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Wise Monkey’s price soared 41% in the past 24 hours to trade at $0.00002173 as of 4:45 a.m. EST on trading volume that soared 113% to $48.16 million.
The project’s token, MONKY, went live on December 12, as announced in an article on X.
Since then, the project has seen a few listings on major exchanges including PancakeSwap, KuCoin, MEXC, Gate.io, BitMart, CoinEX, and more. As for its price, it had a rather disappointing performance last week. The token first hit resistance at $0.000030, which was later followed by a sharp correction to $0.000012.
The project reached its lowest level at $0.00001179 on December 15. However, Bitcoin’s price surge to $107,000 brought a new positive trend to the market, and MONKY quickly followed, climbing to $0.00002173.
This isn’t even close to its ATH of $0.00003281 recorded a week ago, immediately after the project’s launch, but it generally shows major progress in the right direction.
Wise Monkey Price Prediction
Following several attempts to cross the resistance at $0.000020 over the last five hours, Wise Monkey saw its price undergo a strong correction which brought it back to $0.00001952. The decline was rather sharp and occurred in a very short period of time.
The project was showing signs of growth, with its Bollinger bands widening with each passing hour, as the price continued to push the upper band higher. It has still seen small fluctuations, but it generally drops only slightly, not even reaching the midpoint between the two bands.
Then it suddenly fell below the midpoint, but it stopped its descent shortly after, before even approaching the lower band. This was likely the result of a large sell-off, perhaps caused by a large sell order from a whale, or a sudden but short-lived sell-off.
The project’s Relative Strength Index (RSI) measurement also shows strong swings over the past 18 hours, with the RSI constantly fluctuating between the overbought zone at 70 and the neutral zone at 50. This suggests that traders would increase the price until the RSI climbed to the overbought zone, which was followed by an immediate change in trend, where traders sold until the RSI fell to the neutral zone, only to start buying again .
This is a consistent trend that remained unchanged for the last 18 hours, as mentioned, until the RSI suddenly fell below the value of 50, which also caused a sharp price drop .
Promising alternative to Wise Monkey
As MONKY appears its price is poised to begin a recovery after its sharp decline, many are turning to a new alternative with high potential called Crypto All-Stars (STARS).
This is a coin project whose presale is expected to end in less than 2 days, making this the last chance to purchase STARS at the ICO price of $0.0016782.
The project exploded thanks to its flagship product, a new type of staking platform known as MemeVault, which is the industry’s first multi-coin staking smart contract.
At the moment, this only allows users to stake STARS, but once the token goes live, the platform will allow you to stake 12 different meme coins. Besides STARS itself, this will also include Dogecoin, Pepe, Bonk, Shiba Inu, Turbo, Floki, Brett, Coq Inu, Milady, Mog Coin and Toshi The Cat.
Over time, the project will add support for even more meme coins, allowing anyone who has created a large meme coin wallet to stake all of their cryptos in one place, making the process more accessible and more practical.
This was a major selling point for the project’s ICO, and is the reason it raised over $21.5 million. With just two days to go, there has been a significant influx of investment, including whales.
A major crypto influencer on YouTube named ClayBro, who has over 134,000 subscribers, claims that STARS could be the next 10x crypto.
Visit Crypto All-Stars.
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