BEFE has seen some really interesting price action recently.
/BEFE/ – In an astonishing turn of events, the meme coin to top the charts this week is not the age-old and people’s favorite, Shiba Inu or DogeCoin. But, it’s none other than the newest kid of the lot, BEFE.
Photo: TradingView
Price Action
BEFE has seen some really interesting price action recently. Ever since its inception, it has given its initial investors a return of over 700%. But in the past 7 days, it has seen a rise of over 45%
This surge is mainly due to the announcement that the BEFE project made on X (Twitter) to conduct a presale of its coin on Solana in 20 phases by April 10th, 2024.
This recent development has significantly impacted BEFE’s technical indicators, notably with a surge in average trading volume. Over the past 7 days, its average volume reached 708,423, marking one of its highest levels. This spike is particularly remarkable considering BEFE’s relatively small market capitalization of just $57 million.
Other than that, BEFE is witnessing Momentum (10) and MACD Level (12, 26) which signals a buy. No wonder there is an increasingly high buying pressure and bullish momentum. With that, the convergence of Exponential Moving Averages (EMA) and Simple Moving Averages (SMA) across various timeframes (10, 20, 30, 50), indicates that this bullish trend is not just here for now, but will stay for a long time.
BEFE’s Presale: Something Worth Getting Into
The BEFE presale has garnered a lot of attention from the entire cryptocurrency market. This frenzy is signaling bullish momentum and optimism for the long term.
With technical indicators signaling positive momentum and optimism surrounding BEFE’s presale event, many analysts believe that the next target of BEFE stands at $0.00190. This makes it a surge of over 200%. That’s why investing in the coin offers the potential for substantial returns.
The rapid rise of BEFE during this phase shows how the market is expecting a lot from it. Moreover, its presale has not only fueled its price momentum but has also contributed to the evolution of the blockchain landscape through innovation and increased investor participation.
As the phases of presale keep unfolding until April 10th, it will be really exciting to see what happens next.
However, just like any other crypto, its always wise to DYOR and take calculated risks to avoid any kind of mistakes and losses.