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The price of Alice Weidel’s coin has experienced a remarkable increase of 138% within the last 24 hours, currently trading at $0.001259 as of 7:20 a.m. EST. This surge is accompanied by a 17% rise in trading volume, reaching $6 million. The growth in the AFD token’s value follows the proposal from Germany’s far-right Alternative for Germany (AfD) party, led by Alice Weidel, advocating for the European Union to emulate the US Department of Government Efficiency, spearheaded by Elon Musk. The aim is to significantly reduce bureaucratic processes and unnecessary expenditures.
Weidel’s Call for Government Reduction Resonates
In a viral speech in parliament, Alice Weidel emphasized the necessity for a substantial reduction in government authority while championing the restoration of individual freedoms. This message resonates with Musk’s ongoing initiatives, particularly his management of Dogecoin, where he has been implementing similar principles. Musk previously referred to the AfD as “Germany’s only hope” while expressing criticism toward Chancellor Olaf Scholz.
AFD/USD Price Action and Resistance Levels
Recent activity in the AFD/USD trading pair reveals significant price movements, with the current trading price at $0.001259, showing a marginal increase of 0.06%. The price surged from roughly $0.00092 to about $0.0016, where it encountered resistance and subsequently transitioned into a consolidation phase. This consolidation range, which lies between $0.00110 and $0.00135, reflects a period of uncertainty in the market as traders assess the next steps following the swift price increase. The descending channel formed in this area indicates bearish tendencies, yet a recent breakout suggests a potential shift towards bullish sentiment.
Technical Indicators Suggest Bullish Momentum
The 50-period moving average at $0.00119202 acted as a strong support level during the consolidation phase. Buyers remain engaged as the price maintains above this threshold, averting a significant retracement. The breakout from the descending channel points towards a possible retest of the resistance region around $0.0016 to $0.0017, where previous upward movements faced selling pressure. Additionally, the MACD indicator reinforces this optimistic outlook, showing a crossover where the MACD line has crossed above the signal line, typically interpreted as a bullish signal. However, the histogram’s relative flatness indicates that buying momentum is still moderate and needs to build for a sustained upward trend. The RSI, currently at 54.18, reflects a neutral stance, suggesting that the asset is not currently overbought or oversold, allowing for further upward potential if market interest persists. Should bullish dynamics continue, AFD may target a breakthrough at the $0.0016 resistance level. Conversely, if selling pressure escalates, a drop below $0.0012 could lead to a re-entry into the consolidation zone, prolonging the sideways trading activity.
Meme Index Presale Approaches $4 Million – Next Major Crypto Rally?
As AFD prepares for another bullish advance, the Meme Index (MEMEX) presale is gaining momentum, having already exceeded $3.6 million in funding. The Meme Index is a decentralized investment platform designed to provide varied exposure to the meme coin sector, featuring four tiers of meme coin investment baskets: Titan, Moonshot, MidCap, and Frenzy. The Titan basket is positioned as the lowest-risk option, investing in well-established meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). Conversely, the Frenzy basket represents the highest risk, targeting the latest speculative projects with substantial upside potential.
Prominent Predictions for MEMEX Surge
Renowned YouTuber ClayBro, who has over 135,000 subscribers, anticipates that MEMEX could increase by 26 times post-launch. The platform’s native token, $MEMEX, functions as both a utility and governance token, allowing holders to engage in on-chain governance that shapes future developments, index compositions, and platform upgrades. Smart contracts guarantee secure and transparent transactions and index rebalancing. Furthermore, holders can stake their $MEMEX tokens to earn an impressive annual yield of 628%. Currently, MEMEX tokens are priced at $0.0161637 and can be acquired using ETH, USDT, BNB, or a credit card. Interested investors are encouraged to act swiftly before a price increase occurs in less than 18 hours.
