Maneki Creates A Rounding Bottom: How High It Will Go This May?

Another Solana-inspired meme coin is making waves in the crypto market. The newly launched Maneki is now inching towards touching a new price high. The token is trending due to the stellar price cap metrics that Maneki has achieved in a short period. Per CoinMarketcap, Maneki is trading at $0.0183, up 130% in the last 7 days.

Also Read: Maneki Surges A Whopping 45%: Should Investors Pay Heed To It?

Maneki Price Forecast

Per a notable financial analyst, Crypto Rover, Maneki is now creating a rounding bottom pattern on its price chart. The pattern is also known as a saucer bottom. This development usually occurs when an asset consolidates for a long time before adopting a bullish stance to a bearish one.

According to Crypto Rover, Maneki has formed this pattern, denoting its impending high price shortly. Per CoinCodex, Maneki may touch a new price high by the end of May 2024.

The platform predicts the token will surge by nearly 222% and trade at $0.029393 by June 19, 2024.

“According to our current price prediction, the price of MANEKI is predicted to rise by 222.08% and reach $0.029393 by June 19, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 70 (greed). The token recorded 13/26 (50%) green days with price volatility over the last 30 days.”

Maneki Price Forecast for 2024

Launched as a leading cat token, inspired by the Japanese mythological character “Maneki,” the token is now charting its unique path.

Per CoinCodex, the token will continue to surge to new price highs, climbing to $0.013441 by May 15, 2024.

“The price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these MANEKI projections, the coin will be changing hands at $0.013441 on May 27, 2024, gaining 47.28% in the process.”

The token may end the year by rising to compete with a league of leading altcoins. Per CC, the token may trade at $0.042232 by the end of this year.

Also Read: Can Solana SOL Reach $250 During Its Next Bull Run?

“The token is forecasted to trade within a range of $0.009126 and $0.042232. If it reaches the upper price target, MANEKI could increase by 313.85% and reach $0.042232.”