{"id":509531,"date":"2024-04-20T12:28:27","date_gmt":"2024-04-20T12:28:27","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=509531"},"modified":"2024-04-20T12:28:27","modified_gmt":"2024-04-20T12:28:27","slug":"bookofpussycats-price-prediction-boca-plunges-98-as-analysts-rush-to-buy-this-solana-meme-coin-rival-before-it-lists","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bookofpussycats-price-prediction-boca-plunges-98-as-analysts-rush-to-buy-this-solana-meme-coin-rival-before-it-lists","title":{"rendered":"BookOfPussyCats Price Prediction: BOCA Plunges 98% As Analysts Rush To Buy This Solana Meme Coin Rival Before It Lists"},"content":{"rendered":"

The BookOfPussyCats Price plunged 98% over the past 24 hours to trade at $0.00007328<\/a><\/span> as of 8:10 a.m. EST.<\/span><\/p>\n

The steep correction comes after the token went on a tear, and it’s still up 189% over the weekly timeframe after surging to a high of $0.0066.<\/p>\n

BookOfPussyCats Price Prediction: BOCA Facing Massive Correction<\/span><\/h2>\n

BOCA is now in a downtrend, as indicated by the late large red candlestick patterns showing a sharp price decline. Looking at chart indicators, we notice that the BookOfPussyCats price has broken below the lower band, which typically signifies an oversold condition. <\/span><\/p>\n

However, a price movement outside the bands could signal a possible return of bullish conditions but can also indicate strong momentum, which, in this case, would be downward.<\/span><\/p>\n

On the other hand, gauging the trend’s strength, we see that the Average Directional Index (ADX) is well above 25, sitting around 38.47, indicating a very strong trend. Given the sharp price drop, we can infer that this strong trend is downward.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) is below the signal line (orange), and the histogram bars are below the zero line and growing in length, indicating increasing bearish momentum.<\/span><\/p>\n

Based on these observations, the technical analysis suggests a strong bearish trend for the meme coin as holders might now be offloading for profits after the recent pump. However, should the market become over-extended to the oversold side, we could see a recovery run with respect to previous support levels.<\/span><\/p>\n

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1-hour BOCA\/USD Chart | Source: <\/span>DEXTools<\/span><\/a><\/p>\n

A Promising Alternative?<\/span><\/h2>\n

Meanwhile, as the BookOfPussyCats price corrects, <\/span>Slothana (SLOTH)<\/span><\/a> is emerging as a promising alternative for meme coin lovers. Slothana is a cryptocurrency based on sloths that launched amid a market war between cat and dog-themed meme coins.<\/span><\/p>\n

SLOTH broke away from that and carved out its own niche. This slothful office worker is exhausted after working from 9 to 5, an idea that resonates with cryptocurrency investors, many of whom face the same challenges.<\/span><\/p>\n

Because SLOTH is so laid-back, it quickly caught the attention of the market, with crypto analyst Jacob Bury identifying it as a token with the potential for 10x gains on launch.  <\/span><\/p>\n