Is Animecoin (ANIME) Making a Comeback as Token Exhibits 27% Surge Post Previous Bearish Trend?

• Animecoin has shown a significant price increase of 27.46% in the last 24 hours
• The altcoin began to show recovery over the past week after significant bearish movements last month.

Over the past few hours, the crypto market has begun to show mild recovery signs after a bearish lean in the last 24 hours. Bitcoin is progressing slowly towards its $86K resistance, raising speculations amid investors for a potential resurfacing above $88,000. Meanwhile, global tariff discussions have been reinitiated over the past few days

Notably, within the altcoin sector, significant members like Ethereum and Solana have begun to show upward movements, after weeks of dormancy. One other altcoin that showed significant growth is Animecoin. The digital asset shows a 27.46% surge in its daily price chart, thus catching market attention

In the evening hours of April 14, the altcoin was trading at a low of $0.01581. However, as bullish candles sparked, it has risen to current trading levels at the $0.020 level. With prices increasing exponentially, at the time of writing, ANIME was trading at $0.02006 as per CMC data

Zooming out onto its weekly price chart, Animecoin shows a significant 54.32% increase. This increase is mostly concentrated on the past day’s significant surge, although there were modest upward movements throughout the week

Will Animecoin Hit $0.01 Soon?

On analyzing the altcoin’s technical indicators its Moving Average Convergence Divergence (MACD) signal line stands way above the MACD line. This indicates the existence of an overall bearish trend. However, the RSI value stands at a high of 71.80 as per TradingView data

ANIME/USDT 4H Price Chart (Source: TradingView*)*This suggests that Animecoin is holding a positive market sentiment, from its existence in the oversold zone. If the digital asset manages to maintain its positive momentum in the coming days, then it can be expected to reestablish a bullish trend

In such a case ANIME might face resistance at $0.02919 and $0.04128. Meanwhile another altcoin, Kaspa, has shown similar price movements in the last 24 hours

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