Cryptocurrencies have bounced in the past 24 hours as the market picks fresh buzz amid Bitcoin’s uptick to above $96k. Cardano (ADA) has spiked to above $1, returning above the psychological level following sell-off to lows of $0.89.
While top meme coins Dogecoin and Pepe remain bullish, the top trending tokens in the sector include Solana-based Keanu (KNU) and Just a chill guy (CHILLGUY).
Cardano (ADA) reclaims $1 level
Cardano (ADA) traded to $1.03 on Wednesday afternoon during the U.S. session – a level that sees bulls hover at a resistance line formed from the recent peak above $1.10. This means buyers have not just reclaimed the psychological level of $1, but also look primed for a new leg up.
ADA’s price was up by 12% in the past 24 hours and 28% in the past week. However, momentum is with the bulls despite price surging more than 204% in 30 days. Open interest in Cardano has increased 9% to more than $844 million, suggesting the ninth ranked cryptocurrency by market cap may have room for new gains.
The dip allowed Cardano whales to scoop ADA on the cheap, with data showing large wallets bought $130 million ADA as price fell to under $0.9.
Current price levels indicate ADA is more than 66% off the all-time high of $3.09 reached in September 2021.
Keanu (KNU) looks to resume uptrend
Keanu is a new cryptocurrency that draws inspiration from Keanu Reeves, the renowned actor and one of the world’s most beloved human beings.
The celebrity-themed token KNU promotes the ethos that have seen Reeves become a cultural phenomenon worldwide. Based on Solana and recently dropped via fair launch, Keanu has attracted a lot of interest.
While KNU pared most gains since storming to highs of $0.005528, the meme coin has rebounded more than 228% from lows of $0.0005689 last week.
Keanu traded around $0.001893 at the time of writing, with a market cap of $1.88 million. Since the circulating supply is 1 billion KNU tokens, the meme coin’s fully diluted valuation (FDV) is $1.88 million. Notably, this means a significantly accessible meme coin.
Keanu price token
Although Keanu has not gone vertical yet, its rapidly expanding community is crucially behind the project. The current price of the meme coin is another positive market entry point.
A potential spike to key level ties in with Keanu ethos of charity and oneness. “Keanu Makes Bank, Keanu Gives Back” is a slogan that would aptly apply should prices bounce to see KNU reclaim recent highs.
The meme supercycle is also expected in 2025, with another forecast being the projection that the altcoin season is yet to commence.
Learn more about Kean (KNU) here.
