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Animecoin Price Surges 14% as Analyst Predicts a Rally to $0.040 If $0.02 Barrier Gives Way

Highlights:

  • Animecoin has soared 14% to $0.019 as bullish momentum builds.
  • Its daily trading volume has spiked over 125% as buyers prepare to exit the downtrend. 
  • The analyst foresees a rally to $0.04 if the $0.021 resistance key gives way.

Animecoin has once more spiked 14% to $0.0192, painting a bullish picture. Accompanying the price breakout is its daily trading volume, which has pumped over 125%, indicating intense market activity. ANIME boasts a 40% rise in a week and 4% in a month. 

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The recent bounce back in the Animecoin market has some traders foreseeing a potential rally. PS trader, a well-known investor, has noted via X that the recent increase in ANIME trading volume could suggest that buyers are preparing to exit the downward trend. He has pointed out that a rally could be plausible if the ANIME bulls breach the critical barrier at $0.021. 

According to the analyst, a breakthrough and consolidation above this level can give continued growth of at least $0.039-0.040. Meanwhile, the Animecoin price exhibits strong bullish momentum while following the upward trendline. A break above the $0.02015 high could lead to further gains. Monitor the price action relative to the trendline for continued bullish confirmation.

Animecoin Price Outlook

Even when we take a step back and look at the bigger picture of the historical performance of Animecoin, it has been performing well not just recently but throughout all that time. The 4-hour chart shows a disciplined uptrend, which has essentially climbed, with the Animecoin price breaking out.

With more upward pressure, ANIME/USD may attempt resistance at $0.0201 or $0.0217, and if there is sufficient volume, $0.0220 could be on the horizon. Currently, the RSI sits at the 70 level, which suggests a strong momentum, though bears should act cautiously to ensure it does not head down.

Animecoin price
ANIME/USD 4-hour chart: TradingView

In case of an unwinding of the rally or a retrace, the market would test support at $0.01784, $0.0164, and $0.01474, which aligns with the 50-day MA. Animecoin’s price has historically risen from here, so this zone is resilient. The momentum could be rejuvenated if bulls bring their price above $0.020. Any break below $0.0147 could also invite short-term caution on the opposite side. The RSI has reached 76.14, which puts the price near the top band, but the coming days will be the most important. 

Can ANIME Reach the $0.025 Mark?

Animecoin is steadily climbing after receiving attention from traders who think ANIME/USD has potential with its recent strength. The picture painted by the price action is that of a market that is heating up but not heating out; hence, there is a nice chance that $0.02 can be found. Meanwhile, if the $0.014 support level keeps holding, the Animecoin price will reach the $0.025 mark. 

On the other hand, the technical indicators, including the MACD, call for traders to rally behind ANIME. This is evident as the blue MACD line has flipped to the positive territory as the green histograms keep enlarging in size. Traders and investors should buy more ANIME tokens unless the MACD changes. In the meantime, traders should monitor the support and resistance levels to determine the next price direction.

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