SatoshiVM Price Prediction: Investors turn to this presale that has exceeded $6.3 million, and SAVM price will surge by 20%

SatoshiVM price has increased by 20% in the past 24 hours and is currently trading at $12.76, but trading volume has dropped by nearly 10%.
SAVM became one of the popular currencies on Wednesday, with DEXTools listing it as one of the popular trading pairs.
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January 23, 2024
Meanwhile, there has been speculation that the rise in SatoshiVM’s price was the result of a pump and scalp case. This was because wallets associated with the SatoshiVM team sold $3 million worth of SAVM.
Wallets associated with the SatoshiVM team sold $3 million of SAVM
#SAVM
, pump and scalp cases?
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January 22, 2024
On-chain investigation firm Lookonchain also revealed that a large investor spent $2.05 million to purchase 186,133 SAVM tokens at a price of $11.01 a few hours ago.
A large investor purchased 186,133 SAVMs for $2.05 million 7 hours ago, becoming the 8th SAVM holder.
This resulted in a price increase of approximately 20% for SAVM.
https://t.co/gFl0YqSlmY
pic.twitter.com/tzDTVIwCQq
— Lookonchain (@lookonchain)
January 24, 2024
According to Lookonchain, it was this transaction that caused the price of SatoshiVM to increase by nearly 20%.
SatoshiVM Price Outlook: Pump and Scalp Speculations
SatoshiVM price is facing the most important Fibonacci retracement level 61.8% at $12.75 and is expected to rise further. This is because the relative strength index (RSI) is heading north, indicating rising momentum. The RSI index at 65 also shows that there is more room for growth before the coin is considered overbought.
The histogram of the Moving Average Convergence Divergence (MACD) is showing green, indicating that bulls are dominating the SAVM market. The MACD indicator remains above its signal line (orange band), further emphasizing the bullish outlook.
If SatoshiVM price can break above the Fibonacci Retracement level of 61.8%, the rally could extend to the Fibonacci Retracement level of 78.6% at $15.97 or, in a highly bullish scenario, climb to the market-filling range at $20.07, a level that was last tested on Tuesday, January 23, 2023. Such a move would put the current level at 67%.

TradingView: SAVM/USDT 1-hour chart
On the other hand, if investors take profits in Wednesday’s trading, SatoshiVM’s price could fall. This could cause the coin’s market cap to drop below the Fibonacci retracement level of 50% at $10.48, or even lower, testing the middle line of the Bollinger Band indicator at $9.95.
In an extreme case, the price decline could see SatoshiVM price retrace to the 38.2% retracement level below $8.22, after which it could extend the decline further.
Meanwhile, attention has been focused on Sponge V2, a memecoin that is expected to gain even more after its predecessor, Sponge V1, saw a 100x return upon its release in 2023. It has surged 10,11% in the past year, with pre-sale sales exceeding $6.3 million.
SPONGE is the predecessor to Sponge V2, and a well-known YouTube cryptocurrency analyst recently said that SPONGE has risen 10 times from its recent lows and looks poised for even greater gains.
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January 15, 2024
Cilinix Crypto also highlighted the potential surge that Sponge V2 could see after its release. Some speculated that it could even reach the impressive 100x returns achieved by its predecessor.
Those who do not already hold SPONGE V1 will need to purchase it and then stake those holdings in the bridge contract. More information on the Sponge.vip website.
SPONGE's ultimate goal is to absorb liquidity from competitors. To do this, it is absorbing all the moisture. The project's staking dashboard allows holders to permanently lock up their SPONGE and get ready to absorb moisture with the new and improved SPONGEV2.
There are plans to list this memecoin on multiple exchanges.
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January 23, 2024
At the same time, the staking function is gaining more and more attention, and stakers can receive an annualized rate of return of up to 279% per year. So far, more than 5.795 billion SPONGE tokens have been staked.

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Also read:
How to Buy Sponge V2 in Presale - Alessandro De Crypto Video Review
100x meme coin Sponge prepares for second takeoff, launches V2 - Is $SPONGEV2 the best cryptocurrency to buy right now?
Can Sponge V2 achieve a 100x increase like Sponge V1 when it launches in 2024? Conor Kenny Pre-sale Review
$SPONGE cryptocurrency price surge sparks speculation of 100x potential for SPONGE V2 memecoin
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