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The Baby Beercoin price plunged 61% in the last 24 hours to trade at $0.0001898 as of 01:04 a.m. EST on trading volume that dropped 69% to $1.2 million.
BABY BEERCOIN Price On Consolidation, Bulls Gearing Up For A Breakout
The BABY BEERCOIN price, after its launch, soared to an all-time high (ATH) of $0.00525, according to data from GeckoTerminal. However, the bears took control of the price, with BBEER’s price being down 96% from its ATH.
The bulls then found support around $0.0002578, with the price of BABY BEERCOIN trading within this range in a consolidation channel. With BBEER dropping in the last 24 hours, it has resulted in the BABY BEERCOIN dropping to the lower boundary of the consolidation channel.
BBEER price is trading below both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the current price retrace.
Moreover, the Relative Strength Index (RSI) is trading down within the 30-oversold level, currently at 35, a signal that sellers have an upper hand, driving the price of BABY BEERCOIN to intense selling pressure.
The general BABY BEERCOIN price analysis on the 1-hour chart shows that the token is currently on a bearish trend, with BBEER price dropping to the lower boundary of the consolidation channel.
If the bears persist in selling, the price may breach the lower boundary of the channel to reach the support zone around $0.0001232.
However, with the token being oversold, the BBEER price bulls may stage a buyback, which could stage a bullish trend reversal. In such a scenario, the bulls may push the token up to the resistance zone around $0.001281, coinciding with the upper boundary of the channel.
Meanwhile, some traders are pivoting to an AI meme coin called WienerAI (WAI), a new canine-themed token that merges two of the hottest niches in crypto right now: AI and meme coins.
According to 99Bitcoins, a popular crypto channel on YouTube with more than 700k subscribers, $WAI could potentially soar 100X after its launch.
WienerAI Surges Past $5.9 Million In Presale
WienerAI (WAI) has surged past the $5.9 million milestone in its presale, garnering immense attention within the crypto community.
More Wieners every day – Our WienerAI family is growing fast! 🐾
More holders = More excitement for our launch!
Ready to join the pack? 🌭🚀 pic.twitter.com/TPFpsjLGFX
— WienerAI (@WienerDogAI) June 13, 2024
The project combines the power of artificial intelligence (AI) and blockchain technology to offer a unique trading platform for token holders.
The AI part of the equation integrates an innovative trading bot that uses predictive technology and a user-friendly interface to give token holders advice on when to buy and sell crypto.
More than just a bot–WienerAI is your ultimate crypto trading companion.
We’re delighted to share some sneak peeks with our incredible and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
Adding to WAI’s appeal is its charming dog mascot, which injects a touch of whimsy into the mix.
WienerAI has echoes of another recent token launch by the name Scotty the AI (SCOTTY), which amassed over $10 million in its presale.
$WAI token holders have the opportunity to earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 192%.
You can be part of the presale by buying WAI tokens for $0.000719 each. But hurry as the price will increase in less than 10 hours.
Buy WAI tokens on the official website here using ETH, BNB, USDT, or a bank card.
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