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The Memecoin price soared over 44% in the last 24 hours to trade at $0.002073 as of 5:18 a.m. EST as investors buy the crypto at a rapid pace.
The recent surge in the MEME price was enough to push the altcoin’s weekly performance out of the red zone. As a result, the crypto is up more than 31% on the longer-term time frame.
Memecoin Price Trying To Clear Resistance
4-hour chart for MEME/USD (Source: GeckoTerminal)
The Memecoin price is attempting to flip a resistance level at $0.001981 into support, data from GeckoTerminal shows. Should the crypto establish a position above this technical barrier within the next 12 hours, it could have the foundation needed to keep rising in the short term. This could see MEME break $0.002264 and rise to $0.002555.
Conversely, a rejection from the $0.001981 mark in the next 8 hours could lead to a more bearish scenario playing out. In this alternative case, the Memecoin price might end up testing the recently-turned support at $0.001690.
Memecoin Price Still Showing A Lot Of Bullish Strength
From a technical standpoint, indicators on the crypto’s 4-hour chart suggest the Memecoin price might keep climbing in the next 24 hours. More specifically, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bullish signs.
That’s after the MACD line crossed above the MACD Signal line to indicate that the crypto has entered a short-term positive trend. What’s more, the gap between the two technical indicators is starting to grow, which might suggest MEME’s bullish momentum is growing stronger.
RSI readings have risen over the past 24 hours as well, currently in the low 80s. While the latest value warns the Memecoin price is overbought, and might undergo a pullback, it’s not unusual for the RSI to remain high for sustained periods of time when a crypto is pumping.
As the Memecoin price looks to keep rallying, investors are piling into the presale for BTC Bull Token (BTCBULL). Influential YouTube channel 99Bitcoins, which has over 725K subscribers, predicts the new crypto could soar 10X after it launches.
A Meme Coin Offering Investors Free Bitcoin
BTC Bull Token is a Bitcoin-branded meme coin that aims to support the flagship crypto on its journey to $1 million per coin and even beyond. As BTC rises, the project will run a series of Bitcoin airdrops to its token holders, as well as execute multiple BTCBULL token burns.
The first Bitcoin airdrops will happen when the largest crypto by market cap reaches $150K for the first time. Thereafter, every subsequent $50K milestone in the crypto’s price will result in free BTC being sent to BTCBULL token holders.
Meanwhile, the project will permanently remove BTCBULL tokens from the meme coin’s supply with every $25K increase in Bitcoin’s price, starting at $125K. These burns are meant to mimic BTC’s ever-growing scarcity, and could subsequently lead to a favorable supply and demand scenario for the meme coin as the number of tokens in circulation shrinks.
Being in presale, BTCBULL offers investors a shield against the turbulence in the global financial markets that was ignited by the ongoing trade war between China and the US. Additionally, the project gives investors the opportunity to gain much cheaper BTC exposure than if they were to buy Bitcoin directly, while also presenting them with a meme coin that has high upside potential.
Investors Rush To Buy BTCBULL At Presale Prices
BTC Bull Token’s presale has been on a tear, and has already raised more than $4.7 million in early-stage funding as investors bet big on the project’s future. With the chance to receive airdropped BTC, the project’s meme coin appeal, and the bullish predictions from experts like 99Bitcoins, the buying frenzy at this early stage is set to continue.
Investors interested in participating in the presale can buy BTCBULL through the widget embedded on the project’s website. The token is currently selling for $0.00247, and can be bought with both crypto and bank card.
After purchasing some BTCBULL, investors can also stake their tokens for an impressive 86% APY.
Buyers will want to hurry, because the meme coin’s price will undergo multiple staged increases as the presale progresses. The next price hike is scheduled to take effect in less than 3 days.
Visit the BTC Bull Token website.
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