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Green Bomberman (BOMBER) is exploding today after an over 500% gain in just 24 hours. Trading volumes have also spiked to $908K as traders rush to not miss out on the recent rally.
BOMBER has outperformed the broader cryptocurrency market that failed to react to the Fed’s decision to pause interest rate hikes.
The token is now trading at $0.0000468 following these recent gains. During the current uptrend, BOMBER made a false breakout past the $0.00015 level, but the uptrend could not be sustained.
BOMBER is witnessing high volatility, with the price trading between $0.00000869 and a 24-hour high of $0.00015.
How High Can BOMBER Go?
Meme coins are known for having volatile price action, which usually triggers massive returns. Meme coin price gains are primarily driven by hype, and with BOMBER being among the trending cryptos in the last 24 hours, the rally could likely extend.
https://twitter.com/GreenB0merman/status/1704759198796677255
The shoot to $0.00015 appeared to be a liquidity grab as BOMBER quickly dropped after attaining this high. BOMBER is holding the $0.000046 level, which is currently acting as support. If this level is entry-level for traders, the price swing might intensify in the short term.
The resistance currently lies at $0.0000646, and the bulls could test this level again to confirm the uptrend.
On the other hand, massive price gains are usually followed by sharp corrections. Therefore, traders should watch out for a drop to $0.0000406. Uncollected liquidity also lies lower at $0.0000286.
Buyers Are Driving BOMBER’s Gain
The indicators show that BOMBER’s price action is being driven by buying pressure. The Relative Strength Index at 57 shows buyers are in control. However, the RSI is flattening, indicating buyers might be exhausted and a trend reversal could be coming.
The Moving Average Convergence Divergence (MACD) line also shows bullish momentum but a possibility for reversal as the line tips south. The red MACD histogram bars show bears are creeping in, with take-profit orders likely to be executed.
Bitcoin BSC Soars Past $4 Million
Bitcoin BSC has reached its presale soft cap milestone, raising over $4 million. The presale has enjoyed immense support from the community, as it has raised this staggering amount in a little over two weeks.
The BTCBSC presale will end after $6 million is raised. Given the rate at which these tokens are selling out, it is likely that the presale will end soon.
Traders must rush and buy BTCBSC at a low price of $0.99 before exchange listings trigger explosive gains.
One of the main features drawing people to Bitcoin BSC is the staking pool.
At the time of writing, more than 2 million tokens have been locked into the pool, equivalent to 50% of all the tokens bought. The pool offers generous yields with a 128% APY.
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