Maneki, a Solana-based cat-themed meme coin, has partnered with Sheffield United Football Club. The EFL Championship club named Maneki as its principal partner for the 2024-25 season. Will this partnership help the meme coin reversal?
The club revealed this partnership during Sheffield United’s recent win over Leeds United FC. The team wore red and white stripes, with the Neko emblem proudly displayed on the front.
Maneki aims to connect with fans through unique digital and stadium experiences. The Maneki-Neko, a symbol of good luck and prosperity, represents the coin’s vision. Maneki wants to build a community centered on fortune and shared success, just as it has done in the crypto space.
Maneki Price Update: Strong Momentum Following Sheffield Partnership
Maneki’s price shows strong momentum. The red horizontal line at $104.02 million marks a key resistance level. Maneki has failed to break above this level before. A breakout now would signal a bullish trend.
The green horizontal line at $36.63 million is a strong support level. The price has bounced back from this level several times in the past.
It’s save to say; The consolidation/accumulation period is over and it’s time to see major move on $Maneki as expected.
Don’t Trade, just Believe!📌🧲$Michi $Popcat $Ponke $Spx https://t.co/f0biD3olGI pic.twitter.com/tNiCr4H1zk
— Vicabo💎🧲 (@im_vicabo) November 8, 2024
The 100-day moving average (MA) sits at $49.05 million. Maneki recently moved above this average, which is a bullish sign. It suggests a potential trend reversal and ongoing upward momentum.
The RSI indicator reads 69.10, indicating that Maneki crypto is nearly overbought territory. If the RSI exceeds 70, it could mean the token is overbought, which might lead to a short-term correction. However, a continued rise in trading volume could keep the momentum going despite the high RSI level.
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