Animecoin Explodes 27% in Price Surge, Signaling Potential Comeback?

Animecoin (ANIME) experienced a significant price increase of 27.46% within the last 24 hours. This surge follows a period of bearish movement earlier this month and marks a notable comeback for the altcoin. Analysts attribute this rise to expanding DeFi applications and increased institutional investment. The wider cryptocurrency market has shown mild recovery signs after experiencing a recent downturn, with Bitcoin slowly approaching its $86K resistance. Meanwhile, renewed global tariff discussions have sparked investor interest. While Ethereum and Solana have also begun displaying upward trends following weeks of inactivity, Animecoin stands out as one of the most notable gainers. The digital asset has climbed from lows of $0.01581 to current trading levels of $0.02006 according to CMC data, with a substantial 54.32% increase observed on its weekly price chart. The MACD signal line indicates an overall bearish trend. However, the RSI value stands at a high of 71.80, suggesting that Animecoin is holding positive market sentiment in the oversold zone. If it can maintain this momentum, it could signal a return to a bullish trend. Resistance levels could be encountered around $0.02919 and $0.04128. Notably, similar price movements have been observed in Kaspa, another altcoin experiencing upward trends.