{"id":130049,"date":"2024-11-25T22:17:45","date_gmt":"2024-11-25T15:17:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=130049"},"modified":"2024-11-25T22:17:45","modified_gmt":"2024-11-25T15:17:45","slug":"spqr-crypto-elon-musk-inspired-memecoin-could-gain-162-how","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=130049","title":{"rendered":"SPQR crypto: Elon Musk-inspired memecoin could gain 162% &#8211; How?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul class=\"ul1\">\n<li class=\"li3\"><em><span class=\"s2\">The origins of SPQR crypto can be traced back to a tweet from Elon Musk.<\/span><\/em><\/li>\n<li class=\"li3\"><em><span class=\"s2\">Since its launch, SPQR has experienced two notable rallies followed by declines \u2014 is a third surge coming?<\/span><\/em><\/li>\n<\/ul>\n<p class=\"p3\"><span class=\"s2\">Within 24 hours of its launch, memecoin SPQR saw an explosive rally, recording an 861% increase in value. <\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">Technical analysis and indicators suggested that the memecoin could continue on an upward trajectory, with the potential for additional gains in the near term.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">AMBCrypto\u2019s analysis provides more insights on what to expect from the asset. <\/span><\/p>\n<h2 class=\"p4\"><span class=\"s4\">Elon Musk\u2019s tweet sparks creation of new memecoin<\/span><\/h2>\n<p class=\"p3\"><span class=\"s2\">In the past 24 hours, Elon Musk took to his X (formerly Twitter) account to <a href=\"https:\/\/x.com\/elonmusk\/status\/1860531300471570872\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">post<\/a> the term \u201cSPQR,\u201d which is an abbreviation for the Latin phrase \u201cSenatus Populusque Romanus,\u201d meaning \u201cThe Senate and the People of Rome.\u201d<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">The post fueled excitement in the crypto market, leading to the launch of a new memecoin, SPQR, with Musk\u2019s image as its mascot.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">According to <a href=\"https:\/\/solscan.io\/token\/9wyheK9Eqy92cRPM4PBGmtZseizVJ4ZpZgF8Jcswpump\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">data from Solscan<\/a>, the SPQR token had a market capitalization of $333,492.91 at press time and a circulating supply of 999,904,298.92. At the time of writing, the token has garnered 3,953 holders.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">Given the current market enthusiasm, SPQR is set for potential further gains. Technical patterns identified by AMBCrypto, along with market trends, suggested that this momentum could continue.<\/span><\/p>\n<h2 class=\"p4\"><span class=\"s4\">SQPR crypto: Bullish triangle forms<\/span><\/h2>\n<p class=\"p3\"><span class=\"s2\">SPQR\u2019s price action revealed the formation of a bullish triangle pattern, indicating that market participants were positioning themselves for a potential rally.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">The token has been fluctuating within a narrowing range, defined by a descending resistance line and a horizontal support level. <\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">If SPQR breaks out of this pattern, the price could surge up to 162.45%, potentially reaching $0.0007963.<\/span><\/p>\n<div id=\"attachment_446148\" style=\"width: 1340px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/181C0D26-F8C4-4930-9D98-4DBA4C2CCE56.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-446148\" class=\"wp-image-446148 size-full\" alt=\"\" width=\"1330\" height=\"641\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/181C0D26-F8C4-4930-9D98-4DBA4C2CCE56.png 1330w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/181C0D26-F8C4-4930-9D98-4DBA4C2CCE56-300x145.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/181C0D26-F8C4-4930-9D98-4DBA4C2CCE56-1024x494.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/181C0D26-F8C4-4930-9D98-4DBA4C2CCE56-768x370.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/181C0D26-F8C4-4930-9D98-4DBA4C2CCE56-1200x578.png 1200w\" data-lazy-sizes=\"(max-width: 1330px) 100vw, 1330px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/181C0D26-F8C4-4930-9D98-4DBA4C2CCE56.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-446148\" class=\"wp-image-446148 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/181C0D26-F8C4-4930-9D98-4DBA4C2CCE56.png\" alt=\"\" width=\"1330\" height=\"641\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/181C0D26-F8C4-4930-9D98-4DBA4C2CCE56.png 1330w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/181C0D26-F8C4-4930-9D98-4DBA4C2CCE56-300x145.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/181C0D26-F8C4-4930-9D98-4DBA4C2CCE56-1024x494.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/181C0D26-F8C4-4930-9D98-4DBA4C2CCE56-768x370.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/181C0D26-F8C4-4930-9D98-4DBA4C2CCE56-1200x578.png 1200w\" sizes=\"auto, (max-width: 1330px) 100vw, 1330px\"\/><\/a><\/p>\n<p id=\"caption-attachment-446148\" class=\"wp-caption-text\">Source: Dexscreener<\/p>\n<\/div>\n<p class=\"p3\"><span class=\"s2\">Should momentum persist, SPQR could push higher, possibly revisiting its previous highs, as past consolidation phases have shown similar behavior which led to sharp rallies.<\/span><\/p>\n<h2><strong>Criteria for a bullish run<\/strong><\/h2>\n<p>At the time of writing, the Balance of Power (BoP) indicator, which reflects the strength of market control between bulls and bears, showed that the bulls were in charge.<\/p>\n<p>SPQR was trading in the positive region, signaling upward momentum.<\/p>\n<p>However, a resistance line at 0.94 on the BoP chart has capped further gains for SPQR. If the token manages to break above this level, it would strengthen the bullish outlook. As of now, SPQR has a BoP reading of 0.92.<\/p>\n<div id=\"attachment_446147\" style=\"width: 1340px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C6E59823-E008-4040-96FC-1E975FCB9A11.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-446147\" class=\"wp-image-446147 size-full\" alt=\"\" width=\"1330\" height=\"641\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C6E59823-E008-4040-96FC-1E975FCB9A11.png 1330w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C6E59823-E008-4040-96FC-1E975FCB9A11-300x145.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C6E59823-E008-4040-96FC-1E975FCB9A11-1024x494.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C6E59823-E008-4040-96FC-1E975FCB9A11-768x370.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C6E59823-E008-4040-96FC-1E975FCB9A11-1200x578.png 1200w\" data-lazy-sizes=\"(max-width: 1330px) 100vw, 1330px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C6E59823-E008-4040-96FC-1E975FCB9A11.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-446147\" class=\"wp-image-446147 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C6E59823-E008-4040-96FC-1E975FCB9A11.png\" alt=\"\" width=\"1330\" height=\"641\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C6E59823-E008-4040-96FC-1E975FCB9A11.png 1330w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C6E59823-E008-4040-96FC-1E975FCB9A11-300x145.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C6E59823-E008-4040-96FC-1E975FCB9A11-1024x494.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C6E59823-E008-4040-96FC-1E975FCB9A11-768x370.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C6E59823-E008-4040-96FC-1E975FCB9A11-1200x578.png 1200w\" sizes=\"auto, (max-width: 1330px) 100vw, 1330px\"\/><\/a><\/p>\n<p id=\"caption-attachment-446147\" class=\"wp-caption-text\">Source: Dexscreener<\/p>\n<\/div>\n<p>In addition, the Chaikin Money Flow (CMF), which tracks liquidity inflows to gauge market direction, has begun showing a gradual upward trend. If this continues, SPQR could potentially achieve the expected 162% gain.<\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/weekend-wipeout-bitcoin-stumbles-500m-in-liquidations-follow\/\" rel=\"prev\" data-wpel-link=\"internal\">Weekend wipeout: Bitcoin stumbles, $500M in liquidations follow!<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/spqr-crypto-elon-musk-inspired-memecoin-could-gain-162-how\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The origins of SPQR crypto can be traced back to a tweet from Elon Musk. Since its launch, SPQR has experienced two notable rallies followed by declines \u2014 is a &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=130049\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-130049","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/130049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130049"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/130049\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}