Vita Inu (VINU), one of the highest-performing meme currencies, is dominating the headlines.
- Fast 200% increase in the Vita Inu me coin
- Coin’s price spikes by 3.13% as of this writing
- Vita Inu close to the zone of overbought
Since the beginning of August, the value of the Vita Inu meme has skyrocketed by almost 200%, and this seems to be the track it’s treading in the future.
Meme coins are competing with major cryptocurrencies in the Top 10 Market Values. Meme coins have been influenced by puns, jokes, and sarcasm via social media.
Mainstream crypto developed a special technology to increase crypto trades and transactions. The Meme currency is a token that’s community driven and community-oriented, but lacks fundamentals.
These people promote a lighter style of expression, which may be recognizable by Millennials or members of Generation Z.
Chart: CoinMarketCap
VINU Skyrockets In Popularity
According to CoinMarketCapVita Inu’s price has risen by 80% over the past 24 hours. VINU currently trades at $0.00000002134, as of the writing.
Vita Inu’s popularity has soared despite it being removed from the list of top cryptos. Even though VINU has seen a sharp rise in popularity, buyers are still cautious.
However, experts say this impulse wave is too strong. This means that prices are expected to correct and things have moved too fast.
Vita Inu lost a critical support level for a symmetrical triangular triangle and has since reversed her course, moving towards the 0.618 Fibonacci support area.
VINU Nearing Overbought Zone
In any case, Vita Inu’s (VINU) next support level is at $0.0000000199 if the decline persists. Experts have found a significant region of re-accumulation that the system should be considering entering, if support falls.
It is important to note that the Vita Inu (VINU) meme coin’s daily relative strength index today reached 74.13, indicating that it is relatively overbought.
Analysts advise investors that they be careful and cautious because of this muscular pump.
Vita Inu, a tokenized mem coin that is tied to dogs, has a high total price per share (TPS) and uses smart contracts.
The token’s guiding principles include having fun, meeting new people, and learning about day-to-day technical advancements. These will all be made available in a contagious and vibrant environment.
Customers need to keep checking the cryptocurrency markets for mem currencies, which are listed on central exchanges. For example Tamadoge Coins in presales.
Source: TradingView.com| Source: TradingView.com Featured Image from Business Patrika. Chart by TradingView.com