The Jeo Boden value rose 12% within the final 24 hours to commerce at $0.3573 as of 03:03 a.m. EST on buying and selling quantity that skyrocketed 30% to $34.43 million.

Its pump was, mockingly, powered by former US President Donald Trump saying it’s not a superb funding. Buyers took that as a purchase sign, firing BODEN into the ranks of the highest crypto gainers within the final 24 hours.

Trump, who’s vying for US President below the Republican ticket, additionally got here out in assist of cryptocurrencies and mentioned his marketing campaign would settle for donations in crypto.

Jeo Boden Worth Set To Rally Above The Falling Wedge Sample

Based on GeckoTerminal, the Jeo Boden value, after its launch, rallied via a markup part that noticed the bulls push the value to an all-time excessive (ATH) of $1.04 on April 8.

Since then, Boden has been on a downward pattern, buying and selling inside the boundaries of a falling wedge sample.

The BODEN bulls appear to have discovered a formidable assist of round $0.2940, which has allowed the bulls to push the value above the higher boundary of the falling wedge, as they goal to push the value above.

BODEN is buying and selling under each the 50-day and 200-day Easy Shifting Averages (SMAs), coinciding with the latest value retrace.

Nevertheless, the Relative Energy Index (RSI) is rebounding from the 30-oversold area because it heads north, presently at 48, indicating rising shopping for stress. If the momentum is sustained, the RSI might soar previous the 70-overbought area, which signifies continued investor optimism.

Moreover, the studying on the Shifting Common Convergence Divergence (MACD) reveals a bullish crossover, because the blue MACD line crosses above the orange sign line. A bullish crossover is usually utilized by buyers so as to add extra to their buys.

The inexperienced bars on the histogram are additionally starting to type above the impartial line, a sign of a looming breakout in direction of constructive momentum to the upside. The Common Directional Index (ADX) additionally trades upwards above degree 25, which reveals that BODEN is in a robust bullish pattern.

Jeo Boden Worth Prediction

The Jeo Boden value evaluation on the 4-hour chart reveals that BODEN is gearing up in direction of an enormous uptrend above the higher boundary of the falling wedge.

Main indicators, together with the RSI, MACD, and ADX, present bullish prospects for bullish buyers, who’re set to push the value above, concentrating on $1.00. The golden cross shaped at $0.5875 additional helps the bullish sentiment.

Nevertheless, if the bears take management of the value at this degree, BODEN may bear a retrace to the $0.1961 assist degree.

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