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The Guide Of Meme value has surged 9% within the final 24 hours to commerce at $0.01076 as of 5 a.m. EST on a 13% leap in buying and selling quantity to $255 million.
The surge comes after the crypto trade Coinbase introduced that it’ll launch BOME and Notcoin (NOT) perpetual futures contracts on June 20.
This transfer highlights Coinbase’s ongoing enlargement into meme cash, following its earlier help for cash together with Shiba Inu (SHIB), Dogecoin (DOGE), and Floki Inu (FLOKI).
BOME Value Rises within the Crypto Market
Meme cash have been distinguished available in the market, with DOGE and SHIB main the best way because of backing from high-profile people. Nonetheless, one of the crucial attention-grabbing initiatives in current instances has been BOME. This new venture gained a… pic.twitter.com/aCUo7xwYME
— Lamia16 (@lamia168) June 14, 2024
By introducing BOME perpetual contracts, merchants can now speculate on its value actions with out proudly owning the coin, which may considerably impression its market dynamics.
Guide Of Meme Value Spikes Above the Falling Channel
The Guide of Meme value bulls have regained momentum after a protracted downturn that noticed the bears push the worth to the $0.009494 help zone. The double backside shaped has given the bulls hind wings to make the worth above the falling wedge.
BOMEUSD Evaluation.(Supply: Dextools.io)
Moreover, BOME’s value has surged above the 50 and 21 Easy Shifting Common (SMA). This means a shift in momentum to the upside, pushing the worth up because the bulls purpose for a brand new all-time excessive. The shifting common cross at $0.01004 has additionally intensified the bullish sentiment, including to general bullish momentum.
The Relative Power Index (RSI) additionally reveals an uptrend above the 50 midline stage because it approaches the 70 overbought zone. It’s presently hovering across the 66 mark, suggesting intense shopping for stress. Elevated momentum ought to push the RSI additional, doubtlessly shifting into the overbought zone above 70. Such a transfer would point out elevated shopping for curiosity and additional help BOME’s bullish sentiment.
The MACD (Shifting Common Convergence Divergence) indicator reveals a bullish pattern. The blue common line crosses the orange sign line on the impartial stage, signalling a shift in the direction of bullish momentum. Moreover, the histogram bars point out destructive momentum within the value motion, additional supporting the bearish outlook.
Guide Of Meme Value: Extra Upside Doubtless
The presence of the bullish shifting averages has given the bulls the chance to drive the worth again up above the falling channel as they purpose to achieve the earlier excessive at $0.01310. A breach above this stage may give the bull’s hind wings to fly the worth to a excessive of $0.01590 within the upcoming weeks.
On the flip aspect, the bears may take over the worth, forcing the bulls to take a downturn and attain the $0.01052 help zone, which coincides with the channel’s higher trendline. A breach beneath this stage may ship the worth to the $0.009859 help zone.
Buyers Flock To Sealana Earlier than Its Launch
In the meantime, traders are dashing to purchase the brand new Solana meme coin Sealana (SEAL) as its launch nears. SEAL has already raised greater than $4 million in one of the crucial profitable presales this yr.
Looks as if @thenotoriousMMA didn’t like #Sealana asking why he was ingesting whiskey on the #Roadhouse reasonably than preventing within the octagon…🥊 If solely he knew earlier than elevating his fists that Sealana was a 300lbs ex military $SEAL…🪖🦭
It isn’t going to be a good battle however nobody will… pic.twitter.com/L1TqztPiAX
— Sealana (@Sealana_Token) June 10, 2024
The Sealana character relies on a plump seal who has immersed himself within the depths of the Solana Sea. Glued to his PC, he’s increasing by the day, buying and selling his glossy determine for a weight loss plan of chips and canned tuna.
His fixation on discovering the subsequent main Solana meme coin retains him engrossed, together with his flippers continually at work and his front room in disarray.
Jacob Bury, a crypto analyst and YouTuber with over 38.4k subscribers, says that Sealana could possibly be the subsequent 10X funding alternative.
With about 11 days left till the presale ends on June 25 at 6 PM UTC, now’s the time for potential traders to safe their SEAL tokens at $0.022 every.
Purchase SEAL right here utilizing ETH, USDT or a financial institution card.
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