Baby BNB Price Poised For A Further Uptrend After Surging 43% In 24 Hours

The Baby BNB price has surged 43% in the last 24 hours to trade at $0.1403 as of 7:40 a.m. EST on a 5% drop in trading volume to $10.2 million.

The Baby BNB (BABY) price continues to surge, notching up a 43% gain in the last 24 hours to trade at $0.1403 as of 7:40 a.m. EST. However, the trading volume has dropped by 5% over the same period to $10.2 million.

BABY is a new project that’s riding on interest in developments around Binance and its BNB coin. The token’s price surge comes after Binance co-founder and former CEO Changpeng Zhao, or CZ, outlined his future plans in his first detailed tweet since being released from prison in the US after serving a 4-month sentence.

CZ said he plans to “relax for a while” before deciding his next steps. He remains positive about the future, believing it holds more opportunities than the past.

My next project. @GiggleAcademy (No logo yet)

Free basic (grade 1-12 ish) education, for all.

No revenue.

Gamified.

Adaptive.

Read the Concept Paper at https://t.co/knqmZF0sQ8

We are HIRING. Small team, work directly with CZ.

— CZ 🔶 BNB (@cz_binance) March 19, 2024

The billionaire also shared that he will focus on Giggle Academy, an educational project that’s been doing well so far. He said it will be a “big part” of his life in the coming years. Additionally, he plans to devote more “time and funding” to charity.

But as Baby BNB continues to surge, GoPlus has identified that its contract calls functions from other contracts while executing its primary methods.

This reliance on external contracts introduces potential risks, including reentrancy attacks, access control vulnerabilities, and exposure to insecure contracts. Traders are advised to exercise caution when engaging with this token.

Baby BNB Price Poised For A Further Uptrend

The BABYBNB/USD trading pair on the 1-hour timeframe from PancakeSwap V3 on GeckoTerminal shows that the price movement is currently forming an ascending channel, characterized by two parallel trendlines representing support and resistance.

The price has made higher highs and higher lows, indicating an ongoing uptrend. The green arrow indicates a potential continuation of this upward momentum if the price breaks above the channel’s upper boundary, which acts as resistance. At the same time, the lower trendline serves as support.

BABYBNBUSD Analysis Source: GeckoTerminal

The 50-period moving average (yellow line) is at 0.1052, and the price is currently above this level, suggesting that the market sentiment remains bullish in the short term. The 200-period moving average is not visible, which likely means the price is significantly above it, further reinforcing the bullish trend.

Baby BNB Price Technical Indicators Support The Bullish Trend Continuation

The Relative Strength Index (RSI) is at 55.39, which indicates moderate bullish momentum. Since it is above 50 but below 70, it suggests there is still room for further upward movement before entering overbought territory.

However, the Moving Average Convergence Divergence (MACD) indicator shows a slight bearish crossover, with the MACD line currently below the signal line. The histogram is positive but declining, indicating that bullish momentum is weakening, though a potential reversal could occur if the price respects the lower trendline of the ascending channel.

The volume, at 343.787K, signifies substantial trading activity, which is a good sign of the trend’s strength. Increased volume during upward movements would serve as a strong confirmation of bullish momentum. The uptrend could continue if the price remains within the ascending channel and the lower trendline is respected as support.

A break above the resistance trendline would confirm further bullish movement, while a breakdown below the support trendline could indicate a reversal.

Pepe Unchained Presale Surges Towards $17 Million

Meanwhile, investors are rushing to buy Pepe Unchained (PEPU), a Layer 2 meme coin that has just stormed past $16.5 million in funds raised in one of the most successful presales of the year.

Over the weekend, PEPU attracted the attention of a whale investor who snapped up PEPU tokens worth $53,000.

Prominent YouTuber ClayBro, who boasts over 130K subscribers, says PEPU could create a new generation of millionaires once it is launched.

As its name suggests, Pepe Unchained aims to liberate PEPE from its outdated layer-1 infrastructure. It’ll do that via its own proprietary, layer-2 blockchain that offers transaction speeds up to 100 times faster and significantly lower costs on the Pepe Unchained network.

Processing transactions on a separate chain reduces the burden on traditional layer-1 networks, resulting in a more seamless and