Pangolin Price Prediction: PNG Token Goes Parabolic with 241% Pump, Analysts Say This New Top 20 Meme Coin Could Be the Best Cryptocurrency to Buy Right Now.

adminFebruary 25, 2024

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Pangolin prices have surged 241% in the last 24 hours. Traded for $0.3429 As of 7:40 PM ET, trading volume had surged 248% to $69 million.

Pangolin price surpasses integrated channel.

pangolin price

PNGUSDT analysis by Tradingview

Pangolin price broke above the long-term consolidation channel between $0.05985 and $0.1660 as the bulls found anchor support that could push the price towards $0.4886 resistance. However, sellers quickly took profits and PNG fell to the $0.2214 level, approaching the upper boundary of the consolidation channel.

Despite facing resistance at $0.4886, the bulls showed resilience, regaining control near the $0.2214 area and rebounding in a continued bullish trend, allowing the price to move above the $0.2726 resistance.

The price is currently trading above the 50-day and 200-day simple moving averages (SMAs), indicating strong bullish momentum. The convergence of these moving averages adds weight to positive trends.

The Relative Strength Index (RSI) has bounced from the 50 midline and is currently bullish at 92 in overbought territory. This indicates strong buying pressure on pangolin prices and supports continued upward momentum.

Pangolin Price Forecast

Pangol price continues its bullish rally and is poised to show convergence of moving averages and bullish RSI. The support zone at $0.2214 caused the price to bounce back, allowing bulls to easily recover the previous high of $.04886 (potentially 55% more than the current price).

However, the bears could take advantage of the current resistance level to trigger a further correction below the $0.2214 support zone, pushing the bulls back towards the $0.1660 support level.

As Pangolin price attempts to overcome another major resistance level, many analysts and investors are shifting their focus to the new Solana meme coin, Smog. Smog has entered the top 20 meme coin rankings in a short period of time and already has a market capitalization of around $46 million.

The new Solana Meme coin made it into the top 20.

After debuting in Jupiter DEX, smog Investor interest has grown as Solana giants BONK, WIF and MYRO challenge for supremacy. The goal is clear and captured in the slogan.”One meme coin can rule them all.”

Much of the excitement about Smog comes from its promise to launch the “greatest airdrop of all time” and surpass the $700 million Jupiter airdrop from Solana.

Although specific details about the event have not been revealed, the project’s token economics show that 35% of the total 1.4 billion token supply has been allocated for airdrop purposes.

The traditional Chinese Lantern Festival, which follows the Lunar New Year, marks the end of two weeks of Year of the Dragon celebrations, with social consumption still operating at a high level and consumer enthusiasm expected to spread further after the holiday. Experts say the country’s… pic.twitter.com/LxSiIKlags
— Global Times (@globaltimesnews) February 23, 2024

Buy SMOG now and receive the largest airdrop in history

To qualify for this airdrop, investors must purchase and hold tokens in their wallet. You can also get a 10% discount if you purchase from the Smog website.

Additionally, Smog deployed a unique approach where instead of simply distributing tokens randomly to token holders, participants must earn their share by completing quests outlined in Smog’s Zealy campaign to be rewarded with XP points.

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

These quests range from following Smog’s Twitter account to engaging with specific tweets on platforms like Binance. Currently, the Zealy campaign boasts a community of over 10,000 airdrop participants actively participating in various quests, with over 400,000 completed.

Additionally, investors who are Bonk, Dogwifhat, Myro and Samoyedcoin memecoin holders are already receiving daily distributions of $1,500 worth of SMOG tokens.

Investors can also earn passive income through: Smog’s Staking ProtocolThis provides an impressive Annual Percentage Yield (APY) of 42%.

According to cryptocurrency analyst and YouTuber Jacob Bury, Smog has the potential to skyrocket 100x upon launch.