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The Boomer price has soared 17% in the last 24 hours to trade at $0.04317 as of 6:40 p.m. EST on a 25% surge in trading volume to $1.6 million.
Boomer Price May Continue A Rally Above The Rising Channel
The Boomer price is currently trading at around $0.035, a critical support level following its previous high of $0.043. This price point reflects a struggle between buyers and sellers, forming a rising channel pattern. If the price breaks above the channel, this pattern suggests a possible shift towards a bullish trend.
BOOMERUSDT Analysis. Source: Tradingview.com
Price indicators are bullish, with Boomer trading above the 50 and 200 simple moving averages. If this upward movement continues, we might see a breakout above the channel’s upper trendline, confirming Boomer’s bullish momentum.
Additionally, the Relative Strength Index (RSI) has rebounded from an oversold level of 30 to around 70, signalling strong buying interest. If this momentum persists, the RSI could enter the overbought zone.
The MACD indicator also shows positive signs, with green bars and a recent crossover above the signal line, further boosting optimism about Boomer’s price potential.
The Boomer price is on the brink of a great bull rally. The presence of the rising channel offers a chance for the bulls to drive the price higher towards new highs at $0.06549.
However, if the bears retake charge, the price might drop to $0.02158, coinciding with the channel’s lower boundary. Further downward pressure could lead to a retracement towards the $0.01239 support level below the channel’s lower trendline.
The Next 100X Meme Coin Opportunity?
As the Boomer price continues its upward surge, investors who missed out might consider WienerAI, a new dog-themed meme coin that combines two of the hottest niches in crypto: AI and meme coins.
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WAI also offers a staking function that provides an annual return of 460%.
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According to Crypto Boy, a popular analyst and YouTuber, WienerAI could be the next big thing with a potential 100X return.
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