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The Book Of Meow Price has skyrocketed 175% in the past week to trade at $0.04693 as of 4:50 a.m. EST.
$BOMEOW AINT STOPPING ANY TIME SOON! 🚀🫡
STILL TRENDING ON CMC AT THE #6 SPOT! 🔥🔥🔥
MORE MARKETING, MORE LISTINGS, NEW INVESTORS — NO WAY WE’RE STOPPING ANY TIME SOON! 🙌🔥https://t.co/nWl7RNw3XN#BTC #SOL #ETH #BOMEOW pic.twitter.com/EkkficX63z
— Book of Meow ($BOMEOW) (@Bomeow_solana) April 7, 2024
Book Of Meow Price Prediction
Looking at an in-depth analysis, the Book Of Meow price action is within a descending channel, indicated by the parallel blue lines sloping downwards as the token now corrects from its previous pump.
This suggests a short-term bearish trend. A significant move above the channel’s upper boundary with increased volume could signal a potential reversal of the trend. Conversely, a breakdown below the lower boundary with substantial volume might indicate a continuation or acceleration of the bearish trend.
On the other hand, the Moving Average Convergence Divergence (MACD) line (blue) were previously below the signal line (orange), and the histogram bars were predominantly red and below the zero line, suggesting strong bearish momentum earlier on.
However, there appears to be a convergence between the MACD line and the signal line, indicating a potential reversal or a slowdown in the bearish momentum, as the bars also shift to the green zone.
The Average Directional Index (ADX) is around 29.49, which suggests a strong downward trend. However, its southern trajectory could mean that the downtrend is weakening.
The last candle on the chart is red, indicating selling pressure, but it’s not large enough to suggest a strong bearish movement. It’s also within the channel, supporting the ongoing bearish trend.
15-minute BOMEOW/USD Charts | Source: DEXtools
Meanwhile, as the Book Of Meow price corrects, Solana meme coin rival Smog (SMOG) is emerging as another alternative for investors as the token’s developer hints at adding another top-tier exchange listing.
Book Of Meow Price Prediction: Is Smog A Better Alternative?
Smog listed last week on MEXC, the 11th-largest crypto exchange based on trading volume, helping to maintain its positive trend.
We're thrilled to announce that the @SMOGToken Kickstarter has concluded and $SMOG will be listed on #MEXC!
🔹Deposit: Opened
🔹SMOG/USDT Trading in the Innovation Zone: 2024-04-04 09:00 (UTC)Details: https://t.co/3ecyvrTv2n pic.twitter.com/kvgoFiYOib
— MEXC (@MEXC_Official) April 4, 2024
An exchange listing typically elicits positive reactions from investors because it exposes a cryptocurrency to a larger trading community, which often results in a significant short- to medium-term price increase.
Other SOL meme coins including Dogwifhat (WIF) and Book of Meme (BOME), both saw strong price increases after their recent listings on Binance, the world’s largest crypto exchange.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
Huge Airdrop
A big part of Smog’s success is its promise to deliver “the greatest airdrop of all time.” The first season of the airdrop ended on Apr. 3 after $1 million was given away.
The second season of Smog’s big airdrop campaign is now underway, making it more than just an excellent opportunity for speculative trading.
The second season will emphasize on-chain and trading activities, with the Zealy leaderboard reset to give every player an equal chance to rise to the top.
Crypto analyst and YouTuber Jacob Bury includes Smog in his top five picks for the best meme coins to buy now.
The best place to buy SMOG is on the official website, where you can get a 10% discount while the offer lasts. Buyers who stake their Smog tokens can also earn a 42% annual return. Investors can use a bank card, ETH, or USDT to buy SMOG.
Visit the official website to buy SMOG here.
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