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The Mother Iggy price surged 23% in the last 24 hours to trade at $0.07962 as of 03:16 a.m. EST on trading volume that dropped 19% to $59.6 million.
This comes as rapper Iggy Azalea donned a custom Mad Lads profile picture (PFP) as she continued to bull-tweet the meme coin during the weekend. After the increased interest, the MOTHER token token surged to an all-time high (ATH) of $0.08803 during the weekend.
Looks like Iggy Azalea changing her PFP marked a real turning point 📈📈$MOTHER is up 620% on the day to $36M and a new ATH.
Holders – you can thank the Mad Lads team pic.twitter.com/SScsf1Doym
— TylerD 🧙♂️ (@Tyler_Did_It) June 1, 2024
After hitting its ATH, MOTHER then dropped by nearly half on Sunday to the support zone around $0.044, before rebounding back to the resistance zone around $0.0880, data from GeckoTerminal shows.
The bulls are aiming to use the bullish pennant pattern to push the price to a new ATH, with the main indicators showing a strong bullish potential above the upper boundary of the pennant.
Mother Iggy Price Set To Soar Over The Bullish Pennant Pattern
The Mother Iggy price trades well above the 50-day Simple Moving Average (SMA), affirming the general bullish sentiments as it offers strong support at $0.06947.
Moreover, the Relative Strength Index (RSI) is rebounding from the oversold levels as it closes in on the overbought region, currently at 57. If investors buy more, the RSI could soar past the 70-overbought region, an indication of continued investor optimism.
The Moving Average Convergence Divergence (MACD) is also in support of bullish sentiments, as the MACD line (blue) crosses below the signal line (orange), forming a bullish crossover. A bullish crossover often encourages the bulls to increase their buying positions.
The green bars on the histogram are also beginning to form over the neutral line, showing that MOTHER is set for positive momentum. This is further supported as the Average Directional Index (ADX) trades above level 25, currently at 27, showing that there is a growing bullish trend that could push MOTHER to a new ATH.
Mother Iggy Price Prediction
The Mother Iggy price analysis shows a bullish bias, as the bulls sustain the bullish momentum within the bullish pennant pattern as they target to push MOTHER over the upper boundary of the pennant, targeting a new ATH at $0.13.
The main technical indicators show that the bulls are gearing up towards a bullish rally, as the MACD and RSI indicate that the bulls are beginning to add to their positions.
Conversely, if the bulls exert pressure at this level, MOTHER could retrace, breaching the critical support at $0.06947 and moving to the next support zone at $0.051.
As the MOTHER bulls aim for a new ATH, investors are rushing to buy the new Solana meme coin presale Sealana (SEAL), which has already garnered over $3 million in funds raised.
CryptoBoy, a prominent crypto analyst and YouTuber, says that $SEAL has the potential to surge 100X after launch.
Sealana ICO Blasts Past $3 Million – A Promising Alternative?
Sealana (SEAL) is based on a chubby seal who has taken a deep dive into the Solana Sea. Stuck at his PC and growing by the day, the character is so absorbed in the degen market that a once sleek and agile character has abandoned his gorgeous figure of his youth for a trader’s diet of chips and tuna.
New Meme Crypto ‘Sealana’ Attracts Whales As Solana Price Recovers.
#SolanaMemecoin pic.twitter.com/zqP73U7Mk3— TechStory (@TechStoryin) May 5, 2024
The project is a ”Send SOL” presale with no timer, stages, hard cap, or even a whitepaper. The presale can thus end at any time, indicating that those interested to buy shouldn’t delay for too long.
To participate in the presale, you can visit the official website to buy SEAL tokens here. One $SEAL costs $0.022.
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