Is It Too Late To Buy HIPPO? Sudeng Price Skyrockets 48% And This Might Be The Next Crypto To Explode
The Sudeng price has skyrocketed 48% in the last 24 hours to trade at $0.01194 as of 3:20 a.m. EST on a 134% pump in trading volume to $4.9 million. Sudeng calls itself the cutest HIPPO on SUI, and is a project that’s trying to capitalize on the viral success of rival meme coin Moo Deng (MOODENG), which is based on a pygmy hippo from a zoo in Thailand. Sudeng Price Faces A Downturn: Can The Bulls Regain Momentum? The HIPPO/USD price action on a 15-minute timeframe indicates two key technical patterns. A “Double Top” pattern is visible near the highs. A double top is typically a bearish reversal pattern, suggesting that the price may struggle to move higher and could decline from this point. After forming the double top, the price did indeed drop, validating this pattern. HIPPOUSD Analysis Source: GeckoTerminal Following the double top, the price entered a bearish channel characterized by a sequence of lower highs and lower lows. This channel s...