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Is Animecoin (ANIME) Making a Comeback as Token Exhibits 27% Surge Post Previous Bearish Trend?
Over the past few hours, the crypto market has begun to show mild recovery signs after a bearish lean in the last 24 hours. Bitcoin is progressing slowly towards its $86K resistance, raising speculations amid investors for a potential resurfacing above $88,000. Meanwhile, global tariff discussions have been reinitiated over the past few days
Notably, within the altcoin sector, significant members like Ethereum and Solana have begun to show upward movements, after weeks of dormancy. One other altcoin that showed significant growth is Animecoin. The digital asset shows a 27.46% surge in its daily price chart, thus catching market attention
In the evening hours of April 14, the altcoin was trading at a low of $0.01581. However, as bullish candles sparked, it has risen to current trading levels at the $0.020 level. With prices increasing exponentially, at the time of writing, ANIME was trading at $0.02006 as per CMC data
Zooming out onto its weekly price chart, Animecoin shows a significant 54.32% increase. This increase is mostly concentrated on the past day’s significant surge, although there were modest upward movements throughout the week
Will Animecoin Hit $0.01 Soon?
On analyzing the altcoin’s technical indicators its Moving Average Convergence Divergence (MACD) signal line stands way above the MACD line. This indicates the existence of an overall bearish trend. However, the RSI value stands at a high of 71.80 as per TradingView data
In such a case ANIME might face resistance at $0.02919 and $0.04128. Meanwhile another altcoin, Kaspa, has shown similar price movements in the last 24 hours
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