability, and community adoption.
PLAY tokens are priced at $0.00517 each. Interested investors should buy the token within the next 27 hours because after that the price will increase.
Visit and buy PlayDoge here.
Also Read:
How to Buy PlayDoge – $PLAY Presale Review
PlayDoge Price Prediction – PLAY Price Potential in 2024
Meme Coins Flash Crash As Pepe, Dogwifhat, And Shiba Inu Plunge Amid 8% Sector Slump
Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!
