Animecoin Price Jumps 9% Ahead of Bithumb Listing Announcement Targeting a 12% Upside
Highlights:
- Animecoin price rises 9% in 24 hours, reaching $0.04947.
- Bithumb announces ANIME/KRW trading pair on the Arbitrum network.
- Market cap hits $278 million, with trading volume up 132% to $352 million.
The Animecoin price has soared 9% in the last 24 hours to trade at $0.04947 as of 5 a.m. EST on a 132% pump in trading volume to $352 million. This recent uptick in price for ANIME comes just ahead of the announcement of its native token listing on Bithumb, one of the largest exchanges in South Korea. That has pumped it 15% from its weekly low of $0.0437. Presently, the market capitalization of the token stands at $278 million.
🚀 애니메코인(#ANIME) 원화 마켓 추가 안내
New Listing : $ANIME will be added to the KRW market today.For more details 👉 https://t.co/7AXcqaxF2h
#bithumb #Listing #KRWmarket #ANIME @animecoin pic.twitter.com/2BiU0OocLl— Bithumb (@BithumbOfficial) January 31, 2025
The rally came after Bithumb announced that an ANIME/KRW trading pair would go live on the Arbitrum network at 7 PM KST on January 31. Early trading limits will include a five-minute freeze on buy orders, while sell orders will be restricted to -10% to +100% of the base price, which is expected to be $66.11.
Afterward, automated trading starts. The trading pair with the KRW provides for direct trades of ANIME for and with South Korean won, thus extending accessibility and, consequently, the demand for the token.
Animecoin Statistics
- Animecoin Price: $0.04947
- Market Capitalization: $247 million
- Trading Volume: $352 million
- Circulating Supply: 5.53 billion
- Total Supply: 10 billion
Animecoin Price Rides the Parabolic Curve
The ANIME/USD pair is trading at $0.04987 on the 1-hour chart, up +2.91% in the last few hours. The price has shown great bullish momentum as it rises in a parabolic curve. This upward movement comes after the price consolidated around the support zone of $0.04400-$0.04500, where the price stabilized and gathered enough momentum for a breakout. This support area acted as an important level for buyers to take over after a previous downtrend and marked the point of change in market sentiment.
The breakout has pushed the price close to $0.05000, which also corresponds with the neckline of this movement. A higher break of this resistance would confirm the bullish continuation and could provide any rally toward the $0.05600-$0.05800 area based on parabolic extension and historical price action.
Technical indicators confirm the bullish point of view, with the 50-period MA at $0.04587, well below the current price. This hints that the short-term trend has clearly turned up, and the price is managing to hold above this dynamic support. The MACD indicator confirms such momentum, wherein the MACD line stands at 0.00038 while crossing above the signal line at 0.00056.
The taller green histogram bars reflect increasing buying pressure and point to the continuation of the rally. Also, the RSI is at 67.43, which shows strong buying interest but is getting closer to overbought territory. If the RSI breaks above 70, a temporary pullback or consolidation phase may ensue before the next leg up.
ANIME/USD Eyes Breakout Amid Strong Bullish Momentum
The ANIME/USD pair shows strong bullish momentum, with both price action and technical indicators supportive of further upside potential. The immediate challenge for bulls is breaking through the $0.05000 resistance. If this level is cleared, the next likely target lies in the $0.05600-$0.05800 range. However, traders should watch the RSI, as its approach to overbought levels could indicate a potential cooling-off period.
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Charles Kibue
Charles Kibue is a cryptocurrency researcher and writer with published works on Crypto2Community and a range of other sites. He has also worked as a technical writer, researching NFTs and crypto projects. Charles is an English Literature graduate residing in Kenya. He possesses additional expertise in market analysis and offers accurate and reliable insights, staying up-to-date with the latest developments in the crypto industry. Beyond his professional pursuits, Charles enjoys hiking and horse riding in his leisure time.
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