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bitcoin Maxi Tears price plummeted 78% in the last 24 hours to trade at $0.001047 at 04:59 am EST on trading volume increasing to $1.7 million.
The bitcoin Maxi Tears (BMT) token was launched on the XRP Ledger (XRPL), which playfully poked fun at the rivalry between bitcoin maximalists and the Rising Ripple (XRP) community.
bitcoin Maxi Tears Price Forms a Bearish Falling Wedge
The BMT price on the 15-minute chart indicates a clear falling wedge pattern, as defined by the blue parallel trend lines. This pattern represents a consistent bearish trend, with bitcoin Maxi tears price forming lower highs, lower lows and lower lows throughout the observed period.
He BMT Price is currently trade Near the lower boundary of this channel at $0.001047, showing some attempts to stabilize.
The candlestick structure suggests weak bullish momentum in the descending channel, with occasional ascending wicks testing the resistance of the upper trendline. However, these moves have failed to break the upper limit, leading to further downward pressure.
Additionally, the 50-period simple moving average (SMA) acts as a dynamic resistance, with prices consistently trading below. The moving average line slopes downward, reinforcing the downtrend and indicating a lack of buyer strength.
The RSI is currently at 35.32, indicating a near-upside condition. While this suggests that selling pressure has been dominant, it could also hint at potential exhaustion among sellers.
Meanwhile, the blue moving average convergence divergence line (MACD) is below the signal line and trending in negative territory, showing continued bearish momentum.
BMT Price Prediction
Given the current price trends and indicator readings, BMT price is likely to remain bearish in the near term, with the price potentially retesting the lower boundary of the negative channel at $0.001042.
However, if the RSI continues to approach oversold levels or the MACD shows signs of a bullish crossover, a reversal may occur.
In that case, the first resistance to Watch is the upper channel line near $0.001070, followed by the 50-period SMA at $0.001162. A break above these levels would indicate a possible bullish trend reversal.
As the price of BMT soars, investors are also buying a new meme coin called MEME INDEX (MEMEX). According to crypto analyst and YouTuber Jacob Bury, who has over 54K subscribers, MEMEX has the potential to be the next 10x crypto.
https://www.youtube.com/watch?v=tj5c4wu3-mm
Meme Index Presale Closing at $3 Million Milestone
MEME Index is the world's first decentralized meme coin index that is currently in its pre-sale phase. The project has already raised $2.9 million and continues to gain momentum.
The MEMEX token features several investment baskets, including the MEME Titan Index, MEME Moonshot Index, MEME Midcap Index, and MEME Frenzy Index.
Each basket caters to different risk appetites, from relatively safer options like MEME Titan to the higher-risk MEME frenzy, which features emerging, highly volatile meme coins for those looking for an exciting investment experience with potentially big rewards.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”12.28813559322″>
MEME Index is live on upcoming tokens! <a target="_blank" href="https://twitter.com/memecoin_index?ref_src=twsrc%5Etfw”>@memecoin_index introduces the first diversified meme coin platform, powered by <a target="_blank" href="https://twitter.com/search?q=%24MEMEX&src=ctag&ref_src=twsrc%5Etfw”>$MEMEXgiving unparalleled access to the $120 billion meme coin market.
MEME Index offers exclusive access to indices that address each risk… pic.twitter.com/gsibbuzozx
– Best Wallet (@BestWallethq) <a target="_blank" href="https://twitter.com/BestWalletHQ/status/1872656212686160070?ref_src=twsrc%5Etfw”>December 27, 2024
MEMEX holders can also participate in the project's pre-sale betting pool, which is currently providing a stratospheric 769% annual return.
You can purchase MEMEX tokens on the official website for only $0.0155933 to participate in the pre-sale.
Buy MEMEX here to lock in the best deal before its price increases in less than 22 hours.
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