Will Animecoin Keep Climbing After Breaking Above $0.034?

• Animecoin surges 5.08% in 24 hours with intraday gains and higher lows, supported by a 44.92% surge in trading volume.
• MACD crossover and positive histogram signal strong buying momentum, while RSI above 70 suggests overbought conditions.

Animecoin, a cryptocurrency set for the manga, has reported a positive action in recent sessions. ANIME offers a channel for fans to interact, and support their best characters. Additionally, it mixes crypto and anime, planning to make a decentralized place where fans can interact.

Tracking the trend, ANIME opened its day with a price of $0.03405 during the Asian trading session. During its market performance, the cryptocurrency reported a low of $0.03233 and a high of $0.03467 before a slight decline to its current levels.

A deeper view of its performance as of press time by CoinMarketCap data indicates that Animecoin (ANIME) trades at $0.03407, showing a 5.08% increase over the last 24 hours. Its market capitalization reached $188.75 million, rising at the same 5.08% daily growth rate as the 24-hour trading volume surged 44.92%, totaling $179.06 million during this period.

Source: CoinMarketCapThe volume-to-market-cap ratio hit 96.03%, indicating high trading activity compared to total value as the price chart showed intraday fluctuations, ranging from a low of $0.03273 to above $0.0345. Despite brief declines, the price trend ended upward, reflecting positive momentum across the observed time frame.

ANIME Technical Analysis: MACD and RSI Indicators

After a prolonged consolidation, Animecoin has started to invite bulls in its price trend. A 4H TradingView chart indicates that the MACD indicator shows bullish momentum with the MACD line at 0.00221 above the signal line at 0.00181.This crossover suggests increasing buying pressure as the histogram turns positive.

Source: ***TradingView (ANIME/USD Chart)***However, the RSI (14) is currently at 71.95, placing Animecoin in the overbought zone, above the 70 threshold. This level indicates strong buying interest but also a potential for short-term correction or consolidation.

The recent price action shows steady upward movement, with higher lows forming since late May. A continued RSI above 70 may lead to temporary pullbacks before potential continuation. MACD and RSI together indicate bullish sentiment, though the overbought status warrants caution. Traders may anticipate short-term volatility while the broader trend remains upward if momentum sustains.

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