Is It Too Late To Buy SC? Shark Cat Price Soars 12% As This New AI Meme Coin Presale Blasts Past $1.2 Million - InsideBitcoins.com

The Shark Cat (SC) price surged 12% in the last 24 hours, trading at $0.1914 as it prepares for its listing on MEXC today. The token has formed a bullish pennant pattern, indicating a potential rally towards $0.29. Positive indicators such as the RSI and ADX suggest strong buying pressure, while a triple bottom pattern and a golden cross formation provide further support for the uptrend.

Shark Cat Price Poised for Bullish Surge, Riding Wave of Triple Bottom and Pennant

The Shark Cat (SC) token has experienced a remarkable 12% surge in the past 24 hours, reaching a trading value of $0.1914 as of 02:45 a.m. EST. This upswing is accompanied by a 40% decline in trading volume to $20 million.

This price action coincides with the token's imminent listing on the MEXC centralized exchange (CEX), scheduled for 14:00 UTC today. The SC/USDT trading pair will mark the token's debut on a major exchange.

Technical Analysis Reveals Strong Bullish Momentum

Technical analysis of the SCUSD chart reveals a promising upward trajectory. After reaching an all-time high (ATH) of $0.39 upon launch, the price retraced in April to a support zone of $0.04073.

The formation of a triple bottom pattern, characterized by three consecutive lows near the same level, indicates a potential trend reversal and a shift from bearish sentiment to bullish bias. This pattern has provided a strong foundation for the current rally.

Subsequently, the price broke through a resistance level around $0.12, forming a bullish pennant pattern. This pattern suggests a period of consolidation before a potential breakout to the upside.

The price remains above both the 50-day and 20-day Simple Moving Averages (SMAs), further confirming the bullish momentum.

Bullish Indicators Support Price Surge

The Relative Strength Index (RSI) and Average Directional Index (ADX) also provide positive signals. The RSI, currently at 67, indicates a significant buying pressure, while the ADX, trading at 40, reflects a strong bullish trend.

Price Target and Resistance Levels

The bullish trend remains strong, with SC poised to capitalize on the formation of the triple bottom pattern and the bullish pennant to push the price above to a target of $0.29.

Major indicators, including the RSI and ADX, also show positive price movements, supporting the upward trend.

However, if the bears gain control at this level, SC could drop to the next support level around $0.09, coinciding with the 200-day SMA.

New AI Meme Coin WienerAI Gains Traction

As the Shark Cat price soars, investors are also showing interest in WienerAI (WAI), a new AI meme coin hybrid token. WAI aims to leverage AI capabilities to emulate the success of popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).

WienerAI's presale has already raised over $1.2 million, attracting a significant following. The platform has recently added an advanced beginner-friendly trading bot to its ecosystem, offering user-friendly AI-enhanced trading and zero fees.

Potential Explosion and Investment Opportunities

Industry experts believe that WAI has the potential to explode 100X after launch. To participate in the presale, investors can purchase $WAI tokens on the official website for $0.000704 each.

Act promptly, as a price hike is expected in less than 19 hours. Payment options include ETH, USDT, and bank cards.