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The Biaoqing price has surged 34% in the last 24 hours to trade at $0.0219 as of 12:41 a.m. EST on a 9% surge in trading volume to $5 million.
BIAO calls itself ”the Pepe of the East” and ”the true OG of Asian memes.”
Biaoqing Price Rebounds Within The Bearish Channel: Will Bulls Sustain Momentum?
Biaoqing’s price has been trending downward from its peak of $0.0522. The struggle between bulls and bears has created a bearish channel, signalling that the downward trend may continue.
Recently, BIAO bounced off the 50-day Simple Moving Average (SMA) at $0.032, showing that sellers still dominate. This bearish movement suggests the price continued to fall, heading toward the lower end of the channel.
BIAOUSD Analysis (Source: Dextools.io)
However, bullish support has strengthened, causing the price to stabilize within the bearish channel. This support has allowed the bulls to regroup and push the price upwards, potentially breaking out of the bearish channel.
The BIAO/USD 4-hour chart shows the price is still below the 200 SMA. However, increased momentum could push the price above the 200 SMA, reinforcing the bullish sentiment. The recent support from the 50 SMA also gives the Bulls an advantage to push the price up.
If buyers can gather enough momentum to break through the resistance at the 200-day SMA, there’s potential for a rally that could see the price reclaiming its previous highs.
The Relative Strength Index (RSI) is currently trending above the midpoint level of 50, sitting at 59, which indicates significant buying pressure on BIAO’s price. If the RSI rebounds towards the overbought zone (above 70), it would signal strong buying pressure and a potential upward movement for BIAO.
Meanwhile, the Moving Average Convergence Divergence (MACD) has rebounded from its recent lows and is now hovering around the neutral level. The blue average line has crossed above the orange signal line, suggesting bullish momentum is building up.
However, the MACD lines must cross above the neutral zero line to confirm bullish momentum. The increasing green bars on the histogram indicate strengthened bullish momentum.
Biaoqing Price Prediction: Bulls May Continue The Uptrend
Buyers are gradually pushing the price up, with support at the channel’s lower downtrend line. If the momentum continues from this level, it could attract buyers who aim to reclaim the previous high, potentially driving the pair towards a $0.05070 high.
On the other hand, if sellers regain the downward momentum below the 50 SMA, the critical support to monitor is $0.009085. A drop below this level could increase selling activity, potentially pushing the pair to $0.005053.
Base Dawgz Presale Surpasses $2.2 Million: Best Crypto To Buy Now?
Base Dawgz (DAWGZ) is a new Base meme token that’s already raised over $2.2 million in presale.
It is built off a daring Shiba Inu mascot that embodies the adventurous spirit of its investors. Inspired by Doge, it features meme characters that are equipped with base-jumping gear, capturing the thrill of soaring through the skies.
We are here to liberate you memers!
Ascend into the skies with us🛩️ $DAWGZ pic.twitter.com/eqMe6lwj3K
— Base Dawgz (@BaseDawgz) June 26, 2024
Utilizing advanced Web3 technology, DAWGZ facilitates seamless transactions across multiple blockchain ecosystems. While living mainly in the Base blockchain, it stands out with its innovative multi-chain approach, enabling easy interaction with Ethereum, Solana, Binance Smart Chain, and AVAX.
One of the most exciting developments for Base Dawgz is the upcoming launch of its staking protocol. Investors who join the presale before the staking launch will receive a retroactive bonus if they stake their tokens in presale. This unique incentive is designed to reward early adopters.
ClayBro, a well-known YouTuber and crypto analyst, says DAWGZ ”could create millionaires.”
Investors have less than 22 hours left to buy DAWGZ tokens for $0.005534 before the price increases.
Buy DAWGZ tokens here using ETH, USDT, BUSD, or USDC.
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