CandleFocus Hoppy token hits all-time high, rare pattern points to more gains
2024-10-18
Author: Content Editor
The Hoppy token, a meme coin on the Ethereum network, has experienced a significant rally, reaching a record high of $0.0002890. It has risen by over 18,000% since June and now has a market cap of over $109 million. The rally is driven by an increasing number of holders, with over 3,600 users and the top ten holders accounting for 42% of the total. The token's daily volume reached a record high of $14.7 million. Hoppy's trading mostly occurs on Uniswap, but it could attract more holders if listed on tier-1 exchanges. Hoppy's rally is in line with gains seen in other Solana and Ethereum-based meme coins, and the total market cap of meme coins has reached $61 billion. The token has surpassed key resistance levels and is above the 50-day moving average, indicating bullish control. However, it is currently overbought, so a pullback to retest the support level at $0.0002080 may occur before the bullish trend resumes.
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