The SatoshiVM price has plunged 15% in the last 24 hours to trade at $9.64 as of 1:56 a.m. EST on trading volume that dropped 10% to $27 million.

SatoshiVM Price Bears Push The Price Down, Forms A Falling Wedge

The SatoshiVM price signals a bullish trend reversal as the price has formed a falling wedge pattern, which traders use to signal a bullish trend continuation.

The bulls faced resistance at $14.2, hindering further profits and enabling bears to exert pressure on the price, forming a falling wedge pattern. 

Despite the pullback, the bulls have demonstrated resilience, hinting at a rebound with support at $8.97 to push the price above the wedge.

SatoshiVM Price Bullish Momentum Targets $15.2 

The 50 simple moving average (SMA) poses a challenge for the SAVM price. If the current bull momentum sustains, it could push the price above the 50 SMA.

The Relative Strength Index (RSI) indicates a rebound at 40, surpassing the 50 midline level. If the momentum continues, the RSI could reach the overbought level of 70. 

The price of SatoshiVM indicates a bullish trend reversal, with the bulls anticipating a breakthrough above the upper boundary of the falling wedge and aiming for the $15.2 mark.

As traders await better entry positions for the SVAM price, investors are eagerly buying SpongeV2. It’s a new presale that offers an excellent opportunity to earn up to 100X returns, as Sponge V1 did last year.

Sponge V2 Launch And Staking Campaign Gains Momentum

The upcoming launch of Sponge V2 has attracted major interest thanks to its groundbreaking ‘Stake-to-Bridge’ mechanism. 

The project has achieved a milestone with a staking campaign exceeding $5.3 million in anticipation of its official launch.

The objective for Sponge V2 is to emulate the remarkable achievement of Sponge V1, which experienced a surge of over 2,900% after its initial launch.

📘 Visit our website and stake your $SPONGE to be part of V2’s TAKEOVER.

Simple steps to significant rewards!

GO GO GO! 🧽💦💦#CryptoStaking #SpongeV2 #Web3 pic.twitter.com/3TF0HZIT9k

— $SPONGE (@spongeoneth) January 18, 2024

You can now be part of the Sponge V2 takeover after its predecessor built a support base of 13,000 holders and secured listings on more than ten exchanges, including LBank, Toobit, CoinW, BTCEX, and BitMart. 

ClayBro, a crypto YouTuber boasting over 116K subscribers, says that $SPONGEV2 has the potential to mirror the success of the original $SPONGE, which saw a 100x surge in 2023.

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Furthermore, Tron founder Justin Sun, has acquired $SPONGE worth more than $90,000 after showing his interest in trading meme coins and promising projects in May last year.

I’ve decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.

— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023

Stake $SPONGE, Play, Earn Passive Income 

Investors can attain Sponge V2 tokens in two ways. You can buy and stake $SPONGE on the project’s website or stake your Sponge V1 tokens, which will be kept in the smart contract forever. 

The more Sponge V1 tokens you stake, the more Sponge V2 tokens you get.

🌟📈 Ready for explosive growth?

Stake your $SPONGE and be part of the bright future with #SpongeV2!

With added utility and more exchanges on the horizon, we’re here to take over! 🔥$SPONGE #Crypto #Web3 #Altcoins pic.twitter.com/iFrZxFShr9

— $SPONGE (@spongeoneth) January 19, 2024

The platform allows holders of the initial $SPONGE to stake their tokens and earn $SPONGEV2, with appealing annual percentage rates reaching as high as 285%. 

The total value of staked SPONGE tokens has surpassed 5.63 billion, with a valuation of over $5.45 million. 

Exciting news, #SPONGERS! 🔥🔥

There are now over 5,627,448,685 $SPONGE tokens staked with a value of $5,445,468.33 🤯🧽🧽

Stake your tokens now to enjoy our current APY of +280%!

GO GO GO 🚀#SpongeV2 #Crypto #100x #Bullish pic.twitter.com/PsD2Sycxjj

— $SPONGE (@spongeoneth) January 22, 2024

Sponge is also launching a play-to-earn (P2E) game, “Sponge Racer,” which is poised to attract new investors and players. The game will be available for all, featuring a free and paid version.

The game is powered by Sponge V2 tokens and integrated into the captivating Bikini Bottom, where you can collect Sponge tokens while undertaking exciting underwater adventures, creating opportunities to explore iconic settings, and unlocking rewarding incentives.

🎮🌟 Get set to explore the unique #PlayToEarn game in #SpongeV2!

Play, enjoy, and earn $SPONGE! 🧽

Visit our website to get involved before it’s too late. 🤯⏰ #P2E #Bullish #MemeCoin #Web3 pic.twitter.com/bI8DLlgfA9

— $SPONGE (@spongeoneth) January 16, 2024

Crypto YouTuber Jacob Bury, who boasts over 26K subscribers, explains how you can acquire and reap the benefits of SpongeV2’s staking features. He also reveals that he currently holds $1,500 worth of the V2 token.

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To join, you can start by visiting the official Sponge V2 website. Link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.

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• Source: https://insidebitcoins.com/news/satoshivm-price-prediction-savm-plunges-15-but-the-second-coming-of-this-meme-coin-might-100x-again