As the price of Floki Inu retraces, investors are turning their attention to another low market cap meme coin, SPONGE.
With growing interest in early-stage investments, many are seeking ways to buy SPONGE at the early stages.
In this update, we will explore the latest trends in the meme coin market and discuss strategies for getting in on the action early.
On Saturday, FLOKI is currently trading at $0.000036, with a trading volume of $38,962,335 in the last 24 hours.
The coin has experienced a 4.41% increase during this period. It holds the #97 ranking on CoinMarketCap, with a market cap of $352,401,351.
The circulating supply of FLOKI coins is 9,711,320,295,163, while the maximum supply is 20,000,000,000,000.
In terms of technical analysis, FLOKI is likely to encounter immediate resistance around the $0.000038 level, which aligns with the previous high established on May 10th.
On the 4-hour timeframe, there is a supportive trend line at around $0.000033.
A bullish breakout above this level could propel FLOKI toward the next target at $0.000042.
The RSI and MACD, two prominent technical indicators, are currently in a buying zone, indicating the potential for further upward movement above $0.000033.
However, in the event that the price breaks below $0.000033, the next support level to watch for is at $0.000028.
In recent times, there has been a notable surge in interest surrounding SPONGE, a meme coin with a low market capitalization.
This rising curiosity has captured the attention of investors looking for early investment opportunities.
As the popularity of meme coins continues to grow, SPONGE has gained traction among those seeking potential gains in the cryptocurrency market.
The current price of Sponge is $0.000573, with
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