HarryPotterObamaSonic10Inu Pumps 27% As Crypto Market Cap Grows 2% While Meme Kombat Presale Tops $120k
As on-chain activity sees an upsurge in trading volumes, HarryPotterObamaSonic10Inu (BITCOIN) has bounced +20.51% amid a growing strong rally trend.
This comes following a tumultuous September for the poster-child of On-Chain Summer, which saw BITCOIN bleed-out almost -80% in less than a month, in a dramatic move following a +200% rally.
As buy-pressure takes hold, Bag-holders appear jubilant at the price action, with the upside move offering the chance at a recovery for under the water traders.
As HarryPotterObamaSonic10Inu pushes up from firm support, price action is now high in BITCOIN's descendant channel, currently trading at a market price of $0.082 (representing a 24-hour change of +20.20%).
The trend reversal was triggered on September 11, as BITCOIN caught support from the $0.05 price level, igniting the now +90% move.
With impressive buy-pressure underpinning the price action (representing 53% of the 658 tx over the past 24-hours), the upside swing has seen BITCOIN return to a vast market cap at $83.34m.
Now trending as #9 on DEXtools Hot Coins ranking, the huge move can be attributed to the influx of $1.45m in trading volume over the past 24-hours - which has seen the number of BITCOIN holders swell to 11,500+.
Yet, despite the positive shift in market sentiment, HarryPotterObamaSonic10Inu faces an upcoming struggle with resistance from the upper trendline - which has converged with the $0.085 price level.
Overall, the recovery in BITCOIN has provided much needed relief to deeply underwater top-buyers, however, with price now entering a critical test of resistance - late-entrants should exercise caution.
To the upside, if BITCOIN breaks high above the upper trendline resistance, price action has a target at $0.1225 (a
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