Butthole Coin Price Surged 67% in the Last 24 Hours, Heads For a Retest of the $0.12 High

The Butthole Coin (BUTTHOLE) price soared 67% in the last 24 hours to trade at $0.1005 as of 11:15 p.m. EST on trading volume that surged 132% to $56 million.

The BUTTHOLE/USD chart analysis on the 1-hour timeframe shows that the BUTTHOLE price is on an explosive uptrend, making a sharp parabolic move in recent sessions.

The move started after a period of consolidation around $0.03, followed by increasing bullish momentum, pushing the Butthole Coin price to a high of $0.12 before retracing to $0.10, according to GeckoTerminal data.

The strong breakout was accompanied by a significant spike in trading volume, indicating active participation from buyers.

While the 50-day Simple Moving Average (SMA) at $0.0658 provided reliable support during the rally, the price of Butthole Coin has now extended far above both the 50-day SMA and the 200-day SMA ($0.0296).

Meanwhile, the Relative Strength Index (RSI) is currently at 60.01, just above the neutral zone. This indicates mildly bullish momentum but suggests that the recent parabolic move has cooled down slightly. A retracement or consolidation may allow the RSI to stabilize before any continuation.

The Moving Average Convergence Divergence (MACD) line (blue) is still above the signal line (orange) but shows a slight flattening, hinting at weakening bullish momentum. The histogram bars are shrinking, which suggests the possibility of a short-term slowdown or correction.

The recent Butthole Coin price parabolic move suggests strong bullish sentiment. If the price of BUTTHOLE holds support above $0.10, it could aim for a retest of the $0.12 high and potentially target the next resistance at $0.15.

A break below $0.10 could lead to a retracement toward the 50-day SMA at $0.0658, which aligns with a strong support zone. Buyers might step in at this level to maintain the broader bullish structure.

As the BUTTHOLE price aims for a continued upward surge, investors are also flocking into the new presale meme coin Flockerz (FLOCK).

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.