BookOfPussyCats Price Prediction: BOCA Plunges 98% As Analysts Rush to Buy This Solana Meme Coin Before It Is Listed.

adminApril 21, 2024

join us telegram A channel to stay up to date on breaking news coverage

The price of BookOfPussyCats plunged 98% in the last 24 hours to $0.00007328. 8:10 AM EST.

The sharp correction came after the token fell, surging to a high of $0.0066 before still rising 189% over the weekly period.

BookOfPussyCats Price Prediction: BOCA Facing Massive Correction

BOCA is currently in a downtrend, as evidenced by the late large red candlestick pattern showing a sharp price decline. Looking at the chart indicators, we can see that the BookOfPussyCats price has fallen below the lower limit, which usually indicates oversold conditions.

However, while price movement outside the bands can indicate a possible resurgence of a bullish situation, it can also indicate strong momentum, in which case it could lead to a decline.

On the other hand, when measuring the strength of the trend, the Average Directional Index (ADX) is well above 25, hovering around 38.47, indicating a very strong trend. Given the rapid price decline, we can infer that this strong trend is downward.

The Moving Average Convergence Divergence (MACD) is below the signal line (orange) and the histogram bars are increasing in length below the zero line, indicating increasing bearish momentum.

Based on these observations, technical analysis suggests a strong bearish trend for meme coins as holders may offload for profits after the recent pump. However, if the market becomes overextended towards the oversold side, a recovery may occur relative to previous support levels.

1-hour BOCA/USD chart | source: DEXTool

A promising alternative?

Meanwhile, as BookOfPussyCats prices were adjusted, SLOTH It is emerging as a promising alternative for meme coin enthusiasts. Slotthana is a sloth-based cryptocurrency launched during a market war between cat and dog-themed meme coins.

SLOTH broke away from that and carved out its own niche. This lazy office worker is exhausted after working 9 to 5. This is an idea that resonates with cryptocurrency investors facing the same challenges.

Because SLOTH is so relaxed, it quickly caught the market’s attention, with cryptocurrency analyst Jacob Bury identifying it as a token with the potential to generate 10x gains upon launch.

The token raised $10 million in less than two weeks and is now extending the last opportunity to buy before launch. There are now less than 9 days left, and the extension period may end early.

🚀 Faithful Slotthana, hold on to the branches! 🙂 We’re getting ready to share some major news. The official release date is coming soon! ⏰ A countdown timer will be hitting the site soon, so mark your calendars and get ready to set your alarm. Get the hype for Slotthana…
— Slothana (@SlothanaCoin) April 14, 2024