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Will Animecoin Keep Climbing After Breaking Above $0.034?
Animecoin, a cryptocurrency set for the manga, has reported a positive action in recent sessions. ANIME offers a channel for fans to interact, and support their best characters. Additionally, it mixes crypto and anime, planning to make a decentralized place where fans can interact.
Tracking the trend, ANIME opened its day with a price of $0.03405 during the Asian trading session. During its market performance, the cryptocurrency reported a low of $0.03233 and a high of $0.03467 before a slight decline to its current levels.
A deeper view of its performance as of press time by CoinMarketCap data indicates that Animecoin (ANIME) trades at $0.03407, showing a 5.08% increase over the last 24 hours. Its market capitalization reached $188.75 million, rising at the same 5.08% daily growth rate as the 24-hour trading volume surged 44.92%, totaling $179.06 million during this period.
ANIME Technical Analysis: MACD and RSI Indicators
After a prolonged consolidation, Animecoin has started to invite bulls in its price trend. A 4H TradingView chart indicates that the MACD indicator shows bullish momentum with the MACD line at 0.00221 above the signal line at 0.00181.This crossover suggests increasing buying pressure as the histogram turns positive.
The recent price action shows steady upward movement, with higher lows forming since late May. A continued RSI above 70 may lead to temporary pullbacks before potential continuation. MACD and RSI together indicate bullish sentiment, though the overbought status warrants caution. Traders may anticipate short-term volatility while the broader trend remains upward if momentum sustains.
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