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The Mother Iggy price is up 9% in the last 24 hours to trade at $0.1655 as of 7:30 a.m. EST on an 88% increase in trading volume to $81 million.
The increase comes after Iggy Azalea announced that holders of the $MOTHER token will soon be able to use it to buy mobile phones and monthly subscriptions as she relaunches her co-founded telecommunications company.
MOTHER is a meme coin launched by Iggy Azalea on the Solana blockchain. It has skyrocketed 912% in the past two weeks, pushing its market cap to $260 million.
NEW: SOLANA MEMECOIN $MOTHER (@IGGY AZALEA) RECREIMATES a market cap of $200 million pic.twitter.com/ELIJeloKAD
— DEGEN NEWS (@DegenerateNews) June 12, 2024
Mother Iggy Price bounces back on a lower trendline of the bullish pennant
The Mother Iggy price indicates an uptrend, from a support level of $0.01247 to a resistance level of $0.2497. However, the bulls have encountered some resistance, allowing the bears to push the price down a bit. This back-and-forth movement has formed a bullish pennant, a pattern that traders often look to as a signal of an ongoing bullish trend.
MOTHERUSD analysis (source: Dextools.io)
The price is trading above the 50 and 21 simple moving averages, indicating positive momentum. Additionally, the moving average cross could catapult prices above the pennant, leading to a new all-time high for the EMA price.
Despite being in a downtrend, the Relative Strength Index (RSI) is still trading above the 50 midline level, indicating that the RSI has a chance to return to the 70 overbought level.
The Moving Average Convergence Divergence (MACD) indicator also supports this bullish outlook, with the blue average line crossing the signal line above the neutral level. The green bars in the histogram also reinforce confidence in a potential price increase.
Mother Iggy Price Bulls ready for a bull rally
The bullish pennant pattern strengthens the bullish momentum and pushes the price to an all-time high of $0.2498. Moreover, the 50 SMA could help the bulls push the price above the pennant as the bulls aim for a new all-time high at $0.3455.
However, if the bears continue the correction, they could send the price below the 50 SMA to the $0.1296 support level below the lower bound of the bullish pennant. Continued downside pressure could cause a further decline towards $0.0717.
WienerAI Meme Coin Presale Rises to $6 Million
As the MOTHER price continues to rise, investors are rushing to buy the new dog-themed meme coin WienerAI (WAI), which has raised more than $5.6 million in pre-sales.
We are an unstoppable Army of Sausages!! 🌭🌭🌭
An incredible $5.5 million raised in just days and no sign of slowing down 😮💨 pic.twitter.com/q2R7xqLE02
— WienerAI (@WienerDogAI) June 12, 2024
WienerAI is planning a unique trading bot that combines the best of dog-themed fun, sausages and advanced AI technology.
The project will provide advanced predictive features and a user-friendly interface that will help holders discover promising opportunities in the crypto market. Simply ask WienerAI to find the next top trade, and it will perform a market analysis to increase your trading success.
More than just a bot: WienerAI is your ultimate crypto trading partner.
We’re excited to share some sneak peeks with our incredible and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
Moreover, you can effortlessly exchange assets on decentralized exchanges without worrying about MEV (Miner Extractable Value) and benefit from free trades.
Once a trade is made, you can easily track your positions and your trading history with the easy-to-use user interface.
WienerAI is about to blow your mind. Stay tuned for more sneak peeks as we get closer to launch! (4/4) pic.twitter.com/cK5oKLcQ5G
— WienerAI (@WienerDogAI) June 11, 2024
With 20% of the token supply specifically allocated for staking, investors who own WAI tokens can earn an impressive 200% annual return.
ClayBro, a well-known analyst and YouTuber with 130,000 subscribers, believes WienerAI has “excellent potential” and says he bought it himself.
WAI tokens cost $0.000718 each.
Buy WAI here with ETH, BNB, USDT or a bank card before a price increase in about two days.
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