Binance (BNB) and Pepe price (PEPE) have been experiencing a downward trend over the last couple of weeks. Although both coins gained some momentum, the coins are still trading red. However, investors can rely on Raboo ($RABT), a unique presale coin, poised to dominate the meme market. Since its presale launched it continues to break presale records, like raising over $1.6 million from token sales alone. Find out more!
BNB shows signs of recovery after long term downward trend
BNB might be recovering from the long term downward trend that started after a six-day surge at the beginning of the month that saw it reach new all-time highs of $720 on June 6th. CoinMarketCap data shows that the price was trading below $600, only a few days previous.
Even after surviving the harm that regulatory difficulties did to its reputation, Binance has been able to stay resilient. Because of this, activity on its BNB Smart Chain (BSC) has also increased. As more people interacted with the network after BNB’s recent price spike, the blockchain witnessed a rise in on-chain activity, which added to the momentum.
DefiLlama data, however, shows a declining total value locked (TVL) on the network, driven by BNB’s almost 20% decline from all-time highs. Holders of the coin have, however, stayed resilient as BNB seems to be regaining momentum.
Pepe: Is the recent upward spike retainable?
In late May, PEPE broke out of the rising triangle and hit an all-time high of $0.000017. PEPE was selling at roughly $0.000011 in mid-June, having dropped 4.5% in the previous week. However, analysts claim that the PEPE price is currently within a falling wedge, which is generally regarded as a positive market structure, and at a critical support level.
PEPE price may hit a new all-time high if it breaks out of this wedge. For this possible recovery, the $0.786 Fibonacci retracement level provides solid support. According to technical analysis, maintaining the price at the critical support level of $0.000010 is essential. For PEPE to successfully break out, the barrier at $0.000013 must be broken.
Pepe’s (PEPE) performance over the past couple of days has been marked by extraordinary volatility; it started the year at low points and saw a notable increase in value in March. PEPE is currently trading at $0.00001093. It has however, experienced a 8% decrease over the last week, with a few short lived price spikes which could indicate a potential bullish trend, investors should proceed with caution.
Raboo presale heats up as it continues to show great potential
Raboo ($RABT) has stood out among other presales that started in 2024 in terms of investor interest and bullish potential. The meme coin project continues to work toward ushering in a new era of memes with the help of its artificial intelligence (AI) augmented technologies.
Raboo’s presale price during its first stage was $0.003, it has swiftly progressed to Stage 4, now priced at $0.0048, that’s a 60% increase. Experts claim that Raboo has the ability to explode by 100 times after listing. Analysts Predict $RABT could grow by 233% by the completion of the presale and 100X once it lists on major exchanges. Raboo is aiming to become a top 20 cryptocurrency and will look to challenge other meme coins such as Shiba Inu, Dogecoin and Pepe.
Conclusion
Although the values of both BNB and PEPE saw a sharp decline, which may have disappointed some investors, interest in the new presale currency Raboo ($RABT) is growing. Raboo is a meme coin that has the potential to increase in value tenfold by the end of the month, making it one of the most attractive options for investors hoping to profit from the generally positive state of the cryptocurrency market right now.
You can participate in the Raboo presale here:
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