Jacob Bury
Vita Inu (VINU) meme coin has been one of the top performing cryptocurrencies and rallied over an incredible 228% in price. Over the last 24 hours Vita Inu has moved up over 5% in price, but is displaying bearish price action as it gets rejected multiple times at key resistance levels.
At the time of writing this article VINU is trading within a textbook style symmetrical triangle pattern and is trading at $0.00000003807.
If Vita Inu can maintain its positive price action, we might be on the brink of another explosive move to the upside.
Vita Inu (VINU) Meme Coin Price Prediction 2022
From a technical analysis point of view Vita Inu meme coin has performed very well over the last few weeks. Vita Inu broke through a key resistance level at $0.00000001984 which allowed it to continue soaring to higher price levels.
Taking a closer look at Vita Inu (VINU) meme coin and its previous impulse waves and corrective phases, we can see that it likes to correct around 40%.
The candles residing within the current symmetrical triangle also look rather bearish as they have large volume wicks on top of the body. This could suggest that there is huge selling pressure at the resistance trendline of the symmetrical triangle, therefore, making it difficult for VINU to break out.
Vinu/Usdt – Daily Time Frame.
If Vita Inu meme coin loses support of the symmetrical triangle the first level I would expect to see a retest is at $0.00000003343. If we see another rejection and further negative continuation in price we could come back down to the next support level of $0.00000002834.
Coming back down to the $0.00000002834 price level makes sense because it would be a total correction of roughly 42% which aligns with the previous retracements.
Vinu/Usdt – 1 Hour Time Frame.
The bullish scenario for Vita Inu meme coin is that we see a breakout to the upside of the symmetrical triangle. The technical target from here would take us up to $0.00000001727 which is roughly a 40% increase in price from current levels.
Of course this might depend on the trajectory of Bitcoin and the sentiment across the entire crypto markets. Bitcoin losing the critical support level of $19,100 could lead to damaging effects for other altcoins.
September is also notoriously bad for cryptocurrency and the performance of Bitcoin. In fact, over 80% of September’s have been very poor for Bitcoin so the odds are not in our favor that we will be seeing a rally this month.
Vita Inu (VINU) Meme Coin Video Analysis
According to Coinmarketcap Vita Inu is now trading with a $16.5 million market capital. This is relatively low for a crypto, and leaves a lot of long-term growth potential if VINU can gain enough traction through the crypto bear markets.
One thing I like about Vita Inu is their upcoming protocol upgrades, they are always looking to add value back to the community and doing this during a bear market demonstrates that they care about the fundamentals behind Vita Inu meme coin and its utility.
Whilst I believe Vita Inu could perform well if by holding until the next crypto bull market, I think the performance for VINU is now limited for the remainder of 2022 as we have already seen over 200% gains.
Next Meme Coin with More Potential?
There is an incredible new meme coin in presale right now known as Tamadoge which I’m very excited about. Tamadoge (TAMA) has reached an incredible milestone today as the presale has raised over $10 million dollars in just over 4 weeks. This means only 35% of presale tokens are available.
I’m speculating that Tamadoge will do wonderful things following its presale. There are so many unique selling points to feel bullish about. Tamadoge is a tax-free, deflationary and utility based play-to-earn meme coin where players can mint their own Doge NFTs, explore the Tamaverse (P2E metaverse side of Tamadoge) and capitalize more crypto related rewards.
In addition to this, Tamadoge has a very low maximum supply of just 2 billion tokens, this makes it possible to see a value of $1 per TAMA. Once the Tamadoge presale concludes in Q4 2022, Tamadoge will be deployed on Uniswap and listed on the Lbank centralized exchange where traders anticipate a pump.
According to the Tamadoge roadmap, more centralized exchanges are being scheduled into the pipeline later on during the year and in early 2023.
In 2023 we will see integrations of the metaverse and arcade Tamadoge experiences for players to enjoy. Tamadoge oozes with replay value as it provides a fun and immersive gameplay experience.
The easiest and safest way to purchase Tamadoge is by connecting a crypto wallet such as Trust Wallet or MetaMask (I prefer MetaMask) at buy.tamadoge.io, this is where you can buy TAMA tokens using either Ethereum, USDT or Fiat currencies.
To discover more about the Tamadoge road map, white paper and ecosystem click here.
Related
- How to Buy Tamadoge – Beginner’s Guide
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- 12 Best Cryptocurrency to Invest in 2022
Tamadoge - The Play to Earn Dogecoin
- '10x - 50x Potential' - CNBC Report
- Deflationary, Low Supply - 2 Billion
- Listed on OKX, Bitmart, LBank, MEXC, Uniswap
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets - Potential for Mass Adoption
This article was written for Business 2 Community by Jacob Bury.
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