Gummy Price Prediction: GUMMY Soars 27% as Solana’s Rival Announces Massive Airdrop.

adminApril 23, 2024

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Spider prices have surged 27% in the last 24 hours. Traded for $0.17 As of 2:36 a.m. EST, trading volume had increased 11% to $82 million.

This comes as the project prepares to list on several exchanges set to increase the token’s visibility in the cryptocurrency space.

Two exchange listings have been signed and sealed.
There are 2 left. pic.twitter.com/ACzx7ouziI
– GUMMY (@gummyonsolana) April 23, 2024

Spider Price Soars Above Bullish Pennant

Gumi price chart analysis Source: Geckoterminal.com — GUMMYUSD chart analysis Source: Geckoterminal.com

The price of the spider continues to rise rapidly, rising 345% from the time of launch. During the markup phase, the price rose to around $0.14 resistance before falling back to $0.14 support. This support allowed GUMMY to soar to an all-time high (ATH) of $0.227.

The price fell back to support near $0.14, which allowed the bulls to push the price as they attempted to cross the upper boundary of the bullish pennant pattern.

Additionally, GUMMY is trading above its 50-day simple moving average (SMA), which shows that the price is poised for further price rally above the pennant.

The Relative Strength Index (RSI) is currently trading above the 55 to 50 mid-line as it moves north, indicating strong buying pressure. As the bulls maintain their bullish momentum, RSI could soar to the 70 overbought area. This is a sign of continued investor optimism about pushing prices further.

Moreover, the Average Directional Index (ADX) is at the 38 level and is trading higher than the 25 level. This shows that GUMMY is currently in a very strong bullish trend.

Gumi price prediction

The spider’s bullish momentum continues as the price rebounds from the lower border of the pennant and heads towards the upper border. Additionally, movements in key indicators such as RSI and ADX indicate that investors are entering the market.

This encouragement could potentially see a GUMMY trend with a bullish rally to the next target of $0.277.

However, if weakness puts pressure on the price, GUMMY could support around $0.14, which is in line with its 50-day SMA. The same level can act as a cushion against downward pressure and provide stable support to the bulls, pushing the price higher.

As the price of Gummy soars, investors may also consider diversifying their portfolios by adding Solana-based meme coin Smog, which begins paying holders to qualify for a large airdrop.

SMOG: What is the best 100X coin you can buy right now?

Solana meme coin is on the rise as the network continues to be rated as one of the best blockchains in the meme coin sector. latest player, smoghas been on the rise since its launch and completed its first exchange listing on MEXC on April 3.

We are pleased to announce the following: @SMOGToken Kickstarter has ended $smog will be listed on #Mexico!
🔹Deposit: Open
🔹Innovation Zone SMOG/USDT Trading: 2024-04-04 09:00 (UTC)
Details: https://t.co/3ecyvrTv2n pic.twitter.com/kvgoFiYOib
– MEXC (@MEXC_Official) April 4, 2024

This listing coincided with the end of Airdrop Season 1, which promised to be ‘the best in history’.

one #memecoin To rule them all! 🚀
Get ready for the best moment #airdrop Distributed in History #Solana. 💰
join #smog From Jilly! 🔥
Profile link 🔗 pic.twitter.com/vsn4p5cSF4
— Smog (@SMOGToken) February 8, 2024

During the first airdrop season, Smog rewarded over 11 million successfully completed quests. In Season 1, $SMOG token holders who participated in Zealy’s project questboard were rewarded.

They earned these rewards by completing daily quests and community tasks, which in turn earned them XP.

Smog’s Season 1 airdrop distribution began on Friday, April 19th and concluded by mid-afternoon on Saturday, April 20th.

Airdrop Season 2 is currently underway and is based on on-chain activity and transactions.

Investors can also earn passively by: $SMOG Staking This token has an Annual Yield (APY) of 42%.

Buy or Stake ERC-20 $smog #token Through our platform. 💰🐉
Staked tokens are securely locked for 90 days and rewards available for withdrawal at your convenience. 🔒💸
All tokens purchased through our service are automatically staked. 🔄
🔗https://t.co/8dPFpww1Ub
— Smog (@SMOGToken) February 22, 2024

According to 99Bitcoins, a cryptocurrency YouTube channel with over 700,000 subscribers, Smog has massive upside potential and could become the next meme coin by 100x.