Deep Dive
1. Technical Rebound (Mixed Impact)
Overview: MANEKI’s RSI(14) rebounded from oversold 36 to 43.65, while the MACD histogram turned positive (+0.000018) for the first time in 3 weeks. The price reclaimed its 7-day SMA ($0.00055479), though remains below the critical 30-day SMA ($0.00056842).
What this means: The bounce lacks conviction – 24h volume ($3.19M) is 33% below the 30-day average, suggesting weak participation. With Fibonacci resistance at $0.000612 (61.8% retracement), sustained upside needs stronger momentum.
2. Liquidity Pool Migration Speculation (Bullish Impact)
Overview: On 15 August 2025, MANEKI announced plans to migrate from its original Solana LP to a “speed-optimized” pool, aiming to reduce slippage. Recent social chatter revived expectations of this upgrade (@UnrevealedXYZ).
What this means: Improved liquidity could attract larger traders, but execution risks remain high for a meme coin – the team hasn’t confirmed a timeline since the original announcement.
3. Airdrop Recipient Activity (Neutral Impact)
Overview: 28 July 2025’s Vader AI airdrop distributed MANEKI to 8,000+ wallets. On-chain data shows 14% of recipients still hold the tokens, with some accumulating during dips (VaderAI).
What this means: While not directly causing the rally, the locked supply from loyal airdrop holders (est. $280K) provides minor support against sell pressure.
Conclusion
MANEKI’s gains reflect technical mean reversion more than fundamental strength, with thin volumes and macro fear sentiment (CMC Fear & Greed Index: 22) capping upside. The key test is whether it can hold above the 30-day SMA – a failure here could resume the 90-day -57% downtrend.
Key watch: Confirmation of LP migration progress via official channels – delayed execution would likely trigger profit-taking.