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Jeo Boden Price
The political meme coin has plunged by more than 22% in the past 24 hours and is trading at $0.0337 as of 7:30 a.m. ET as investors dump their holdings.
The drop in BODEN prices comes as Polymarket weighs on President
Joe Biden
The odds of dropping out of the presidential race have soared by 176%. Yes, the stock on the gambling platform is currently trading at $0.63, which means the market believes that there is a 63% chance that Biden will drop out of the race.
Jeo Boden Price Tests Key Support Level
BODEN/USD 4-hour chart (Source:
GeckoTerminal
）
Jeo Boden price is testing the critical support of $0.03371. If it breaks below this important level, the memecoin could plummet to $0.00015 in the next 24 hours.
This bearish thesis may be negated if BODEN can stay above $0.03371 over the next 12 hours. In this case, the cryptocurrency will need to overcome multiple technical hurdles. Before Jeo Boden starts climbing towards the next resistance at $0.06601, it will need to break above the 9 exponential moving average (EMA).
If this technical indicator can be converted into a support level,
BODEN
A breakout above the longer 20 EMA will be needed next. A breakout above this level could pave the way for the meme coin to challenge the $0.06601 barrier.
If buyers give enough support, the Jeo Boden price may turn the $0.06601 threshold into support. This could set the stage for a potential rise to $0.09652 in the near term.
Technical indicators warn that Jeo Boden prices may continue to fall
Technical indicators on the BODEN 4-hour chart warn that the Jeo Boden price may continue to fall in the next few hours. First, the 9 EMA is below the 20 EMA line, which shows that the memecoin is in a short-term bearish cycle.
The Moving Average Convergence/Divergence (MACD) indicator on the 4-hour chart of BODEN also shows that BODEN is in a negative cycle. Currently, the MACD line is below the MACD signal line, with the former still below the latter. Traders may view this as a sign of increasing bearish momentum for BODEN.
On the 4-hour chart of BODEN, sellers are also taking over the buyers, which is shown by the relative strength index (RSI) value below 50. This indicates the presence of bearish strength. It also suggests that over the next 24 hours, it will be easier for bears to pull the price of Jeo Boden lower than bulls to push it higher.
Finally, a descending price channel has formed on the 4-hour BODEN chart. This comes after the price of Jeo Boden has been making lower lows and lower highs over the past few days.
While BODEN is in a negative price channel, investors are flocking to the presale of the earn-out Dogecoin derivative PlayDoge (PLAY).
A meme coin that uses the virality of a classic 90s game
PlayDoge (PLAY) is a memecoin project that aims to bring the popular Tamagotchi game from the 90s to the blockchain. Back then, these virtual pets were a global hit, with millions of units sold.
Since limited gameplay will eventually lead to the death of their virtual pets, players will eventually move on to the next trend. With the combination of blockchain and crypto technology, PlayDoge will reward players for taking care of their digital companions. Simply by making sure their pets get enough food, sleep, and love, players can earn cryptocurrency.
With its appeal to avid memecoin investors, coupled with the early popularity of the Tamagotchi game and the ability for players to earn crypto rewards, it’s no surprise that prominent crypto YouTuber Jacob Bury believes PLAY could be a 10x opportunity.
Investors are betting big on the future of PLAY
PlayDoge has raised over $5.3 million through its ongoing ICO, with investors rushing to accumulate the meme coin in its early stages. Another factor attracting investors is that pre-sale buyers can earn an annual return of 1,08% by staking their tokens.
Investors can participate in this lucrative staking opportunity simply by purchasing and locking up PLAY tokens. Anyone who wants to start earning these rewards can purchase MEME tokens through a simple purchase widget embedded on the project website.
Priced at $0.00515, PLAY can be purchased using ETH, USDT, BNB, or a bank card. Investors need to hurry as the token price is scheduled to rise in a little over 22 hours.
Purchase and stake PLAY here to earn up to 108% annual income.
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