Joe Coin Price Prediction: JOE Tops Meme Coin Gainers With 41% Surge As Traders Pivot To This ICO For 752% APY
The Joe Coin price surged 41% in the last 24 hours to trade at $0.03288 as of 03:20 a.m. EST on trading volume that jumped 7% to $3.5 million.
The pump made JOE the top meme coin gainer among major cryptos by market capitalization, according to CoinGecko.
Joe Coin Price On A Bullish Trend
The JOE/USDT pair shows a strong bullish momentum, particularly in the most recent candles. There was a consolidation (sideways movement) between September 21 to October 1, highlighted by the yellow box, which formed a solid base for the price around the $0.012 range, according to data from GeckoTerminal .
After breaking out of that consolidation, the price rallied sharply, forming a curved “parabolic” move (marked by the red arc).
The price is currently sitting at $0.03288, after a strong upward surge of +7.56% in the last few candles, suggesting that buyers have taken control.
JOE now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which shows that the price of Joe Coin is still on a bullish trend.
Moreover, the Relative Strength Index (RSI) is hurtling towards the 70-overbought region, currently at 67, which shows that JOE is under intense buying pressure.
The bullish sentiment is further cemented by the Moving Average Convergence Divergence (MACD) crossing the neutral line. The green bars on the histogram also support the positive momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How Reddit Missed Bitcoin’s Uptober Pump Up
TRON DAO adopts Chainlink Data Feeds to strengthen DeFi security, accelerate TRON's growth
Bitcoin/Yen Volatility Increases Sharply in Japan
Indian Exchange CoinDCX First to Create Decentralized Storage