MANEKI crypto climbs 62% in 4 days – Should bulls wait for more gains?
- Sentiment and momentum around MANEKI crypto were bullish.
- The lack of accumulation in recent weeks was a worry for bulls.
MANEKI [MANEKI], the beckoning cat memecoin on the Solana [SOL] network, saw a 62.15% rally in the past four days. Since the 14th of October, the token is up 32% and counting.
At press time, the indicators reflected bullishness.
Yet, Bitcoin [BTC] has reached a resistance zone around $66k. MANEKI bulls also contended with the supply zone at $0.00756.
Caution is better than FOMO for now
Source: MANEKI/USDT on TradingView
The daily market structure for MANEKI was bullish. The breach of the $0.054 resistance last weekend saw this former supply zone flipped into a demand zone. From there, a large rally ensued on…
