BOME
Although its current market capitalization is only $650 million, the trading volume has reached $350 million, with a turnover rate of 51%, indicating that it is very active in the market. Currently, the market makers are steadily positioning around 0.008, protecting the market while accumulating positions.
If it can solidify its position and break through, it would be like untethering constraints, significantly reducing selling pressure, and the price is likely to rise steadily.
PENDLE (Pendle)
Pendle (PENDLE) has risen by 5.24% in the past 24 hours, and the market sentiment remains bullish, with the fear and greed index currently at 86, indicating an extreme greed state. In the past year, Pendle's price has skyrocketed by an astonishing 394%, surpassing 83% of the top 100 cryptocurrencies, including Bitcoin and Ethereum.
Currently, Pendle's trading price is well above its 200-day simple moving average (SMA) of 0.778, with an increase of 594.39%. Over the past 30 days, Pendle has performed steadily, recording 17 green trading days, accounting for approximately 57%. Additionally, Pendle's high liquidity further supports its strong position in the market.
According to predictions for November 2024, Pendle's price is expected to continue rising, with a forecast range of $5.32 to $17.97. Based on these forecasts, Pendle's average price could reach $10.48, which means investors could achieve a potential return on investment (ROI) of 234.09%, assuming they buy at the current price and sell at the peak. Pendle's recent performance and technical indicators suggest that a bullish trend may continue in the coming months, with its strong performance above the 200-day SMA, high liquidity, and ongoing growth highlighting its future potential.
GOAT
GOAT has performed impressively over the past week, with an increase of 64.12%. Since October, this meme token has been steadily climbing, but to maintain this momentum, it needs to stabilize at the support level of $0.940. If it falls below this position, the price may retrace to $0.666, potentially ending the current bull market trend.
Moreover, GOAT has attracted attention from crypto bigwigs like Arthur Hayes and has become favored by cryptocurrency whales. Last month, a whale withdrew 14,409 Solana tokens from Binance and purchased $1.72 million worth of GOAT tokens at an average price of $0.383. This scale of investment shows strong market interest in GOAT.
As of the time of writing, GOAT has a market capitalization of $1.18 billion, with a trading volume of $488.35 million. According to Santiment's on-chain data, GOAT's attention on social media and among traders has significantly increased. In the past month, GOAT's price has risen by 308.92%, making it a focal point of investor interest, with many speculating whether it can challenge meme coin giants like Dogecoin (DOGE) and Shiba Inu (SHIB).
