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After a protracted bearish spell that saw the crypto market drop to multi month lows, bulls have finally found their way back to the crypto market. While the market is looking to go deeper into the greens, two altcoins that analysts are optimistic will lead the charge are Optimism (OP) and KangaMoon (KANG).
Top crypto analysts CryptoMegaz and Daniel Ramsey have both confirmed an ascending channel pattern for the Optimism crypto, suggesting a rally as high as $5. At the same time, backed by the momentum of the two major <a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">KangaMoon</a> listings, analysts are optimistic that KANG can peak as high as $0.50 soon.
<h2 dir="ltr" id="span-euphoria-builds-as-kangamoon-score-huge-listings-span">Euphoria Builds As KangaMoon Score Huge Listings</h2>
Over the last few months, KangaMoon has remained at the top of investors’ watchlist as the next big thing in the meme coin space. This new innovative project is built around a Social-Fi concept that many industry experts believe will be the biggest thing to happen to meme coins since the launch of Dogecoin.&nbsp;
Following the raise of more than $8 million in presale, the KangaMoon team has <a href="https://x.com/Kangamoon_P2E/status/1810320594765742277" target="_blank" rel="noopener noreferrer nofollow">announced</a> a listing on the leading centralized exchange (CEX), MEX. The listing of KANG comes shortly after the coin was <a href="https://x.com/Kangamoon_P2E/status/1807783971733823732" target="_blank" rel="noopener noreferrer nofollow">listed on BitMart</a>, another top CEX.&nbsp;
Such big listings have stimulated a buying frenzy among the buyers thus raising the price of KangaMoon. The price of KangaMoon has jumped above $0.060, but market experts are very optimistic about KANG, suggesting that the altcoin can hit the $0.50 mark before the end of Q3.
Also, focusing on the further development of the ecosystem, KangaMoon is ready for huge token price growth in the future. The project’s Social-Fi approach is centered on the community, recognizing and rewarding the members for their contribution. The active participants are given free tokens as a way of encouraging them to participate, thus enhancing the unity of the community.
KangaMoon is also growing its user base and a new gaming system is also to be launched in the near future. Besides that, KangaMoon is also focused on the GameFi sector, giving it a further edge over other meme coins, and will fuel a massive price increase for the crypto.&nbsp;
<h2 dir="ltr" id="span-analysts-give-bullish-predictions-for-optimism-op-span">Analysts Give Bullish Predictions for Optimism (OP)</h2>
Since the beginning of 2024, the price of Optimism (OP) has been in a descending channel, leading to its drop below the $2 support level. However, several top crypto analysts have now shifted their views about the Optimism coin after spotting a change in trend.
Daniel Ramsey, a top crypto analyst, explained in a <a href="https://x.com/ramseycrypto/status/1811800778715054128" target="_blank" rel="noopener noreferrer nofollow">post</a> on X that OP has formed strong support around the $1.50 level. He explained that this support is a confluence of the POC of VPVR, the 0.236 Fib level, and the bottom of its ascending channel.
According to Ramsey, Optimism now looks ready to continue its bullish path inside this ascending channel, and could possibly print a new all-time high (ATH) in the process. Based on his Optimism price prediction, a short-term target is at $3.170, while a mid-term target is at $4.900.
CryptoMegaz is of the same view and has <a href="https://x.com/cryptomegaz/status/1812947868178915773" target="_blank" rel="noopener noreferrer nofollow">forecasted</a> a price target of around $5 for the crypto. But Ramsey is more optimistic, he estimated that by the end of this swing, the Optimism price may hit $7.650.&nbsp;
<h2 dir="ltr" id="span-conclusion-span">Conclusion</h2>
With bullish momentum finally back in the crypto market, Optimism and KangaMoon are two altcoins traders are hyped about. While the price of OP looks set to see new highs, even more impressive is the forecasted 10x gains for KangaMoon as its Social-Fi concept seeks to establish it at the top of the meme coin market.
Discover the Exciting Opportunities of KangaMoon (KANG) Today!
Website: <a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">https://Kangamoon.com/</a>
Join Our Telegram Community: <a href="https://t.me/kangamoonofficial" target="_blank" rel="noopener noreferrer nofollow">https://t.me/Kangamoonofficial</a>
Buy KANG: <a href="https://www.mexc.com/exchange/KANG_USDT" target="_blank" rel="noopener noreferrer nofollow">MEXC</a>, <a href="https://www.bitmart.com/trade/en-US?symbol=KANG_USDT" target="_blank" rel="noopener noreferrer nofollow">BitMart</a>, <a href="https://app.uniswap.org/swap?outputCurrency=0xB1c9D42FA4bA691eFe21656A7e6953d999B990c4&amp;chain=ethereum?utm_data=aHR0cHM6Ly9rYW5nYW1vb24uY29tLw==" target="_blank" rel="noopener noreferrer nofollow">Uniswap</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/traders-are-optimistic-on-optimism-while-kangamoon-s-0-5-goal-is-in-focus-tbt97504.html">https://thebittimes.com/traders-are-optimistic-on-optimism-while-kangamoon-s-0-5-goal-is-in-focus-tbt97504.html</a>

Traders Are Optimistic on Optimism While KangaMoon’s $0.5 Goal Is in Focus

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TheBitTimes

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