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The BOBO price has surged 92% in the past week and 24% in the last 24 hours to trade at $0.000002731 as of 7:20 a.m.EST on a 48% jump in trading volume to $5 million.
BOBO Price Bulls Encounter Resistance
The BOBO price indicates a rebound after a decline from its all-time high at $0.000003205. The bulls have established a solid support zone at $0.00003516, allowing them to regroup and drive a rally. This rally has created upward momentum, pushing the price toward the resistance level.
BOBOUSDT Analysis(Source: Tradingview)
The price trading above the 50 and 200 simple moving averages (SMAs) validates the bullish momentum for the BOBO price. Moreover, the moving average cross at $0.000001405 further supports the potential upward movement for the BOBO price, confirming the overall positive trend.
Even though the Relative Strength Index (RSI) recently dipped to 54, it has rebounded quickly, rising to 66, close to the overbought zone. With continued momentum, the RSI could soon enter the overbought territory.
BOBO Price May Decline On The Double Top Pattern
BOBO price bulls are ready to push the price higher, targeting a new peak above the resistance level. If they maintain their momentum, they could drive the price up to $0.000003457 in the coming weeks.
However, there’s a high probability that the bears may capitalize on the double-top pattern to push the price down, which would indicate a bearish reversal. If this happens, bears might push the price down, forcing the bulls to fall back to the neckline support zone at $0.000002048.
Investors looking to invest in a token with a more bullish outlook might consider PlayDoge, which has rocketed past $3.6 million in its presale in less than two weeks.
PlayDoge Meme Coin Presale Secures Over $3.6 Million
The PlayDoge (PLAY) meme coin combines the famous DOGE meme with Play-to-Earn (P2E) gaming. PLAY also combines ’90s nostalgia with modern blockchain technology, allowing users to care for an 8-bit pixel Doge in a retro-style mobile game.
Players feed, play mini-games, and bond with their virtual pet, earning $PLAY tokens for good care.
#PlayDoge bagging another Big W today, raising $3.5M in our #Presale! 🚀💫
ICYMI: We've gone #MultiChain! 🌐🎉#Staking is now live on both #BNB and #ETH chains, offering even more $PLAY 💰
Rewards vary per chain 🌟
Buy Now! 👇 https://t.co/JT0VEofqf2#MemeCoin #P2E #Crypto pic.twitter.com/XghA0jlfbU
— PlayDoge (@PlayDogeGame) June 10, 2024
PlayDoge differs from Dogecoin in that it operates on the BNB Chain, a blockchain created by Binance, the world’s largest crypto exchange.
#PlayDoge is bringing Tamagotchi into the 21st century. 🎆
There will be games on our App to earn $PLAY tokens that can be redeemed for #Crypto. ✅
We’ve given Tamagotchi the spec upgrade it deserves! 💫#Memecoin #PlayDoge #BNB #P2E pic.twitter.com/8negSBSmM1
— PlayDoge (@PlayDogeGame) June 9, 2024
The project’s play-to-earn strategy lets players earn rewards by taking care of their pets and embarking on adventurous quests. The team plans to develop more projects to expand the token’s utility.
In addition to earning through play-to-earn (P2E), token holders can also earn passively by staking $PLAY for an impressive 341% annual percentage yield (APY).
Crypto analyst and YouTuber Jacob Bury says $PLAY could surge 10X after its launch.
To join the presale, you can purchase $PLAY tokens for $0.00506 each. But you need to hurry before the price increases in less than 48 hours.
Buy $PLAY here using BNB, USDT, or a bank card.
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