MetaversePro has developed an inverted head and shoulders pattern, signalling a 54% upswing and a possible breakout is on the way. Meanwhile, HUH Token has confirmed its uptrend and looks to move up over 57% to test its all-time high.
MetaversePro has developed an inverted head and shoulders pattern on its 4-hour chart, indicating that an upswing is on the way. Currently trading at $268, investors can expect META to move towards the previous resistance level at $400. This would constitute an upswing of more than 54%.
META 4-Hour Chart according to TradingView
If META can break and close above its resistance at $400 on a 4-hour chart, then this would confirm the head and shoulders and send the price higher to the next resistance level at $565. This would mean an upswing of over 109% from current levels over the next few weeks.
META’s stochastics and RSI have all dropped and breached their lower bands, entering the buy zone and further backing up the bullish outlook.
However, if META breaks below its major support level at $237 then this would nullify the bullish prediction and the price would move down towards the next support level at $175
MeatversePro launched on November 16 and is offering investors absurdly high APY’s (over 100,000%) in order to encourage extremely long-term holding and staking.
META also offers holders the opportunity to bond their tokens to stable coins, such as USD Tether, offering a 19% return on investment in just 5 days.
META plans on becoming “the reserve bank of the metaverse” and has also announced that it will enable lending on its platform in the coming weeks.
HUH Token (HUH)
HUH Token has confirmed its uptrend after bouncing off its new uptrend line near $0.0001000. The price has since moved higher and is trading in a narrow band between $0.0002000 and $0.00016000.
Bulls will be looking for the price to retest and bounce off of the blue upward trend line around 0.00016500 and then move higher to test its all-time high at $0.0002723. This would be a 57% increase from current levels.
HUH 4-Hour Chart according to TradingView
HUH’s moving average has moved above its price, indicating an upward correction is imminent. Furthermore, HUH’s stochastics and relative strength index have all moved below their lower bands and into the buy zone.
If HUH’s price can move break above its all-time high then the next target would be the Fibonacci extension level at 23.6% and 38.2% respectively.
However, if HUH Token’s price falls below the blue upward trend line then holders can expect the price to dip to the next support level at $0.0001395 and the bullish prediction will be invalidated.
HUH Token launched on December 6 and rocketed over 4000 percent in the first week of trading, breaking into PancakeSwap’s top 20. HUH has a market capitalization of over $150 million and has around 12,000 holders.
HUH Token’s creators have dubbed the new crypto as a “utimeme”, offering enhanced utility and features in comparison to other meme tokens. HUH has a unique referral programme where holders can refer others and receive 10% that person’s first HUH Token purchase. The 10% commission is paid in Binance Coin (BNB), directly to the holder’s wallet.
In another move to encourage long-term holding, HUH Token also accumulates in a holder’s wallet over time, meaning the longer you hold, the more tokens you’ll receive.
HUH’s recent inclusion in popular cryptocurrency indexes CoinMarketCap.com and CoinGecko.com also contributed to the price increase.
The new crypto was also launched on Bitforex on Monday December 20, which should have a positive effect on its price.
The global cryptocurrency market has faced increased selling pressure in general over the past month shedding almost $1 trillion since its all-time high in November. New cryptos such as MetaversePro and HUH Token have been able to mitigate most of this selling pressure.
However, the broader cryptocurrency market seems to be gearing up for a rebound as increasingly positive news begins to emerge from policy makers in the US and Bitcoin and Ethereum teeter around key support levels.
Locke Lord Lawyer Robert Courtneidge, a payment industry expert who co-founded the Prepaid International Forum, recently emphasised that cryptocurrencies could be a fundamental part of our societies future and that regulation will become a part of the crypto world soon.
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