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The Smog worth pumped greater than 50% over the previous 24 hours to commerce at $0.1746 as of 8:15 a.m. EST as traders scramble to purchase into the dragon-themed meme coin.
The Smog Value Smashes Via Two Resistance Ranges 
4-hour chart for SMOG/USD (Supply: TradingView)
The Smog worth was in a position to break above each the $0.1227 and the $0.1597 resistance ranges over the previous 24 hours. It was then in a position to briefly overcome the $0.1877 threshold, however merchants have been fast to understand their income.
Regardless of the slight pull again, SMOG should still have the muse wanted to enter into one other leg up within the coming 48 hours because it was in a position to flip the $0.1597 resistance stage into help. If bulls resolve to offer the Smog worth one other increase, it may rise above the present resistance at $0.1877 to doubtlessly attain a brand new all-time excessive within the quick time period.
This bullish thesis could also be invalidated if the Smog worth closes a 4-hour candle under the fast help at $0.1597 via the course of the subsequent 24 hours. On this various state of affairs, the meme coin could possibly be uncovered to the danger of falling to the next help on the recently-breached $0.1227 mark.
The Smog Value Could Enter One other Leg Up Quickly
Technical indicators on SMOG’s 4-hour chart counsel the altcoin’s worth could preserve rising within the subsequent 24 hours. Each the Shifting Common Convergence Divergence (MACD) and the Relative Energy Index (RSI) indicators are flagging bullish.
The MACD line is breaking away above the MACD Sign line, whereas the gradient of the MACD Histogram is optimistic. Not solely does this counsel that the Smog worth is in a bullish part, it could additionally sign that the optimistic pattern reveals no indicators of slowing down.
The RSI can be above 50, which reveals that the Smog worth has a whole lot of bullish energy. Though this may increasingly additionally sign that SMOG is overbought, doubtlessly resulting in a correction, in eventualities the place a crypto worth is pumping it isn’t uncommon for the RSI to stay so excessive.
The Smog worth appears to be preparing for one more sturdy transfer to the upside, and that’s precisely the way in which issues search for Scotty the AI’s presale because it surges in direction of the $3 million mark.
The Subsequent Meme Coin Sensation To Enter The Crypto House
Scotty the AI is in contrast to another meme coin that has come earlier than it, as it’s powered by cutting-edge AI fashions.
Its clever pc fashions are used to smell out any potential safety threats included in sensible contracts’ supply code. Via its in-depth evaluation, Scotty the AI is even in a position to uncover software program bugs that veteran software program engineers would miss.
The crypto market has come alive as institutional traders be part of the combination following the launch of spot Bitcoin ETFs (exchange-traded funds) in January.
This inflow of capital has ignited a way of euphoria inside the crypto group, and particularly amongst enthusiastic meme coin traders identified for his or her capacity to drive cryptos’ costs via the roof.
The AI crypto sector can be beginning to increase following the launch of ChatGPT. With each of those sectors taking off, it could solely be a matter of time earlier than the worth of Scotty the AI’s native token, SCOTTY, skyrockets.
Buyers Are Dashing To Get A Maintain Of Scotty
SCOTTY’s presale has simply surpassed the $2.8 million milestone, and is racing in direction of its $3 million goal as traders accumulate the primary ever AI-powered meme coin.
💥Presale Replace!💥
ScottyTheAi #1 #memecoin (w/Ai utility) of 2024$SCOTTY has raised $2.7M
Effectively on our method to closing out presale and heading for that $100M marketcap.
Congratulation to all of the early #Scottydogs in presale 👏
Purchase Now: https://t.co/zRmy4g8hfW#BITCOIN… pic.twitter.com/xvWHXVMY2v
— Scotty The Ai (@ScottyThe_Ai) March 6, 2024
Anybody seeking to purchase into the crypto at this early stage can achieve this on the mission’s official web site. It’s promoting for $0.00755 and might be purchased utilizing both ETH, USDT or financial institution card.
Buyers may use BNB and MATIC, however such purchases are usually not eligible for the whopping 63% annual rewards being provided via the mission’s presale staking program.
SCOTTY might be bought here.
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