Surge In SMIDGE Price, Will It Be The Next Multibagger Memecoin?

• Smidge displayed a huge surge in its trading volume over the last 24 hours.
• The crypto is not trading with any fiat currency or any trusted exchange.

$SMIDGE is a popular meme character, a smaller, cuter version of Pepe from the frog kingdom’s 5th generation. 

Known for his exaggerated expressions, he gained viral fame on 4chan and Reddit. Follow Smidge’s journey as he aims to become the ultimate King of the Pond (KOP).

There has been a surge of 65% in the market cap of Smidge crypto in just the last 24 hours from the spot time. Following this, the value of the traded volume for the crypto has also advanced by 47%highlighting a rise in investor confidence. 

The resulting liquidity for the crypto is huge as the value of the traded volume for the crypto has breached its market cap. The resulting traded value of the crypto is $1.07 Million while the market cap of the crypto is $464.5K.

Additionally, the traded volume of the crypto is over 200% higher than its market cap which makes it easier to buy or sell Smidge.

The total supply and the circulating supply followed by the maximum supply of the crypto are the same which results in 1,000M SMIDGE. Moreover, the fully diluted market cap of the crypto is $405.3K. 

From an all-time high of $0.0009144, the price of the SMIDGE crypto declined by 49% which was achieved eight hours ago as of press time. Moreover, the all-time low of the crypto was achieved on June 26, 2024, just 2 days ago from the time of writing. 

SMIDGE Crypto Technical Analysis

SMIDGE has been witnessing consistent buying for the last few days. 

The following buying in the SMIDGE crypto led to the formation of a rising wedge pattern on 4H chart of the crypto. 

The price of the crypto further has broken above the pattern and has given a closing above the same followed by the formation of higher high swing points on the chart of the crypto. This shows strong buying momentum in the crypto price. 

The following breakout in the price of the crypto further shows a higher probability of a surge in the price of the crypto in the future. 

FLR/USD Chart by TradingView

The 20-day and the 50-day EMAs plotted on the daily chart of the crypto show strength in the SMIDGE crypto price. This is because the following EMAs are trading in a golden cross and the crypto price is trading above the same. 

The crypto price further has broken above the higher band of the Bollinger Band and has given a closing above the same. 

The MACD and the signal line are trading in a golden cross and further have sustained in a positive trajectory. This is further followed by the formation of bullish histograms on the chart of the crypto. 

The RSI is also trading at the overbought zones for a long time which shows strong buying momentum in the price of the SMIDGE crypto. 

Summary

Smidge has seen a 65% surge in market cap and a 47% increase in trading volume, indicating strong investor confidence.

With its price-breaking key resistance levels and bullish technical indicators, Smidge shows strong buying momentum and potential for significant gains, positioning it as a multi-bagger meme coin.

The support levels for SMIDGE are $0.000000000000003 and $0.000000000000140 and the resistance levels for the crypto are $0.000000000000620 and $0.00000000000090.

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.