Koma Inu (KOMA), dubbed because the son of Shib and protector of BNB, is showing signs of one more likely rally, following a necessary pullback after it reached a brand new all-time high (ATH) on December 11.
With the formation of an inverted hammer and hammer candlesticks signalling a bullish pattern reversal, Koma Inu would be poised for a brand new ATH, in particular with strengthen from DWF Labs and famend swap listings.
DWF Labs’ backing and swap listings enhance Koma Inu’s market presence
Before the hot bullish reversal, Koma Inu witnessed a necessary rally on December 11 fueled by its alternative because the first recipient of DWF Labs’ $20 million Meme Fund.
We’re very cosy to affirm our partnership with @DWFLabs! 🎉 As a number of the recipients of the DWF Meme Fund, we’re proud to collaborate with DWF Labs to extra our mission of bringing creativity and neighborhood to new heights within the Web3 condo. Collectively, we’re committed to…
DWF Labs, a illustrious crypto enterprise capital agency, has a historical previous of supporting meme coin initiatives, and its backing has equipped Koma Inu with the financial sources and strategic guidance wanted to boost its market reach.
Moreover, Koma Inu has secured listings on necessary centralized exchanges (CEXs) such as Binance, Bybit, Phemex, SpuerEX, XT, and Bitget.
These exchanges, with a mixed day-to-day trading quantity exceeding $46 billion, have given the meme coin publicity to a wider investor putrid, contributing to its mark surge.
Moreover, Koma Inu’s inclusion in KuCoin’s GemVote occasion extra boosts its possibilities of being listed on a number of the sector’s main exchanges.
The strengthen from these high-profile platforms mixed with the continuing token burn is accountable for fueling Koma Inu’s contemporary gains, positioning it for increasing its prolonged-time-frame likely.
Koma Inu technical analysis indicators a sturdy bullish reversal
After the pullback following its ATH, the coin has confirmed a clear bullish reversal sample on the day-to-day chart.
The formation of an inverted hammer candlestick, indicating market indecision with the functionality for a shift in momentum to the upside, marked the starting of this bullish pattern reversal.
The affirmation of the pattern reversal got here shortly after with the look of a hammer candlestick, solidifying the bullish sentiment out there.
With these key technical formations in play, Koma Inu appears effectively-positioned for extra upward circulation.
Merchants and traders are intently monitoring the mark motion, as a continuation of this bullish pattern may perhaps possibly consequence within the meme coin reaching a brand new ATH.
The submit Koma Inu mark soars as technical sample indicators likely for a brand new ATH seemed first on Invezz
