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The Book Of Meow price slumped 30% in the last 24 hours to trade at $0.027 as of 06:57 a.m. EST on trading volume that plunged 38% to $62 million.
This comes even as the project continues to amass a huge following through its socials, aiming to penetrate the crypto market and push the project to new heights.
10K FOLLOWERS ON TWITTER AND 18.5K HOLDERS FOR $BOMEOW
Sure, a lot of people came in and had a lot to say, but would we really have so many believers if we couldn’t push this project to new heights?
We did it before, and we can do it again!#BTC #SOL #ETH #BOMEOW pic.twitter.com/ztIvxpTamF
— Book of Meow ($BOMEOW) (@Bomeow_solana) April 8, 2024
Book Of Meow Price Set For A Trend Reversal Over The Falling Wedge
The Book Of Meow price, just after launch, rose steadily through a markup phase to the $0.09 resistance level. The bulls failed to maintain the bullish rally, as bears utilized this level to push the price down within the falling wedge pattern’s confines.
The BOMEOW bulls seem to have found a support level around $0.021, which has allowed them to push the price above the upper boundary of the falling wedge.
BOMEOW is trading below the 50-day Simple Moving Average (SMA), which coincides with the current price downtrend. A bullish trend could see the price higher above the 50-day SMA, currently at $0.047, showing the potential to soar.
Additionally, the downtrend is evidenced by the Relative Strength Index (RSI) trading downward to the 30-oversold level, currently at 39, indicating intense selling pressure.
However, the Moving Average Convergence Divergence (MACD) shows a bullish bias, as the blue moving average line crosses above the orange signal line, representing a bullish crossover. A bullish crossover is often a signal for investors to buy more.
The green bars on the histogram also extend above the neutral line, which shows that BOMEOW is on positive momentum.
Book Of Meow Price Prediction
The Book Of Meow price analysis shows a bullish bias, with the bulls pushing the price above the falling wedge. Optimistic investors are keen on leveraging the MACD to increase their buying positions. This could potentially drive the price higher as they aim for a target of $0.10.
The RSI is trading downwards to oversold levels, which could indicate an incoming price reversal, likely to push the price even higher.
Conversely, if the bears exert more pressure on the price, BOMEOW could retrace back to the support zone at $0.010, below the lower boundary of the falling wedge.
Meanwhile, as the BOMEOW bulls prepare for a trend reversal, other investors are sending SOL to a new Solana meme coin sensation called Slothana after its presale blasted past $10 million.
Slothana Raises Over $10 Million In Funding – A Promising Alternative To BOMEOW
Slothana (SLOTH) aims to emulate the success of meme coins including $SLERF, $PUMP, $PUNDU, and $BOME, which introduced a new way of launching on Solana.
The launch method has no price stages, timers, or hard caps.
⏰ Tired of the 9-5? So is Slothana!🦥Our office sloth is ready to ditch the daily grind and embrace the world of crypto trading. No more getting high on herb, just high on profits! Send SOL to help our sloth go from 420 couch surfer to $420m crypto chad! #slothana #memecoin
— Slothana (@SlothanaCoin) March 25, 2024
As a buyer, all you are required to do is send SOL to a token address, and then the team will airdrop the tokens to your wallet.
You can also use the widget on the official website and specify the amount of $SOL you wish to exchange for $SLOTH. Click the ‘buy now’ button, choose your wallet, and finalize the transaction.
Buy $SLOTH Now – Best Opportunity For 100X Gains?
According to 99Bitcoins, a crypto YouTube channel boasting over 700K followers, Slothana has the potential to surge 100X after launch.
Since the team has not specified any price stages or timers, there are still uncertainties about when the presale may end. That suggests the optimal time to buy is now before the tokens are sold out.
🚀 Get ready to blast off with Slothana! 🌿 We're gearing up for launch and this is your last chance to grab your $SLOTH 🌕 Don't miss out on the action as we prepare to announce our official launch date. Watch this space. #slothana #memecoin
— Slothana (@SlothanaCoin) April 8, 2024
To participate, you can buy or send your $SOL here. For every 1 SOL sent to the address, you will receive 10,000 $SLOTH.
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