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The Mother Iggy price has pumped 9% in the last 24 hours to trade at $0.1655 as of 7:30 a.m. EST on an 88% surge in trading volume to $81 million.
The surge comes after Iggy Azalea announced that holders of the $MOTHER token will soon be able to use it to buy mobile phones and monthly plans when 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, raising its market capitalization to $260 million.
NEW: SOLANA MEMECOIN $MOTHER (@IGGYAZALEA) RECLAIMS $200M MARKET CAP pic.twitter.com/ELIJeloKAD
— DEGEN NEWS (@DegenerateNews) June 12, 2024
Mother Iggy Price Rebounds On A Lower Trendline Of The Bullish Pennant
Mother Iggy price indicates an uptrend, moving from a support level of $0.01247 to a resistance level of $0.2497. However, the bulls have hit some resistance, allowing the bears to push the price down a bit. This back-and-forth movement has formed a bullish pennant, a pattern traders often look to as a signal for a continued bullish trend.
MOTHERUSD Analysis(Source: Dextools.io)
The price trades above the 50 and 21 simple moving averages, indicating positive momentum. Moreover, the moving average cross formation could catapult the prices above the pennant leading to a new all-time high for MOTHER price.
Despite being in a downward trend, the Relative Strength Index (RSI) still trades above the 50 midline level, indicating a chance for the RSI to rally back 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 up above the neutral level. The histogram green bars also reinforce confidence in a potential price increase.
Mother Iggy Price Bulls Poised For A Bull Rally
The bullish pennant pattern is boosting bullish momentum and pushing the price towards an all-time high of $0.2498. Furthermore, the 50 SMA could help the bulls push the price above the pennant as 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 boundary of the bullish pennant. Continued downward pressure may cause a further drop to $0.0717.
WienerAI Meme Coin Presale Surges Towards $6 Million
Meanwhile, as the MOTHER price continues to surge, investors are rushing to buy the new dog-themed meme coin WienerAI (WAI), which has raised over $5.6 million in its presale.
We are forming an unstoppable Army of Sausages!!
An incredible $5.5M raised in mere days and no sign of slowing down pic.twitter.com/q2R7xqLE02
— WienerAI (@WienerDogAI) June 12, 2024
WienerAI is planning a unique trading bot to combine the best of dog-themed fun, sausages, and advanced AI technology.
The project will provide advanced predictive features and a user-friendly interface that helps holders discover promising opportunities in the crypto market. Simply ask WienerAI to find the next top trade, and it will provide a market analysis to enhance your trading success.
More than just a bot–WienerAI is your ultimate crypto trading companion.
We’re delighted to share some sneak peeks with our incredible and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
What’s more, you can effortlessly exchange assets on decentralized exchanges without concerns about MEV (Miner Extractable Value) and enjoy fee-free transactions.
Once a trade is made, easily track your positions, and your swap history with the easy-to-use User Interface.
WienerAI is about to blow your mind. Stay tuned for more sneak peeks as we move closer to launch! (4/4) pic.twitter.com/cK5oKLcQ5G
— WienerAI (@WienerDogAI) June 11, 2024
With 20% of its token supply specifically allocated for staking, investors holding WAI tokens can earn an impressive annual yield of 200%.
ClayBro, a well-known analyst and YouTuber with 130k subscribers, believes WienerAI has “excellent potential” and says he’s bought it himself.
WAI tokens are priced at $0.000718 each.
Buy WAI here using ETH, BNB, USDT, or a bank card before a price hike in about two days.
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