Volt Inu Price Prediction - Memecoin Racing to New All Time High?
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Volt Inu is one of the few crypto coins that seems to be in a parabolic rally right despite bearish conditions in the blockchain markets.
Over the last week Volt Inu has surged over a staggering 118% in price from $0.0000008669 to $0.000001903.
It seems the majority of Volt Inu fans across social platforms such as Twitter are betting on a new all-time high soon.
Will this be the case or are we in need of a short-term pull back?
When consecutive green daily candles appear on the charts, usually this reflects an overbought euphoric bull run.
Typically, this is where the saying 'never chase green' comes in handy because it means the risk is maximized as the overbought position means there could be a correction coming up.
Since the 10th of November the price of Volt Inu has soared over 100% and has broken through a key resistance level of $0.000001398.
Now trading at a very bullish $0.000001902, it seems Volt Inu is trying to achieve the next technical target of $0.000002.
As we can see, historical data suggests that Volt Inu is certainly in a bull run phase at the moment.
There is still a possibility of a correction down towards $0.0000016, but following the recent breakout of a falling wedge on the 15-minute time frame this seems unlikely right now.
As we can see Volt Inu is breaking out of this bullish reversal pattern. When coins become overbought traders might be better off holding back for a few days to assess the situation and see what happens.
Should the price of Volt Inu crash, $0.0000014 could prove to be a good area to dollar cost average in to.
Volt Inu is certainly looking
Read more on cryptonews.com
