Biaoqing Price Prediction: BIAO Plummets 21% As Traders Pivot To Tamagotchi Remake PlayDoge And Its 126% APY

The Biaoqing price plunged 12% in the last 24 hours to trade at $0.0193 as of 01:34 a.m. EST on trading volume that surged 58% to $5.1 million.

Since its launch on the Ethereum blockchain, the BIAO price has soared 169% and has been dubbed the “Pepe of China.”

Biaoqing Price Could Rebound Towards The Upper Boundary Of The Falling Wedge

Biaoqing Price
Biaoqing Price Chart. Source: GeckoTerminal.com

The Biaoqing price has been on a tear since it launched on June 9, recording new highs weeks thereafter to an all-time high (ATH) of $0.0515 on June 19, according to data from GeckoTerminal.

After hitting the ATH, the bulls have not been able to reclaim this high, with the token dropping within a falling wedge pattern. However, the bulls seem to be using the $0.016 support level to stage a possible breakout from the lower boundary of the wedge.

BIAO price still trades below both the 50-day and 200-day Simple Moving Averages (SMAs), as the SMAs act as the immediate resistance levels at $0.023 and $0.029 respectively.

Moreover, the Relative Strength Index (RSI) shows that the buying pressure may be building up, as the RSI soars from the 30-oversold level, hurtling towards the 50-midline level, currently at 41.

As per the Biaoqing price Analysis, the bulls are set to use the falling wedge pattern to push BIAO towards a bullish stance above, as they target $0.050.

In an inverse scenario, if the bears keep exerting pressure within the lower boundary of the wedge, BIAO could retrace further down, with the bulls retreating to the next possible support zone around $0.0134.

As the price of Biaoqing prepares for a bullish trend reversal, the Dogecoin derivative presale PlayDoge (PLAY) is just flat out bullish.

According to Jacob Bury, a popular crypto analyst and YouTuber, PLAY has the potential to soar 10X after its launch.

PlayDoge ICO Zooms Past $5 Million – Best Alternative To Buy Now?

Play-to-Earn meme coin PlayDoge is off to a rocking start in its presale, already bursting past the $5 million mark.

The project mines two of the hottest niches in crypto: meme coins and gaming.

PlayDoge combines the iconic Doge meme with the beloved Tamagotchi game from the 90s, creating a fun virtual gaming experience where players play to earn the game’s native token, $PLAY.

With the P2E mechanics employed by the project, players will be able to earn rewards by caring for their pets and taking them on adventurous journeys.

Apart from the P2E rewards, token holders can also earn passively by staking $PLAY for an annual return of 126%.

You can buy $PLAY tokens for $0.00512 each. With a price hike coming in less than five hours, don’t wait around too long if you want to lock in the best deal.

To join the presale, buy $PLAY from the official website here using BNB, USDT, or a bank card. 

Related News

  • Best Meme Coins to Invest in: Top Picks for Exponential Gains! 🚀
  • Best Crypto to Watch in 2024: Top 5 Cryptocurrencies with High Potential
  • Best Cheap Crypto to Buy Now In 2024 – Low Cost Coins

Comments

Post a Comment

Popular posts from this blog

Aave community proposes suspending Fantom-based integration

Image
The past month has seen a series of hacks in the crypto sector. The latest hack was on hardware wallets, where 15,000 Solana wallets were affected, resulting in a loss of around $4.6 million. Aave proposal removes Fantom integration One of the most persistent hacks in the crypto space is on DeFi bridges. Bridges are an essential infrastructure that allows users to transfer funds between blockchains. For example, the native assets on one network like Avalanche can exist on another like Harmony without needing a bridge. Given this large amount of money stolen from these blockchain bridges, one DeFi protocol is taking steps to lower the risks from the sector. A recent proposal on the Aave protocol suggested that the community suspends all Fantom-based integration. Buy Aave Now Your capital is at risk. The proposal from the Aave community says that halting Fantom integration would protect users by suspending the ability to deposit and borrow assets through the Aave V3 market...
Read more

Canadian crypto traders will have a harder time using leveraged bets

Image
Join Our Telegram channel to stay up to date on breaking news coverage Canadian umbrella financial regulator, the CSA (Canadian Securities Administrators) recently decided to create a new set of rules for crypto exchanges operating in the country, according to two unnamed sources familiar with the matter. Among the new changes is apparently the rule that all crypto trading platforms that wish to operate in the country must be registered, and everyone seeking registration must sign undertakings to comply with investor protections. The CSA (Canadian Securities Administrators) declined to reveal any details, saying it would do so "in the near future.” — DustyBC Crypto (@TheDustyBC) February 17, 2023 However, this is not the end of it, as the rules will also severely affect retail investors who wish to trade crypto currencies using leveraged bets. The CSA plan is to increase its oversight of crypto exchanges that operate in Canada. This will mean tighter rules whi...
Read more

Astar launches NFT campaign to celebrate mainnet launch

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Astar Network, a Polkadot parachain, has announced an NFT campaign to celebrate the mainnet release of Astar zkEVM, an Ethereum layer-2 chain powered by Polygon technology. Astar’s NFT campaign The Astar Network’s NFT campaign, scheduled for Q1 2024, aims to celebrate the launch of the Astar zkEVM mainnet, which was built utilizing the Polygon Chain Development Kit (CDK). The campaign draws inspiration from Astar Network’s Japanese roots by using the popular Japanese capsule machines and mechanisms to award random prizes. You might also like: Astar Network launches zKatana layer-2 scaling solution on public testnet To participate in this campaign , users are encouraged to explore the projects available on Astar zkEVM. The platform offers on-chain and off-chain quests, which users can complete to earn re...
Read more