Is It Too Late To Buy BEER? BeerCoin Price Leaps 15% As Holders Pivot To This New ICO Aiming For 1,000% Gains

The
BeerCoin
price
price
is
up
15%
in
the
past
24
hours
to
trade
for
$0.0001751
as
of
05:33
a.m.
EST
on
trading
volume
that
soared
by
50%.

The
BeerCoin
ecosystem
launched
its
native
token,
BEER,
on
the
Solana
blockchain
only
a
few
days
ago.
Its
debut
was
met
with
a
steep
downtrend
before
a
strong
recovery.
A
top-notch
team
from
Germany
leads
the
project.

The
surge
comes
ahead
of
the
BEER
token
being
listed
on

BingX
platform
on
Friday,
May
31,
with
traders
buying
the
news.

$BEER
WILL
BE
LISTED
ON

@BingXOfficial
TODAY
AT
2
PM
UTC
????????

https://t.co/CKERbQ9um1

—
beercoin
(@beercoinmeme)

May
31,
2024

The
token
is
also

listed
on

Gate.io
exchange,
where
the
same
buy-the-news
situation
played
out.

The
meme
coin
took
the
internet
by
storm,
with
reports
that
at
some
point
it
was
the
most
searched
token
on
CoinGecko,
the
world’s
largest
independent
crypto
data
aggregator.
It
was
also
trending
on

DEXView.

However,
amid
a
lull
in
momentum,
shown
by
the
Relative
Strength
Index
(RSI)
being
subdued,
the
uptrend
remains
limited
in
the
short
term.

BeerCoin
Price
Prediction

The
BeerCoin
price
remains
within
the
confines
of
the
ascending
parallel
channel,
increasing
the
odds
for
a
further
upside.
As
long
as
the
bulls
keep
the
BEERCOIN
price
within
this
governing
pattern,
BEER
token
holders
would
realize
more
gains.

A
stable
close
above
the
$0.0001717
threshold
would
increase
the
odds
for
a
further
upside.
A
higher
high
above
the
intra-day
high
of
the
May
29
session
of
$0.0001852
would
confirm
the
continuation
of
the
uptrend.
This
could
see
the
BeerCoin
price
ascend
to
the
$0.0002000
psychological
level.

The
position
of
the
Relative
Strength
Index
(RSI)
above
the
50
threshold
is
a
sign
that
the
bulls
have
the
advantage.
The
Moving
Average
Convergence
Divergence
(MACD)
in
positive
territory
also
supports
this
supposition.

GeckoTerminal:
BEER/USD
4-hour
chart

Converse
Case
As
The
BeerCoin
Price
Displays
An
Inverse
Hammer
Candlestick

On
the
other
hand,
considering
the
subdued
RSI,
buyer
momentum
is
easing.
This
leaves
the
BEERCOIN
market
at
the
risk
of
a
takeover
by
the
bears.

It
is
also
worth
mentioning
that
the
BEER/USD
trading
pair
on
the
four-hour
chart
has
formed
an
inverted
hammer
candlestick.
An
inverted
hammer
candlestick
has
a
small
body
at
the
bottom
of
the
price
range
with
a
long
upper
wick
(shadow).

The
presence
of
an
inverted
hammer
candlestick
after
an
uptrend
suggests
that
the
bears
have
stepped
in
to
push
the
price
lower,
indicating
potential
bearish
momentum.
The
long
upper
wick
signifies
that
bulls
tried
to
push
the
price
up
significantly
but
were
ultimately
unsuccessful.

For
an
inverted
hammer
candlestick
to
be
considered
a
strong
bearish
signal,
it
should
ideally
appear
at
the
end
of
an
uptrend.
Traders
often
look
for
confirmation
in
the
form
of
lower
prices
in
the
next
candlestick
or
a
bearish
follow-through.

As
such,
traders
looking
to
take
short
positions
on
the
BEERCOIN
should
probably
wait
for
the
BEER
price
to
record
a
candlestick
close
below
$0.0001717.
In
a
dire
case,
a
fall
below
the
$0.0001387
threshold
would
signify
a
change
in
market
structure,
effectively
invalidating
the
bullish
outlook.

Elsewhere,
investors
are
pivoting
to
Solana
meme
coin
rival
SEAL,
a
new
crypto
ICO
that
some
analysts
say
is
capable
of
1000%
gains
after
launch. Crypto
YouTuber
Cilinix
Crypto
says
traders
should
get
into
the
token
“on
the
ground
floor.”

Promising
Alternative
To
BeerCoin

SEAL
powers
the

Sealana
ecosystem,
a
character
based
on
a
chubby
seal
that
is
fully
immersed
in
the
Solana
Sea.
The
character,
once
sleek
and
agile,
is
so
absorbed
in
degen
trades
that
he
abandons
the
initial
figure
of
his
youth
for
a
diet
of
chips
and
tinned
tuna.

New
Meme
Crypto
‘Sealana’
Attracts
Whales
As
Solana
Price
Recovers.

#SolanaMemecoin

pic.twitter.com/zqP73U7Mk3

—
TechStory
(@TechStoryin)

May
5,
2024

With
Solana
meme
coins
passing
as
the
choice
investment
in
a
speculative
market,
Sealana
is
thriving.
It
continues
to
attract
more
investors,
best
seen
with
its
presale
sales
hurtling
past
$3
million.

The
project’s
integration
with
the
Solana
blockchain
is
a
key
advantage,
leveraging
Solana’s
robust
performance,
low
fees
and
rapidly
expanding
ecosystem.

Similar
to
the
Slothana
(SLOTH)
presale,
Sealana
is
a
‘Send
SOL’
launch
without
a
timer,
stages,
hard
cap,
or
even
a
whitepaper.
Because
that
means
it
could
close
at
any
time,
now
is
the
optimal
moment
to
buy
SEAL
if
you
are
interested.

Visit
and
buy
SEAL
tokens
here

for
$0.022.

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