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The Biaoqing price plunged 12% in the last 24 hours to trade at $0.0193 as of 01:34 a.m. EST on trading volume that surged 58% to $5.1 million.
Since its launch on the Ethereum blockchain, the BIAO price has soared 169% and has been dubbed the “Pepe of China.”
Biaoqing Price Could Rebound Towards The Upper Boundary Of The Falling Wedge
The Biaoqing price has been on a tear since it launched on June 9, recording new highs weeks thereafter to an all-time high (ATH) of $0.0515 on June 19, according to data from GeckoTerminal.
After hitting the ATH, the bulls have not been able to reclaim this high, with the token dropping within a falling wedge pattern. However, the bulls seem to be using the $0.016 support level to stage a possible breakout from the lower boundary of the wedge.
BIAO price still trades below both the 50-day and 200-day Simple Moving Averages (SMAs), as the SMAs act as the immediate resistance levels at $0.023 and $0.029 respectively.
Moreover, the Relative Strength Index (RSI) shows that the buying pressure may be building up, as the RSI soars from the 30-oversold level, hurtling towards the 50-midline level, currently at 41.
As per the Biaoqing price analysis, the bulls are set to use the falling wedge pattern to push BIAO towards a bullish stance above, as they target $0.050.
In an inverse scenario, if the bears keep exerting pressure within the lower boundary of the wedge, BIAO could retrace further down, with the bulls retreating to the next possible support zone around $0.0134.
As the price of Biaoqing prepares for a bullish trend reversal, the Dogecoin derivative presale PlayDoge (PLAY) is just flat out bullish.
According to Jacob Bury, a popular crypto analyst and YouTuber, PLAY has the potential to soar 10X after its launch.
PlayDoge ICO Zooms Past $5 Million – Best Alternative To Buy Now?
Play-to-Earn meme coin PlayDoge is off to a rocking start in its presale, already bursting past the $5 million mark.
The project mines two of the hottest niches in crypto: meme coins and gaming.
PlayDoge combines the iconic Doge meme with the beloved Tamagotchi game from the 90s, creating a fun virtual gaming experience where players play to earn the game’s native token, $PLAY.
Don’t ghost your #Doge or it’ll die 👻
Feed your Doge, earn rewards, and level up. No mazes, just fun!#Presale has launched! 🙌#PlayDoge #P2E #Memecoin pic.twitter.com/Fp2sFwycpj
— PlayDoge (@PlayDogeGame) May 31, 2024
With the P2E mechanics employed by the project, players will be able to earn rewards by caring for their pets and taking them on adventurous journeys.
Apart from the P2E rewards, token holders can also earn passively by staking $PLAY for an annual return of 126%.
You can buy $PLAY tokens for $0.00512 each. With a price hike coming in less than five hours, don’t wait around too long if you want to lock in the best deal.
To join the presale, buy $PLAY from the official website here using BNB, USDT, or a bank card.
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