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The Biaoqing price has plummeted 25% in the past 24 hours to trade at $0.03114 as of 01:24 a.m. EST on trading volume that plunged 43%.
Despite the steep drop in the BIAO price, the token is still up 416% over the past week.
With the big-picture bullish outlook still intact, traders remain upbeat about the Biaoqing price, anticipating a breakout to the upside.
I think $BIAO goes vertical once this channel breaks out pic.twitter.com/fPwWoJH0h0
— Jeweler.sats (@digitalkm1) June 16, 2024
Biaoqing is advertised as the most famous panda meme in the world and the true OG of Chinese memes. Its community advertises it as the PEPE of China, poised to conquer the Ethereum blockchain. With this, there is speculation that Asian traders could send it north.
Calling it now.
If the Chinese actually choose a meme coin to pump, it’s gonna be $BIAO
All these other Chinese spin off memes are frankly offensive and going to zero.
Choose an original meme.
$BIAO billions is a reality.@biaoerc20 pic.twitter.com/YLF2pTi08l
— Beans (@vjp011) June 16, 2024
Biaoqing Price Prediction
The Biaoqing price is wiping out some of the ground covered during the mid-June rally after a rejection from the $0.04499 resistance level. The fate of BIAO holders remains in the balance amid an ongoing tug-of-war between the bulls and the bears.
With the big-picture bullish outlook still abounding, the upside potential for the Biaoqing price remains alive. The position of the Relative Strength Index (RSI) above the mean level of 50 supports this thesis. The Moving Average Convergence Divergence (MACD) above the orange band of the signal line and in positive territory reinforces it.
Accordingly, it would be unsurprising if the Biaoqing price continues north, effectively flipping the $0.03335 resistance into a support floor. While a stable move above the centerline of the ascending parallel channel would be ideal, only a decisive candlestick close above $0.04499 would vindicate the Biaoqing price from the thicket.
GeckoTerminal: BIAO/USD 4-hour chart
On the other hand, with the lower highs on the Relative Strength Index (RSI), BIAO holders ought to be concerned. There is also a pending sell signal that would be executed once the MACD crosses below the orange band of the signal line.
Meanwhile, the volume profiles show dwindling nodes, signifying a shift in sentiment in favor of the bears. Enhanced seller momentum where the Biaoqing price breaks below the $0.02575 level would entice more sell orders. In a dire case where the BIAO price closes below $0.00976, the bullish thesis would be invalidated.
Meanwhile, experts are saying that rival meme coin WienerAI (WAI) might explode on launch after charging towards $6 million in funds raised in its presale. Crypto YouTuber Jon Trading lists it among his top AI crypto meme coins of 2024.
Promising Alternative To Biaoqing
WAI is the token that powers the WienerAI ecosystem. It is a hybrid token leveraging its AI capabilities to replicate the success seen in other canine meme coins such as DOGE and SHIB. The project delivers a unique mix of animal memes, advanced AI technology, and some processed meat humor.
Our Dachshund is chillin’ on the beach before the big launch!
Are you ready to catch the wave? pic.twitter.com/6I41W6uWiM
— WienerAI (@WienerDogAI) June 15, 2024
WienerAI boasts a huge following and has already raised $5.88 million.
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
WienerAI is integrating a trading bot into its platform. This function delivers user-friendly AI-enhanced trading, seamless swap functionality, and zero fees.
Consider WienerAI the ChatGPT of crypto.
Not only will the Bot find winning trades with unrivaled accuracy and give meaningful reasoning for its suggestions, but WienerAI is Swap-Enabled–meaning you don’t have to leave the App to place your trades. (3/4) pic.twitter.com/5HFpCmVOHh
— WienerAI (@WienerDogAI) June 11, 2024
WienerAI also boasts carefully designed tokenomics aimed at fostering long-term sustainability and growth. The team has set aside 20% of tokens for staking rewards, where users can stake $WAI for an impressive 193% annual percentage yield (APY).
How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) May 9, 2024
Each WAI token is currently selling for $0.000719. Interested investors should snap it up soon because a price hike is coming in a little more than a day.
Buy WienerAI here with ETH, USDT, or a bank card.
Also Read:
PlayDoge (PLAY) – Newest ICO On BNB Chain
- 2D Virtual Doge Pet
- Play To Earn Meme Coin Fusion
- Staking & In-Game Token Rewards
- SolidProof Audited – playdoge.io
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