Minu Price Prediction: MINU Plunges 27% As Traders Move Into This Meme Coin That Analysts Say Could Outperform DOGE, SHIB, and BONK.

adminFebruary 25, 2024

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Minu price plunged 27% in the last 24 hours. Traded for $0.0000008437 As of 6:14 a.m. EST, trading volume was down 18% to $2.7 million.

This is the MINU team Major centralized exchanges Expands the token’s trading options, potentially increasing exposure and liquidity. Minu is the first mined coin on Binance Smart Chain.

$MY Ranked in the top 10 most popular and most visited tokens on CoinMarketCap! https://t.co/8dA5L9n7SXhttps://t.co/sjdpb8Tavt
👉Our team is currently in communication with one of the largest centralized exchanges to expand trading. $MY To a bigger market!… pic.twitter.com/mHU1kflUnF
— Mine (@minu_coin) February 23, 2024

Additionally, the team is continuing its marketing efforts and has plans for further integrations. Their goal is for MINU to rank among the top 500 cryptocurrencies. Could such a move boost the price to compete with other dogcoins like SHIB and DOGE?

Minu Price Set for Rebound Against Falling Wedge

Minu price chart analysis source: Geckoterminal.com — MINUUSD chart analysis source: Geckoterminal.com

Minu price has been on an upward trajectory since a week ago as bulls showed resilience. This allowed the bulls to drive the price out of the consolidation phase around $0.00000045. However, the bulls faced a slight rejection at $0.0000015, which allowed the price to retrace its steps within the descending wedge, allowing the bears to take some control.

MINU is currently trading below its 50-day simple moving average (SMA), which is consistent with its current downtrend. However, the downtrend is unlikely to last long as the price is currently trading above the 200-day SMA.

The Relative Strength Index (RSI) is currently in a downward trend, moving towards oversold levels. This means that selling pressure is strong.

my MACD my MACD

The moving average convergence divergence is currently below the 0 line, which coincides with the plunge in MINU price. However, the price is expected to reverse, as evidenced by the movement of the red bar approaching the neutral level.

Minu price prediction

Minu’s short-term price analysis indicates that a bullish reversal is approaching, highlighted by the development of a falling wedge pattern. Bulls try to use this opportunity to push prices higher. Their immediate goal is to break the resistance level of $0.0000010 and target the subsequent resistance level of $0.0000015.

However, if the bears apply more pressure, the price may move lower towards the important support of $0.000005410, in line with the 200-day SMA.

Investors are busy buying and staking Sponge V2 tokens as the Minu price rally looks for more entry points for a reversal. Analysts say the Sponge V2 token is emerging as a potential competitive threat to the likes of giant meme coins DOGE, SHIB and BONK.

Buy Sponge V2 with 100x potential profits

Sponge V2 We are preparing to list on more major exchanges with the goal of improving upon our excellent predecessor, Sponge V1. If you missed the 100x surge that Sponge investors saw last year, now is your chance with Sponge V2.

Warning: not enough $sponge Can lead to extreme situations #FOMO 😍#SpongeV2 #Cryptocurrency #memecoin #altcoin #web3 #AltSeason pic.twitter.com/nvfxVZVC0E
— $SPONGE (@spongeoneth) February 18, 2024

The team discontinued Sponge V1 earlier this month, allowing it to transition its more than 13,000 holders to the more secure and cost-effective V2 on the Polygon network.

📣 Caution, #Sponger!
Here is some important information to remember: $sponge V2!$sponge V1 is officially discontinued and V2 has been released. #polygon! 🔥
Learn more about token details below 👇https://t.co/TCdxgXx40w
🧵1/3 pic.twitter.com/YZzXOlKmHY
— $SPONGE (@spongeoneth) February 6, 2024

The conversion was successful because the price of $SPONGE V2 has already reached $0.001120. This is a 4,480% increase over the V1 launch price of $0.000025.

$SPONGE V2 Stake, 893% Annual Reward

After seamlessly transitioning to Polygon Network, you can now: Buy and Stake Sponge V2 Tokens, which earned an impressive Annual Percentage Yield (APY) of 893%. In addition, we are planning to release P2E (Play-to-Earn) games. sponge Racer, You will receive token rewards.

Don’t forget what’s coming #SpongeV2 Play-to-Earn game! 🙌
Stay tuned for updates. 🧽$sponge #Cryptocurrency #altcoin #100x #web3 #AltSeason #Binance pic.twitter.com/Z51MSmKqVF
— $SPONGE (@spongeoneth) February 21, 2024

According to prominent YouTuber Jacob Bury, Sponge V2, like its predecessor, is likely to see a 100-fold surge upon re-release.

To participate in the presale, visit: Sponge V2 official website Connect your digital wallet to exchange ETH or USDT for V2 tokens. You can also make direct purchases using your bank card.