Book of Meme has lost 8% in the past 24 hours and is currently trading at $0.01165 as of 01:34 AM EST. Trading volume has dropped by 25%.
The bloodbath is sweeping the industry, and BOME is not the only trendy coin that is falling. Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have all lost close to 5%. This happened after the price of Bitcoin fell below the $66,000 level. The only trendy coins that are currently rising are PORK, MANEKI, and ELON.
Today's trendy coin bubble
$PORK
+9.9%
@PorkCoinETH
pic.twitter.com/dK0VW6LO2A
— vbart (@vbart_eth)
May 17, 2024
Book of Meme Price Prediction
According to the one-day chart of the BOME/USD trading pair, Book of Meme price is facing resistance at the 78.6% Fibonacci level of $0.01186. This level has kept BOME price blocked since April.
A sustained breakout and close above the above levels will attract more buy orders. The ensuing buying pressure could push Book of Meme price into the golden Fibonacci zone, which stretches from the 61.81 TP3T Fibonacci retracement level $0.01544 to the 38.21 TP3T Fibonacci retracement level $0.02047.
At the Fibonacci Golden Zone, traders look for potential reversals or trend continuations based on price action within the zone. When price breaks above the 38.2% Retracement, it could indicate that the zone is a strong support level. Below the 61.8% Retracement, the zone is a strong resistance level based on historical price action.
The Relative Strength Index (RSI) continues to set new lower lows, indicating that bullish momentum and sentiment are gradually increasing. The green bars of the Moving Average Convergence Divergence (MACD) also reinforce this view. In addition, the MACD is moving above the orange area of the signal line, highlighting the bullish view.
Traders looking to go long on BOME should wait for Book of Meme price to close above $0.01186. However, it may be safer to be overly ambitious. Profits for conservative traders would be better placed below the key 61.8% Fibonacci Retracement level of $0.01544.
GeckoTerminal: BOME/USD one-day chart
The opposite situation
If the 78.6% Fibonacci retracement level of $0.01186 holds as resistance, Book of Meme price may pull back. If it falls below the 7-day simple moving average (SMMA) $0.01098, BOME price will be on the edge of a cliff and may fall back to the range low of $0.00730.
Therefore, traders looking to short on BOME may consider waiting for a break below the aforementioned moving averages.
Meanwhile, the new trend coin WienerAI (WAI) raised over $2 million in its initial coin offering (ICO). 99Bitcoins, a well-known cryptocurrency YouTube channel with over 700,000 subscribers, believes that $WAI could have 100x potential after it goes public.
A promising alternative to Book of Meme
WienerAI cleverly combines two of the hottest areas in the cryptocurrency world: trendy coins and artificial intelligence.
On the trendy coin side, WienerAI combines the loyalty of a dachshund with a playful homage to tasty sausages, offering more laughs than your average AI coin and more utility than most trendy coins.
In terms of artificial intelligence, the project recently added a trading bot to its platform, featuring user-friendly AI-enhanced trading, seamless exchange capabilities, and zero fees. As a WAI token holder, you can get in on the game early with the project's prediction technology, simple yet comprehensive interface, and unlimited functionality. WienerAI's trading bot gives you an edge in trading.
All in all, this groundbreaking Trendcoin token and trading bot merges artificial intelligence (AI), canine loyalty, and cryptocurrency trading into a unique global movement.
WienerAI is more than just a trading robot
It's your AI trading companion!
More details coming soon!
pic.twitter.com/HG5C0tE6Rk
— WienerAI (@WienerDogAI)
May 14, 2024
WAI aims to emulate and surpass the success of other dog-themed trend coins like Dogecoin or Shiba Inu. In a way, it is similar to the AI trend coin Scotty the AI ($SCOTTY), which raised over $10 million in an ICO earlier this year.
Don't keep your dog on a leash.
Let it fly
pic.twitter.com/ofLP1CxPxT
— WienerAI (@WienerDogAI)
April 28, 2024
Buy and stake WienerAI
Investors have the opportunity to stake $WAI at an annualized rate of return of 493%. The development team has used 20% of the 6.9 billion token supply for staking rewards. So far, more than 2.098 billion WAI tokens have been staked.
Let us do the heavy lifting.
You just need to relax ️
The current staking reward is 941%
pic.twitter.com/uTq71ylxTF
— WienerAI (@WienerDogAI)
May 4, 2024
WAI tokens are currently selling for $0.000707. There will be a price increase soon, if you are interested, buy now.
Click to access and purchase WienerAI tokens.
Also read:
How to buy WienerAI - $WAI pre-sale review
WienerAI Price Prediction – $WAI Price Potential in 2024 and Beyond
Best AI Cryptocurrency Projects: Top Picks for 2023
New AI Trendcoin Presale WienerAI Launches Trading Robot AI Companion, Raises $700,000
Smog (SMOG) — A trendy coin with rewards
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