JEFE Coin Skyrockets 98x in 24 Hours – Here’s a Hidden Gem That Could Follow Next

cryptonews.com:

In the latest Solana meme coin pump, new crypto JEFE coin has exploded 98x, but as JEFE price analysis signals a downtick – could this other hidden gem be a superior play?

This article will provide an analysis of JEFE’s current price trends and look to see whether a newer meme coin, SMOG, represents a more promising Solana investment opportunity at this time.

$jefe is ready

Up 70% from my call earlier

9RyCXca1aMBknh5285ybDgr9xxQhHxzXfghLq4HS2wUx pic.twitter.com/1BmpsQX8kQ

— Jackson Hunter (@jhuntermav) February 20, 2024

Jefe token appears to be a play on the Spanish word for ‘Boss’, and the enigmatic token has gained major traction across the crypto community, with meme coin investors honing in on JEFE’s strong fundamentals and tokenomic proposition against a backdrop of Solana meme coin pumps.

As price actions balances a precarious consolidation, JEFE coin is currently trading at a market price of $0.00014811 (representing a 24-hour change of +7.77%)

Now stood as the hot #10 on DEXTools, retracement throughout the night appears to have left JEFE in poised form this morning, after retreating from an all-time high at $0.00042.

The -64% downshift swept into the chart following a sell-off by early-backers that moved to take profit on the astronomical 23,000% gain mounted by JEFE coin in its first 6-hours of trading.

A brief second-rally leg saw considerable efforts towards continuing the rally, however, rejection at overhead resistance around $0.0003117 stifled progress.

This has left JEFE trading in consolidation around lower support between $0.00091 and $0.00015, suggesting price action is coiling up ready for a move.

However, despite the whopping $800k in trading volume that delivered price action to the current position, JEFE’s