The price of the meme coin Apu Apustaja (APU) has skyrocketed by 26% in the last 24 hours, reaching $0.0009701 as of 7:07 a.m. EST. This surge was accompanied by a 2% increase in trading volume, which reached $7.3 million.

The pump has propelled APU to become the 14th largest meme coin, with a market capitalization of $310 million.

Apu Apustaja Price Breaks Out of Falling Wedge Pattern

The APU price indicates a brief consolidation around $0.0009865, followed by a downtrend from its peak at $0.001207. The struggle between bulls and bears has led to the formation of a falling wedge pattern, which typically signals a bullish trend reversal.

The price is currently trading above the 50 and 200 simple moving averages, indicating positive momentum. The Relative Strength Index (RSI) has rebounded from the oversold level of 30, crossed the midline of 50, and reached 74, suggesting strong buying pressure for APU. The MACD indicator also supports this bullish trend, with green bars and a recent crossover above the signal line, further boosting confidence in a price increase.

SpongeV2: The Next Potential 100X Meme Coin?

With the risk of a potential drop in the APU price, some traders are turning their attention to SpongeV2, which is offering the last chance to buy before its launch on top-tier exchanges.

SpongeV2 boasts upgraded features and offers even better opportunities for investors than SpongeV1, which skyrocketed 100X in a bear market, reaching a peak market cap of $100 million.

Investors can earn passive income through SpongeV2's staking mechanism, which offers an annual yield (APY) of 162% on Ethereum and 335% on the Polygon network.

Furthermore, SpongeV2 is preparing to launch a racing game in which players can earn rewards in SPONGEV2 tokens. In the paid version of the game, SPONGE will serve as the in-game currency.

Crypto analyst and YouTuber Claybro, with over 127k subscribers, believes that SpongeV2 could surge 100X upon launch. If you are interested, now is the ideal time to buy and stake your $SPONGE tokens, as the launch may take place at any moment.