GEGE is a cat-themed memecoin that was launched on June 18. It began trading at $0.0066. Currently, it is valued at $0.01227, reflecting a 74% increase since its launch and a 148% increase in the last 24 hours. GEGE's trading volume has increased by 219.47% today, with a self-reported market cap of $1.41 million.
While GEGE is accessible on Jupiter and Raydium, Its recent listing on MEXC has further contributed to its surge in value.
What is GEGE, and why is it trending?
GEGE is described as "a legendary one-eyed cat, the One-Eyed Monarch," who emerges from the internet in the distant future, radiating mystery and wisdom.
Meanwhile, it's good to understand that GEGE has no team behind it and no intrinsic value, like most meme coins. That said, its X account posted that they were locking the LP for one year because of the project's success and the community, which they say has become like a family to the project in the three days since the launch.
The Solana-based meme coin is also preparing to debut on the BitMart India exchange today, June 21. The news has propelled it to the top three trending memecoins on CoinMarketCap. Deposits started on June 19, and trading will open at 15:30 IST today.
GEGE price prediction
Support at $0.0046 boosted the bulls, pushing the price to the $0.01656 resistance level on June 20. GEGE consolidated after that, but the price traded above the 50 simple moving average (SMA), reinforcing bullish sentiment and enhancing the token's upward momentum.
Trading above 50 SMA indicates strong buying interest. The RSI and MACD depicted a bullish trend, supporting potential price growth.
The price hinges on the resistance level. If it breaks through that, it could attract more buyers. If not, the price will consolidate again, or people will move to sell. The current price suggests consolidation.
GEGE failed to breach crucial resistance. The following support level to watch is $0.0093. This level will determine whether GEGE's price will stabilize or drop.
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