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The BOBO price has pumped 53% in the last 24 hours to trade at $0.0000006549 as of 3:20 a.m. EST on a 73% surge in trading volume to $3.6 million
BOBO Price Bulls Initiate A Bullish Rally
The BOBO/USDT trading pair on a daily timeframe shows that the price is currently moving within a descending channel, which has been the dominant pattern for several weeks.
This channel indicates a downtrend, but it also sets up a scenario for a potential breakout if key resistance levels are breached. A key area of interest is the support zone around $0.00006531, which has held firm and may prevent further decline.
BOBOUSD Analysis Source: Dextools.io
Additionally, the price is approaching a possible bullish signal as the 50-day and 200-day moving averages (SMA) are converging. If a moving average crossover occurs, particularly a Golden Cross where the 50-day MA crosses above the 200-day MA, it could signal the start of an upward trend.
BOBO Price Surges On Technicals
Technical indicators are also showing mixed signals. The MACD, while still in bearish territory, shows signs of a possible bullish crossover, indicating a reduction in bearish momentum. the histogram bars are also beginning to increase
The RSI is at 50.46, which is a neutral level. Increased momentum should be able to push the RSI to the overbought region of 70 indicating intense buying pressure.
If the price breaks above the descending channel and clears the resistance near $0.000082, it could target the area around $0.0000132, indicating a significant upside. However, if the price fails to break out and falls below the support at $0.00006531, the risk of further downside increases.
Pepe Unchained Raises Over $12.5 Million: Best Meme Coin To Buy Today?
As the BOBO price continues its bullish rally, the new Layer 2 meme coin Pepe Unchained (PEPU) has blasted past $12.5 million in early funding in its ICO.
Boom! $12M raised!
Pepe Unchained is crushing milestones and gearing up for the next big leap 🐸💪 pic.twitter.com/Cr2MI0CESp
— Pepe Unchained (@pepe_unchained) September 5, 2024
An analyst on the prominent crypto YouTube channel 99Bitcoins, with over 706k subscribers, says that PEPU could explode 100x after launch.
$PEPU is a meme coin that focuses on delivering technological innovation that puts it on the investment radar of crypto enthusiasts seeking to maximize profits in the near future.
Pepe Unchained leverages Layer 2 technology to overcome the limitations of the clunky Layer-1 technology that hampers PEPE. The benefits for $PEPU include seamless integration with Ethereum, which facilitates smooth transfers and decentralized applications (dApps) compatibility.
You can also stake your PEPU tokens and earn a passive income with an estimated annual percentage yield (APY) of 163%.
You can buy PEPU tokens currently for $0.0095743 on the official website. But hurry before an imminent price rise.
Buy PEPU tokens here using ETH, USDT, or a bank card.
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