BEFE, the meme coin king, is expanding its footprint rapidly in the cryptosphere with price stability. Holding some real potential, the meme coin king has captivated the headlines of the market. Launched in late 2023, since then it has been on a bullish momentum, achieving more than 600% in a very short period. However, noting some BEFE price catalysts, analysts are predicting an 800% gain to be witnessed in the coming months.
What helped BEFE to continue its bullish cycle?
Since its launch as a meme coin, BEFE has created a frenzy in the crypto market. As BEFE captivated the eyes, being an early meme coin, enthusiasts began to explore more. Finding that it is acting as the powerhouse to the Bitgert ecosystem, it is kind of a utility token guise in meme coin.
With its tremendous potential and long paved path, BEFE attracted an optimistic community. Amid witnessing notable gains, the presale event of the meme coin began in multiple phases, captivating more eyes. As the cryptocurrency completed some of the phases, many institutional investors also began to buy and hodl BEFE in their portfolios.
While garnering such bullish sentiments, the masterminds behind the meme coin officially announced that soon it will be listed on 3 major crypto assets exchanges. Such news fueled the rally more, as being listed on major exchanges will push more institutional investors to hodl.
What does the BEFE price trajectory show?
Amid some notable upswings, BEFE is in a short-term bearish momentum. According to CoinMarketCap, over the past 7 days, it is down by more than 26%, which is a sign that investors are waiting to be listed on major exchanges which will begin on April 15. Noting the market scenario and 5 technical indicators being bullish, analysts have bullishly suggested that it is the right to buy BEFE for a discounted price.
The BEFE STC indicator with the settings (23, 50, 10, 3, 3, close, 75, 25) is currently at 53.11, suggesting a neutral zone. Such a BEFE signal can be viewed as a bullish sign, as it suggests there’s the potential for the price upswing. On the other hand, the MACD line is currently below the signal line, and the MACD histogram is also slightly bearish. Imagine the MACD and STC indicators showing that the price rally is igniting before a significant rally occurs.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.