High currency prices high with smart money purchasing investors star-news.press/wp

Non -feasible currency has emerged as a sudden output in a land encoding scene, more than 1700 % increased in June to the wider Solana Mimi currencies and blue symbols such as bitcoin decline.

Supported by the aggressive accumulation of smart money and whales, and with the support of the exchange of exchange balances, the Mimi currency reached the market capacity of $ 100 million and attracted the attention of traders looking for the upward trend. While the indicators of momentum are now flashing, the rise of an useless currency confirms the unpredictable nature of the markets driven by the MI-strong role of the feelings of investors.

The unjust (useless) currency code jumped to an increase of $ 0.1092 this week, increasing more than 1750 % of its lowest level in June.

The price of the distinctive code jumped even with the collapse of the encryption market, as Bitcoin (BTC) decreased from a record level of $ 111,900 in May to $ 103,000. Most of the Meme Solana (Sol) currencies decreased this month, as the market value decreased from more than $ 15 billion earlier this month to 9 billion dollars.

Nansen data shows that smart money investors were buying the currency. The data shows that smart money investors have bought useless symbols of more than $ 94,000 in the past 24 hours.

These investors now have more than 14 million symbols, an increase of 97 % over the same period last month. Likewise, whales were more than 36 % in the last 30 days to more than 338 million.

The accumulation of smart funds and the accumulation of whales is a good incentive for asset because it is a sign that they expect the price to continue up. Additional data shows that the exchange balances were shattered by more than 16 % in this period to 51.8 million.

Technical analysis of the currency price is not feasible

The four -hour graph shows that the price of a distinctive virtual code has increased from a decrease of $ 0.005460 to a record level of $ 0.1095. It formed an upward channel and remained higher than the moving average 50 times.

However, the danger is that there are signs that the momentum ends. For example, the average trend index decreased from a standard level from 70 to 20. ADX is a common indicator that measures the strength of the direction.

Macd and the relative strength index also formed a declining spacing pattern, pointing to a possible decline. Therefore, the currency may decrease to support at $ 0.50 as merchants begin to book profits.