Crypto Gloom

Samoyedcoin Price Prediction: SAMO Soars 16%, But Analysts Say They Consider This Soaring Pre-Sale for 100x Profits.

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By Crypto Gloom

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Samoyedcoin price is up 16% in the last 24 hours, trading at $0.011314 as of 12:50 AM ET.

This comes as SAMO attempts to recover after a long-term downward trend, with investors reacting to the latest roadmap shared by the X Network.

According to the outlook of the Relative Strength Index (RSI), the Samoyedcoin price may record further losses in the future. With the RSI hinting at a drop in momentum, it could potentially move lower to a level testing the important support at $0.010685.

If the RSI continues south, it could soon hit a bearish crossover with the signal line (yellow band). An RSI crossing below this band is interpreted as a sell signal, while a crossing above it is considered a buy signal.

This comes amidst growing indirect pressure, seen as the 50-day SMA and 200-day SMA converging at the $0.012696 and $0.012787 levels, respectively. The 100-day SMA is also southward, indicating that the south is the path of least resistance.

Bears have the upper hand as both the Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD) indicators are in negative territory. In a serious situation, the price of Samoyedcoin may continue its downtrend, turning important support levels into resistance levels before extending the leg towards the $0.005000 psychological level.

Samoyed CoinSamoyed Coin

TradingView: SAMO/USDT 8-hour chart

converse case

On the other hand, there is a possibility that the Samoyedcoin price will find an inflection point around the important support line at the $0.010685 level. This has already happened four times in 2024 as investors seized the opportunity to buy the dip.

This will see Samoyedcoin price clearing the resistance confluence between the 50-day SMA and 200-day SMA before facing the 100-day SMA at $0.014174. Beyond this level of supplier congestion, we will see SAMO price competing with the supply zone, expanding between $0.017100 and $0.019380.

However, to confirm the continuation of the uptrend, Samoyedcoin price needs to record a candlestick close of $0.018276 above the midline of the supply area for 8 hours. If very bullish, the price could turn this supply zone into a bullish breaker before targeting the next supply zone between $0.023356 and $0.026900 to extend profits. Once again, the continuation of the trend is confirmed by breaking and closing the $0.025193 midline of this 8-hour order block.

Meanwhile, analysts are generating investor interest in Sponge V2, a strong contender in the meme coin space that some say has 100x the potential at launch.


A promising alternative to Samoyedcoin

Sponge V2 is a record-breaking meme coin pre-sale despite the decline. Analysts say this is one of the best meme coins with the potential to earn exponential profits. Sponge V2 is also one of the top three pre-sale products to buy in 2024.

Taking the stage as the latest meme coin sensation, Sponge V2 builds on its predecessor, Sponge V1, which made headlines with a 100x return during the May 2023 season. Sponge V1 will also be listed on major exchanges in 2023.

Sponge V2, an upgraded version, inherits the achievements of Sponge V1. It also provides better features and increased value to token holders.

With the bar set this high, the imminent listing of Sponge V2 led to a 14% increase in the market value of the meme coin on January 19, breaking the bearish sentiment seen for most meme coins. Sponge prices have soared more than 1,195% in the past year.

With Sponge V2 poised to outperform Sponge V1, enlightened investors are already showing their support. Traders, attracted by the project’s new features and benefits for token holders, are looking to take advantage of the new avenue. This includes exploring iconic locations, navigating thrilling obstacle courses, and unlocking potentially lucrative rewards.

The project introduces a unique token distribution method called Stake-to-Bridge. Here, users stake their old tokens for the new version.

The staking feature has already received huge support with over 5.624 billion tokens staked. Holders enjoy an impressive Annual Percentage Yield (APY) of over 287%.

Spong V2 SteakSpong V2 Steak

New entrants to the Sponge V2 ecosystem can earn tokens through the website using ETH, USDT, or credit cards.

For more information, see our guide to the best staking platforms or visit the Sponge V2 website here.

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