Boomer Price Prediction: BOOMER Soars 17% as WienerAI Presales Surpass $2 Million

adminMay 18, 2024

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Boomer prices have surged 17% in the last 24 hours. Traded at $0.04317 As of 6:40 PM ET, trading volume had surged 25% to $1.6 million.

Boomer Prices Could Continue Rally Above Rising Channel

Boomer price is currently trading around $0.035, which is an important support level following the previous high of $0.043. This price range reflects the struggle between buyers and sellers, forming a rising channel pattern. If the price breaks above the channel, this pattern indicates a possible reversal to a bullish trend.

boomer price

BOOMERUSDT analysis. Source: Tradingview.com

Price indicators are bullish and Boomer is trading above the 50 and 200 simple moving averages. If this upward trend continues, we could see a break above the upper trendline of the channel, confirming Boomer’s bullish momentum.

Additionally, the relative strength index (RSI) rebounded from the oversold level of 30 to about 70, indicating strong buying interest. If this momentum continues, RSI could enter overbought territory.

The MACD indicator is also showing positive signs, with a green bar crossing above its recent signal line, further increasing optimism about Boomer’s price potential.

Boomer prices are headed for a big rally. The presence of a rising channel provides an opportunity for bulls to push the price higher towards new highs of $0.06549.

However, if the bears rise again, the price may fall in line with the lower limit of the channel, falling towards $0.02158. Additional downward pressure could lead to a retracement towards the $0.01239 support below the channel’s lower trendline.

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