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Hedara (HBAR) up 50% this week, Cardano (ADA) rangebound & Milei Moneda sells 64M+ in presale

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  • Cardano (ADA) and Hedera (HBAR) prices stagnate amid mixed market conditions.
  • Milei Moneda, a new meme coin, launched its presale in late March.
  • The coin is inspired by Argentinian economist and president Javier Milei.

The cryptocurrency market has been relatively stagnant lately, with most top altcoins experiencing minimal price movements. 

Hedera (HBAR) witnessed a substantial 50% pump this week, initially fueled by rumors about BlackRock’s involvement with the token. However, the news was later proven to be false, causing HBAR’s price to retrace to its current level of around $0.11 at the time of writing.

Despite the overall market lethargy, Milei Moneda has already sold an impressive 64 million tokens in its presale, currently in its second stage.

Cardano (ADA) Price Analysis

According to altFINS, a reputable crypto analysis platform, Cardano’s price is currently trading around $0.46, showing little movement. Their analysis suggests mixed trends, with ADA following a channel-down pattern. 

While traders can initiate trades when the price fluctuates within the channel trendlines, a breakout would signal a potential rapid price movement in the direction of the breakout.

altFINS further explains that ADA’s trend is in a downtrend on the short and medium-term, while exhibiting an uptrend on the long-term basis. Momentum indicators are mixed, with the MACD Line above the MACD Signal Line (bullish), but the RSI below 45 (bearish). The declining MACD Histogram bars suggest waning momentum.

Key support levels for ADA are identified at $0.46 and $0.35, while resistance zones exist at $0.57 (previous support), $0.65 – $0.68, and $0.80.

Hedera (HBAR) Price Analysis

HBAR’s price surged to $0.18 during the BlackRock news but has since retraced to around $0.11 at the time of writing, though still up 50% this week. According to altFINS, HBAR’s bullish breakout from the Channel Down pattern signals a resumption of the uptrend. 

They advise traders to wait for the price to find support, potentially at $0.10, which could serve as a trade entry point.

altFINS notes that HBAR’s trend is in a downtrend on the medium-term basis and an uptrend on the short and long-term basis. Momentum indicators are mixed, with the MACD Line above the MACD Signal Line (bullish) and the RSI around 50 (neutral).

Key support zones for HBAR are identified at $0.12 and $0.10, while resistance zones exist at $0.14 and $0.18.

Some popular crypto analysts, such as CrediBULL, believe BlackRock was actually involved in HBAR tokenization. It remains to be seen how this story fully unfolds in the upcoming days and weeks.

Milei Moneda: A New Meme Coin on the Block

Milei Moneda, a new meme coin inspired by the renowned economist Javier Milei, has already sold over 64 million MEDA tokens since its presale launch in late March. Currently in Stage 2 of the presale, the token’s price is set at 0.0125 USDT, with the next stage priced at 0.015 USDT.

Milei Moneda is a new meme coin that draws inspiration from Javier Milei, an influential Argentinian economist and presidential candidate known for his unconventional views and libertarian ideologies. The coin aims to embody Milei’s vision for economic reform and his outspoken stance against government intervention and bureaucracy.

The $MEDA token follows a deflationary model, with 5% of the total supply dedicated to token burning to help preserve its value over time. Holders of $MEDA tokens gain governance and membership privileges within the Milei Moneda ecosystem, as well as exclusive access to events and discounts.

To purchase $MEDA tokens, interested investors can visit the official Milei Moneda website, connect their cryptocurrency wallet (such as MetaMask or Trust Wallet), select the desired amount of tokens, and complete the transaction by sending the required amount of Ethereum (ETH) or other supported cryptocurrencies to the Milei Moneda presale contract address.

Conclusion

While Cardano (ADA) and Hedera (HBAR) navigate mixed trends and momentum indicators, the emergence of Milei Moneda as a new meme coin has caught the attention of the crypto community. As

ADA and HBAR find their footing amid market conditions, investors eagerly anticipate the potential impact of Milei Moneda and its deflationary tokenomics on the memes world.

Milei Moneda’s presale success and theme have generated some interest in the meme coin sector, offering investors a potential opportunity to explore a novel concept that combines humor, politics, and blockchain technology.

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!

Disclaimer: This is a paid post and should not be treated as news/advice.

 

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