The Minu price has skyrocketed 552% in the past week to trade at $0.000000598 as of 8:43 a.m. EST.

Minu introduces a distinctive variation on the conventional meme coin concept, establishing itself as the “first mining dog coin on Binance Smart Chain.” Its miners receive an 8% daily return in BNB.

Simultaneously, the Minu token is actively increasing the Total Value Locked (TVL) with a total TVL of $100,000 already garnered, according to DefiLlama.

Stats from @DefiLlama👀https://t.co/Zz9yua0B7F

Strong Utility = Strong Token

👉Operating for over 1 month now, we are here to MAKE BNB GREAT AGAIN!

If you hold $MINU already and you are a Miner, you are also a part of a big journey to the TOP!#Minu #Utility #Top500 #Crypto pic.twitter.com/Xt0PBwI68U

— Minu (@minu_coin) February 18, 2024

Minu Price Breaks Out of The Consolidation Phase In A Bullish Surge

MINUUSD Analysis by Dextools.io

The recent increase in the Minu price has pushed it beyond its previous resistance level, indicating that new highs could be imminent.

The Minu price has broken out of the consolidation phase, marked by a fierce battle between bulls and bears vying for control. The support zone at $0.000000009543 indicates a solid base for the bulls to fly the price in a sharp surge to new highs. 

This breakout has successfully breached a crucial resistance level at $0.00000003295, turning it into support.

A subsequent retest of this level has also presented the bullish investors with a launchpad to fly the price even higher, reaching the $0.00000007292 mark. However, at this point, the bulls encountered resistance, leading to a slight decline in the price.

Minu Price Indicators Support The Bullish Outlook, Bulls Aim For A New High At $0.00000009295

The current Minu price trend indicates positive short-to-medium-term momentum as it trades above the 50-day and 200-day Simple Moving Average (SMA). Besides that, the moving average cross at $0.00000009543 further affirms the bullish sentiment for the Minu price.

At the same time, the Relative Strength Index (RSI) is trending upwards, rebounding at 59 and trading at 77 in the overbought region, indicating intense buying pressure.

MINUUSD MACD Analysis by Dextools.io

The MACD is also bullish as the blue trend line crosses the orange signal line above the midline level.  Further, the histogram indicates a positive move as the bars appear above the midline level.

Minu price is predominantly bullish as the bulls aim for a potential climb towards the $0.00000009295 mark in the upcoming days. 

However, if bears continue the corrective phase, there is a sell-off risk, forcing the bulls to find a haven at the $0.00000003939 support level.

Meanwhile, as traders add more positions on Minu, newcomer Smog (SMOG) has caught the attention of investors after surging 119% in a week. 

SMOG Plans Biggest Airdrop Ever

Smog listed on Jupiter on Feb. 7, and now has a market cap of about $48 million. It has also accumulated more than 23,000 unique holders and a 55,000 community across various platforms.

Emerging among the most talked-about meme coins in 2024, Smog promises the biggest airdrop ever, committing to surpassing even the landmark $700 million airdrop on Solana. To achieve this endeavour, the project has allocated 35% of the total token supply (1.4 billion tokens) for this purpose.

It’s also been airdropping $1,500 worth of tokens to other trending meme coins on a daily basis, thus far targeting holders of Bonk, Dogwifhat, Myro and Samoyedcoin.

In addition to the airdrop, Smog’s tokenomics structure emphasizes the development team’s ambitious goals, with 50% of the token supply dedicated to marketing efforts to raise awareness.

$SMOG Staking, 100X Pump Incoming?

Smog’s staking protocol is another distinguishing feature, allowing token holders to generate yields of 42% per year. 

Investors who buy and hold $SMOG tokens qualify to earn token points. However, to qualify for more points, investors must engage in the Zealy campaign by completing various tasks and quests to foster social engagement. The campaign has witnessed over 270,000 tasks completed.

With plans for additional exchange listings, crypto analyst and YouTuber Jacob Bury says the SMOG price still has upside potential of another 100x.

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You can buy SMOG directly from the official SMOG website, where you’ll enjoy a 10% discount on your purchase. The token is available for acquisition using ETH, USDT, or a credit card.

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• Source: https://insidebitcoins.com/news/minu-price-prediction-minu-skyrockets-552-in-7-days-but-traders-say-a-surging-new-solana-meme-coin-might-be-the-new-bonk