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Biaoqing price has dropped by 10% in the past 24 hours, trading at $0.02991, and trading volume has dropped by 30% to just $6 million as of 10:23 PM EST.
This drop occurred despite BIAO being the most popular meme coin over the past week, gaining 1,57%, according to data from Coingecko.
Biaoqing price is about to see a strong trend reversal in the ascending triangle.
Biaoqing price has been performing strongly since its listing earlier this month, experiencing a phase of appreciation that saw it reach a record high of $0.0515, according to data from GeckoTerminal.
After reaching its highest point, the price of BIAO has been fluctuating between lower lows and higher highs within an ascending triangle pattern.
BIAO price is trading well above the 200-day simple moving average (SMA), which confirms that the coin still has room to rise in the long term. If the bulls can sustain this momentum, BIAO price might still break the $0.03510 resistance (50-day SMA).
However, the price of Biaoqing has fallen back to the lower border of the triangle, accompanied by the relative strength index (RSI) also falling into the 30 oversold area and is currently trading at the 38 level.
Biaoqing Price Prediction
Biaoqing price technical analysis shows that BIAO is currently in a slightly bearish trend but is still trading within an ascending triangle pattern. Bulls may take advantage of this and push the coin up to the upper border of the triangle with the target of new highs at $0.075.
Additionally, as the RSI crosses oversold levels, bulls may start buying more, driving the token price higher.
Conversely, if the bears continue to apply more pressure at this level, the coin might break the important support of $0.02960, pushing the coin below the triangle and the bulls retreat to the next support area of $0.02239.
Meanwhile, as “China’s Pepe” prepares to embark on a bullish rally, other investors are buying into the presale of the new memecoin.
Pepe Unchained (PEPU)
,
YouTube channel 99Bitcoins said PEPU is one of the best cryptocurrencies currently and has the potential to surge 100 times after listing.
Pepe Unchained raised over $150,000 within minutes of going public and has since soared to over $363,000.
Pepe Unchained aims to emulate its predecessor, the original Pepe (PEPE), which is the third-largest meme coin in the crypto market with a market cap of nearly $5 billion.
But it is the first Pepe token to run on its own proprietary Ethereum layer 2 blockchain. With this, the project aims to solve the scalability, speed, and efficiency issues that typically plague memecoins on Ethereum’s layer 1 blockchain.
Who needs some brain powder?
Pepe is preparing to officially launch his own blockchain!
pic.twitter.com/kZC72UmxFy
– Pepe Unchained (@pepe_unchained)
June 20, 2024
As a memecoin on the second layer blockchain, Pepe Unchained will allow investors to seize market opportunities with greater efficiency.
Moreover, since the staking of PEPU tokens provides an annual yield of 7606%, investors do not need to painfully hold tokens in the hope of high returns.
You can buy one $PEPU token for $0.008. With prices rising in less than two days, buy as soon as possible to lock in the best deal.
To participate in the pre-sale event, purchase $PEPU token from the official website here
, you can use ETH, USDT or bank card.
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Emoji Price Prediction: BIAO becomes the champion of meme coins, up 157, analysts recommend alternative coins that can achieve 100 times the return
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