1.BNB
BNB Chain recently partnered with Google Cloud to provide $10 million in cloud credits aimed at supporting innovative projects in its Most Valuable Builder (MVB) accelerator program. The collaboration encourages continued innovation within the BNB ecosystem, particularly in the development of cloud and AI-driven decentralized applications (dApps).
Currently, Binance Coin (BNB) is trading at $620, with a 5.74% price drop in the past 24 hours. Nevertheless, the token is up 4.77% over the past week, reflecting positive momentum. Market sentiment around BNB remains bullish, with the Fear & Greed Index showing an "Extreme Greed" score of 84, which typically indicates strong investor interest and increased market activity.
BNB is trading 10.96% above its 200-day simple moving average (SMA) of $548.18, a positive sign relative to this long-term benchmark. BNB has closed higher 16 of the past 30 days. The token is also highly liquid with a volume-to-market cap ratio of 0.0483 and a 24-hour volume of $4.33 billion against a market cap of $89.76 billion.
BNB’s 14-day relative strength index (RSI) is currently at 62.95, indicating a neutral position and a possible sideways movement in the short term. The indicator suggests that BNB is neither overbought nor oversold, so the price action is stable without strong directional pressure.
2.WIF
Dogwifhat (WIF) has shown good momentum this week. On Monday, the stock traded within an ascending triangle, repeatedly testing the $2.70 resistance level. It fluctuated around the 2024 support line at $2.55, which is a key level to sustain bullish momentum. This pattern suggests an upside breakout, especially as WIF closed above $2.55 for eight consecutive days.
After successfully breaking through $2.70, WIF quickly rose to higher targets, trading above $4.00 at press time. Currently, WIF is priced at $3.4, up 31.12% in the past 24 hours and 71.75% in the past week, a strong increase.
To rise further, WIF needs to break through the $4.5 resistance level. Technical analysis suggests that if possible, the price could reach $5. The coin’s technical indicators look positive and its current price action suggests potential growth. Many traders are keeping an eye on these levels for additional gains.
Additionally, WIF has broken above the 100 EMA on the hourly chart, suggesting a possible shift in momentum. Previously, WIF had been through a period of volatility, testing higher highs and lower lows. The breakout occurred against a backdrop of volatile trading volumes, suggesting that traders are cautious but increasingly interested.
As WIF gains more attention, a new all-time high (ATH) could be just around the corner. If market conditions remain favorable, Dogwifhat could break above current levels. Investors should keep an eye on market trends and technical indicators to gauge its long-term potential. If Dogwifhat continues to perform well in 2024, it could see further growth.
3. TREES
BOME’s recent price surge has caught the eye of many investors. It has successfully broken out of the descending triangle pattern where it had been stagnant for about a month. Moreover, it has broken out of the trend reversal zone between $0.0076 and $0.0080, indicating that bullish sentiment is gaining momentum. Although it is forming a potential double bottom pattern, it could see a minor pullback before resuming the uptrend.
BOME has now broken out of the resistance zone, showing the potential to reclaim the critical range between $0.01124 and $0.01155. With increasing trading volumes, a slight drop to $0.0085 is possible, but the On Balance Volume (OBV) has rebounded and continues to climb, suggesting that a breakout of the previous bearish levels may be imminent. Analysts predict that the price of BOME may remain high for the rest of 2024 and may exceed $0.15 by the end of the year.
With the expected altcoin season around the corner, Book of Meme (BOME) is a promising project. At the time of writing, BOME is trading at $0.0096, up 19.78% in the past 24 hours and 26.71% in a week. Its RSI is 44, indicating that it is undervalued, which is a potential buying opportunity. If the altcoin season begins, BOME may reach $0.02.
BOME is also seeing growth in adoption, as it was recently added to PengyOS. It has achieved an impressive 1100.67% growth over the past year, although it is still below its all-time high. With Bitcoin ETFs absorbing more Bitcoin than mining can produce, the potential for gains in meme coins like BOME seems huge. With the fourth quarter approaching, now might be an ideal time to consider investing before the opportunity slips away.
