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The Billy price has soared 46% in the last 24 hours to trade at $0.06302 as of 7:10 a.m. EST on a 131% pump in trading volume to $40 million.
Billy Price Signals The Possibility Of A Bullish Rally
The BILLY price in a one-day timeframe reveals several critical technical aspects. Currently, the price is trading at $0.06463, following a significant decline from its previous highs near $0.3000.
The 50-day Simple Moving Average (SMA), presently at $0.03381, is trending downward, reflecting the previous bearish trend. However it now acts as an immediate support trading below the price.
Currently, the price is rallying above the SMA, which could indicate a potential trend reversal.
The Moving Average Convergence Divergence (MACD) indicator is currently crossing above the signal line from below, signaling a bullish trend. Additionally, the MACD histogram has started to enter positive territory, indicating that momentum is shifting in favor of the bulls.
The Relative Strength Index (RSI) sits at 69.21, near the overbought level of 70. This indicates intense buying pressure for BILLY. However, the market could soon face a downturn if the RSI rebounds on the 70 mark.
There is also a possible formation of a rounded bottom, a bullish reversal pattern indicating a gradual transition from a downtrend to an uptrend. If the price continues to rise and confirms this rounded bottom pattern, it could signal a more significant upward movement.
BILLY Price Could Continue The Bullish Rally Above the 50-SMA
The key support level is at $0.01669, which has proven resilient during the recent downtrend, preventing further price declines. A break below this support would indicate additional downside risk, but given the current technical indicators, that seems unlikely.
The first major resistance level to monitor is at $0.1144 above the 50-SMA. A breakout above the 50 SMA confirms the beginning of a new bullish trend. Should the price surpass this resistance, the next resistance could be around $0.2330.
Considering the potential rounded bottom formation, the bullish signals emerging from the MACD and RSI, and the strong support at $0.01669, the BILLY price will likely break above the $0.1144 resistance in the coming days or weeks.
If this breakout materializes, the price could rally upwards, offering significant upside potential compared to the current price of $0.06373.
Pepe Unchained Raises Over $15 Million In Presale: Next Crypto To Explode?
As the Billy price surges, investors are also flocking to the layer-2 meme coin rival Pepe Unchained (PEPU), which has raised over $15 million in one the most successful presales this year. An incredible $1.5 million of that was added in the past week alone.
Popular YouTuber ClayBro, with 130K subscribers, notes that whale investors are among those ”loading up” on PEPU tokens.
Pepe Unchained (PEPU) is set to provide a much-needed upgrade to the saturated meme coin sector, which has contributed to outages on both the Solana and TON blockchains.
By launching on its proprietary layer 2 blockchain, the project aims to alleviate the computational burden that meme coins place on layer-1 networks by transferring their transactional activities to a separate blockchain.
As part of this transition, various cryptocurrencies are likely to migrate to Pepe Unchained’s blockchain, with the popular frog-themed PEPE token perhaps being the first in line.
This shift will enable PEPE enthusiasts to experience a 100 times increase in transaction speeds while allowing them to send and receive crypto at a significantly reduced cost using the Pepe Unchained blockchain.
As a layer-2 chain, investors will have the flexibility to move value seamlessly between the secure Ethereum network and the lightning-fast Pepe Unchained blockchain.
Pepe Unchained — Groundbreaking Layer 2 Blockchain technology.
Welcome to the future of meme coins. 🐸 pic.twitter.com/iC9b6YSynT
— Pepe Unchained (@pepe_unchained) September 6, 2024
Additionally, developers are expected to create decentralized applications on the Pepe Unchained network, transforming it into more than just a platform for the next wave of meme coins. This initiative follows the launch of a developer grant program called “Frens With Benefits.”
In addition to its appeal as a meme coin and layer-2 solution, PEPU also offers an attractive 138% APY for presale buyers who stake their tokens.
Currently priced at $0.00986, you can buy PEPU using ETH, USDT, BNB, or a bank card. But don’t take too long as the price is set to increase in less than 2 days.
Purchase PEPU on the official website here.
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