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
Ethereum Sees $48M Purchase From Trump-Endorsed Crypto Initiative: Future Predictions
World Liberty's Significant Ethereum Purchase: Increasing Treasury Holdings and Attracting Institutional Support
Will Q1 Trends Propel Ethereum Towards the $3500 Milestone?
Whale Accumulation, Q1 Market Trends, and Ethereum Foundation Shifts: Key Drivers for Ethereum's Potential Surge to $3500
SEC Appoints Hester Peirce to Cryptocurrency Task Force: The Bullish Development Everyone Expected Could Be Coming Soon
The SEC has appointed cryptocurrency advocate Hester Peirce to head its newly formed cryptocurrency task force. So what happens now?
Investment Giant BlackRock Continues Its Leadership in Both Bitcoin and Ethereum ETFs! Here Are the Details
Both Bitcoin and Ethereum continue to attract institutional capital, with spot exchange-traded funds reporting significant net inflows.