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The Boomer price has plunged 18% in the last 24 hours to trade at $0.03171 as of 7:20 a.m. EST on a 19% drop in trading volume to $1.9 million.
Boomer Price May Initiate A Rally Above The Falling Channel
The Boomer price is hovering at $0.032, which marks a crucial point for the coin. This price level also indicates a support zone down from the $0.058 high.
The ongoing battle between buyers and sellers shapes a falling channel pattern, suggesting a potential shift toward a bullish trend.
BOOMERUSDT Analysis. Source: Tradingview.com
The price indicators also look promising. The current price is below both the 50 simple moving averages. If it keeps moving upward, we might see a rally above the upper trendline of the falling channel.
Moreover, the Relative Strength Index (RSI) has bounced back from the oversold level of 30 to around 50, indicating strong buying interest. The RSI could move into the overbought zone if this momentum keeps up.
The MACD indicator’s green bars and recent crossover above the signal line add optimism about XRP’s price potential.
The Boomer price bulls may initiate a rally above the falling channel. The presence of the falling channel offers the bulls a chance to drive the price higher towards new highs at $0.0449 in the upcoming weeks
However, if the bears retake charge, the price might drop to $0.0270 within the channel. Further downward pressure could lead to a retracement towards the lower trendline at $0.0229.
Last Chance To Buy Dogeverse Before Launch
Meanwhile, investors might want to diversify their portfolios by participating in the DOGEVERSE meme coin presale. It has already raised over $13 million and is set to launch soon.
DOGEVERSE is the newest addition to the dog-themed crypto universe and the first cross-chain token operating across six blockchain networks: Polygon, Ethereum, BNB Chain, Avalanche, Solana, and Layer 2 Base.
Why limit to one when you can have it all? $DOGEVERSE begins on the secure #Ethereum network, ensuring robust security and reliability. 🛡️💻
🔥 Bridging gaps between #Cryptocurrency ecosystems, we enhance liquidity, utility, and fun across the entire #Cryptoverse! 🎉#AltSeason pic.twitter.com/zOg8albhry
— DogeVerse (@The_DogeVerse) May 3, 2024
A staking option on the Ethereum blockchain offers investors a reward of 71% annually.
According to Jacob Bury, a crypto analyst and Youtuber, DOGEVERSE could surge 100X upon its launch.
DOGEVERSE is priced at $0.00031 right now. If you are interested, buy soon as the presale could end at any time.
It's now or never! 🚀
Buy some $DOGEVERSE before the #DEX launch kicks off!#Memecoins #Altcoins #Solana#Ethereum #DOGE
— DogeVerse (@The_DogeVerse) May 5, 2024
Buy DOGEVERSE through the project’s website here.
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