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The Biaoqing price surged 68% in the last 24 hours to trade at $0.02285 as of 00:41 a.m. EST on trading volume that rose 60% to $9 million.
After its launch on June 9 on the Ethereum blockchain, BIAO has experienced remarkable price growth, soaring over 3,259X in just 5 days and capturing the attention of the crypto space. It has rapidly built a market capitalization of about $21 million.
Biaoqing is a meme token that is based on one of the biggest memes in China and across Asia that features facial expressions printed on the head of a panda.
The token is also being referred to as the “Pepe of China.”
Biaoqing Price Set To Sustain Its Bullish Stance Over The Bullish Pennant
The Biaoqing price has been on a tear since its launch, recording new highs every day. The markup phase drove the token to an all-time high (ATH) of $0.02693 yesterday, according to data from GeckoTerminal.
However, after reaching the ATH, BIAO bulls have not been able to reclaim this high, with the token’s price fluctuating within the bullish pennant pattern.
BIAO trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which affirms the generally bullish sentiment. The 200-day SMA acts as the main support level of around $0.01589.
Moreover, the Relative Strength Index (RSI) is rebounding from below the 50-midline level as it closes in on the 70-overbought region, currently trading at 51, which shows investor optimism to push the price above.
The Moving Average Convergence Divergence (MACD) on the 15-minute chart is also bullish, with the MACD line (blue) crossing above the signal line (orange), which represents a bullish crossover. A bullish crossover and the green bars on the histogram extending above the neutral line encourage the bulls to buy more, as they indicate positive momentum.
Biaoqing Price Prediction – Bulls Aim For A New ATH
The Biaoqing price analysis shows a bullish bias, as the bulls aim to push BIAO over the bullish pennant pattern, targeting a new ATH at $0.038.
The RSI and MACD open up buying positions for optimistic investors, which could propel the token above the pennant.
However, in an inverse scenario, the bears may exert pressure at this point, which could push the token to the next support level of around $0.01589, coinciding with the 200-day SMA.
Meanwhile, those investors who missed the BIAO surge may want to consider buying $DAWGZ, a Base meme coin that recently launched its presale. Base Dawgz aims to emulate $BRETT, which has soared 17,746% from its all-time low, according to CoinGecko.
Base Dawg Presale Garners Over $1.1 Million – Next Big Meme Coin On Base?
In just a week after its launch, Base Dawgz (DAWGZ) has raised more than $1.1 million from eager investors.
Well done to all the $DAWGZ on raising the first million🪂
Now we can take all of you skydiving🚀 pic.twitter.com/eIPDUTOrQ9
— Base Dawgz (@BaseDawgz) June 12, 2024
While the project is based on the Base blockchain, Base Dawgz is bringing a unique multi-chain experience offering seamless interoperability within different blockchains, spanning Ethereum, Solana, Binance Smart Chain, and Avalanche.
Base Dawgz features share-to-earn functionality, which enables users to easily accumulate points by sharing Base Dawgz content on social media. After the presale ends, users will be able to exchange these points for its native token, $DAWGZ.
The team has already set aside 20% of the total token supply for staking, where users can benefit from staking rewards at a later date.
Jacob Bury, a prominent crypto YouTuber, says that $DAWGZ could potentially soar 100X after its launch.
If you are interested in participating in the presale, you can buy DAWGZ tokens for $0.00502 each. But don’t wait too long because the price will increase in less than five days.
You can buy DAWGZ tokens on the official website here using ETH, USDT, BUSD, or USDC.
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