Crypto Analyst Sees Chuck Norris-Inspired Memecoin Rise 1,200% If It Breaks This ‘Next Resistance Level’ – Yahoo Finance

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Crypto Analyst Sees Chuck Norris-Inspired Memecoin Rise 1,200% If It Breaks This ‘Next Resistance Level’ – Yahoo Finance

Pseudonymous cryptocurrency analyst The Moon said a new meme coin CHUCK (CRYPTO: CHUCK) built on Ethereum (CRYPTO: ETH) could surge more than 1,200% if it breaks its immediate resistance level.

What happened: The Moon in a Telegram message said: “As we dissect the candlestick patterns and scrutinize the moving averages of the CHUCK meme coin, the technical indicators paint an intriguing narrative.”

The analyst added: “Current readings of CHUCK’s RSI (Relative Strength Index) suggest that it is on the verge of being overbought, a situation that can often precede a price correction or consolidation. »

The Moon offered a counterweight with a different metric. “On the other hand, the MACD tells us that an uptrend is developing. If this trend continues and CHUCK breaks its next resistance level, we could see an upside of up to 1,200%,” they explained.

The CHUCK community can’t wait to see the piece listed on CoinMarketCap.

See More: Best Cryptocurrency Scanners

Why is this important: According to the latest data collected by Dexscreener, CHUCK currently has a market capitalization of approximately $4.16 million. It boasts liquidity of over $400,000 and has a reported circulating supply of 42 billion CHUCK tokens distributed among 625 owners.

The official CHUCK website describes the meme piece as: “The strongest of all memes. Dogs, frogs, cats and shady gamers: your time is up! CHUCK is here to save the meme fest and claim its top spot in the meme. hierarchy.”

Additionally, the website clarifies that the meme piece has no formal association with the martial artist and actor. Carlos Ray “Chuck” Norris Jr., nor with its representatives. The site states that “CHUCK” is: “Inspired by the legendary Internet saga surrounding Chuck Norris, created by fans to celebrate the spirit of his character. »

CHUCK differentiates itself by launching on the Ethereum network, unlike many other meme coins that have found a home on the Ethereum network. Solana (CRYPTO: SOL) blockchain, bearing the slogan: “Make Ethereum Great Again”.

Price Action: At the time of writing, MANDREL was trading at $0.0000643.

Read next: Here’s how much you should invest in Shiba Inu today for a $1 million payday if SHIB hits 1 cent?

Image via Shuterstock

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This article Crypto Analyst Sees Chuck Norris-Inspired Memecoin Rise 1,200% If It Breaks This ‘Next Resistance Level’ originally appeared on Benzinga.com

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