Have yourself a merry crypto Christmas, and discover the latest Christmas meme coin, Aelf crypto, as the ELF price has shot up +92% over the past month.
In this article, delve into Aelf crypto – the layer-1 AI blockchain – and discover where ELF price is heading following its seismic +92% skyrocket, and also uncover another emerging blockchain going viral in the crypto market.
The dramatic uptick in ELF price comes as jubilant holders confirm the sudden breakout move on X, adding bullish fuel to the flames as investors rotate to join the latest rally move.
In part, the breakout move appears to have been triggered by the announcement of a major meme coin partnership between Aelf crypto and the tap game Moon Dog on Telegram.
ELF Price Analysis: Will AELF Crypto Continue Breakout Trend or Will Pump Fade?
As ELF price retraces and holders attempt to consolidate a foothold at a new higher price level, Aelf crypto is currently trading at a market price of $0.70 (representing a 24-hour gain of +56%).
With the dust now settling over the seismic breakout move, which ended more than 7-months of suppressed price ranging, AELF has undertaken a significant technical strengthening in the ELF price chart.
First and foremost, the explosive movement on the daily has triggered a reversal from the 20DMA, which is now aggressively ascendant and formed an almost instantaneous golden cross pattern with the 200DMA AT $0.40.
A ‘golden cross’ denotes a shift into bullish sentiment, and all eyes are now watching key support levels at $0.68 and $0.50.
Looking at the RSI, which is currently red-hot at an extremely bearish and oversold reading of 90, this could suggest a further drop down to these potential support levels is on the cards.
Overall, while ELF price has broken out of its range, and improved its technical structure, it seems the best of this pump is over on the short-time frame, with retracement and consolidation likely to dominate movements over the next week.
Pepe Unchained’s New Meme Coin Layer-2 Launches In Under 20 Days: Over $40M Raised in Stunning Presale
Meanwhile, shifting attention to meme coin markets, a new bespoke-built layer-2 blockchain is launching in just over 2-weeks time.
Having unlocked viral success during its multi-month presale phase and with over $40M raised, Pepe Unchained is bracing itself for what could be the most anticipated blockchain launch of Q4.
The idea here is simple: PEPE needs an ecosystem, and this won’t happen on the clunky and expensive Ethereum ERC-20 token standard.
And now, after months of build phase by a committed development team, the idea is about to come to life – and these devs aren’t messing around.
They have already launched a multi-million dollar ecosystem development fund, which is open to grant applications as we speak, and already funding new meme coin DeFi products and new meme coin offerings from some of the hottest degens in the space.
Not to mention, the much-anticipated upcoming launch of the so-called ‘Pepe Pad‘, which aims to repeat the success of Solana’s now infamous Pump.Fun – enabling anyone to bring their meme coin idea to life on a super low-cost token launchpad.
Visit the Pepe Unchained website, connect your wallet, and seize the opportunity to participate in this exciting project before the presale ends.
The post Is Aelf Preparing For A Huge Christmas Comeback? ELF Up 92% In A Month, As Investors Load Up On This Meme Coin appeared first on Cryptonews.
