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The Pwease price surged over 41% in the last 24 hours to trade at $0.03026 as of 6:09 a.m. EST as investors rush to buy the crypto.
PWEASE is a new meme coin that is part of a wave of cryptos that have gone viral for mocking US Vice President J. D. Vance.
Ever since his heated Oval Office exchange with Ukraine’s President Volodymyr Zelensky, there has been a flurry of meme coin’s inspired by Vance.
Pwease Price Prints Multiple Higher Lows
4-hour chart for PWEASE/USD (Source: GeckoTerminal)
The Pwease price has been in a positive trend over the past 48 hours, printing a series of higher lows on the 4-hour chart during this period, GeckoTerminal data shows. This has resulted in the emergence of a positive trend line, which, if the crypto continues to trade above this level, could lead to PWEASE overcoming the $0.03167 resistance.
Continued pressure from buyers could even lead to the Pwease price rising to as high as $0.03898 in the short term. However, a rejection from the $0.03167 barrier within the next 12 hours might invalidate the bullish thesis.
In a more bearish scenario, the Pwease price could end up testing the closest support at $0.2320 if traders decide to take profit. If the crypto falls below this technical safety net, it might plunge to the subsequent support at $0.01298.
Technicals Suggest The Pwease Price Might Continue To Rise
From a technical point of view, indicators on the 4-hour chart such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest the Pwease price might continue climbing in the next few hours.
RSI readings had dropped over the past few hours, but have recently started to tick up again. This change in direction signals growing buyer strength, which could suggest that buyers are gearing up to push the Pwease price up again.
Meanwhile, the MACD line is positioned above the MACD Signal line. The current orientation of these two technical indicators is often seen as a sign of bullish momentum. While the MACD line has started to drop towards the MACD Signal line slightly, the rising RSI values suggest the crypto’s bullish momentum will start to pick up steam again soon.
As the Pwease price tries to keep its positive move going, investors are piling into a new meme coin called BTC Bull Token (BTCBULL).
According to 99Bitcoins, a prominent YouTube channel with over 725K subscribers, BTCBULL ”could make us rich.”
A Meme Coin Giving Investors Free Bitcoin
BTC Bull Token is a BTC-inspired meme coin that aims to support the largest crypto by market cap on its journey to $1 million and beyond.
As Bitcoin soars to new all-time highs, BTC Bull Token will reward its holders with free BTC via airdrops at certain price milestones.
The first Bitcoin price milestone that will trigger airdrops is $150K, and there will be more for every $50k price increase thereafter.
In addition to the BTC airdrops, there will also be BTCBULL token burns at certain price milestones.
These start when BTC hits $125K, and will repeat with every subsequent $25k increase in the price.
By permanently removing tokens from the supply, the project will increase the scarcity of the meme coin.
This, coupled with surging demand from investors who want to receive free Bitcoin, could lead to massive gains for early BTCBULL investors.
Investors Rush To Buy BTCBULL At Presale Prices
Investors are flocking to BTCBULL’s ongoing presale, which has already raised over $3.5 million. With the bullish predictions by experts and the chance to earn free Bitcoin, it’s easy to see why a buying frenzy has erupted around the project at this early stage.
There is also a 123% annual return on offer to anyone who buys and stakes BTCBULL.
Interested investors can participate in the ICO and get in on these rewards by buying BTCBULL through the widget embedded on the project’s website.
Selling for only $0.002405, the meme coin can be bought with either crypto or bank card.
Investors looking to lock in the best rate will want to hurry because there will be a price hike in about 22 hours.
Visit the BTC Bull Token website.
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