Biaoqing Price Prediction: BIAO Tops Meme Coin Gainers With A 157% Weekly Surge As Analysts Highlight This Other Coin For 100X Gains

The Biaoqing (BIAO) price decreased by 10% in the last 24 hours and is currently trading at $0.02991 as of 10:23 p.m. EST. The trading volume has also fallen by 30% to $6 million.

Despite this, BIAO has been the top-performing meme coin in the past week, with a 157% increase, as per CoinGecko.

BIAO Price Shows Potential for Trend Reversal

BIAO has been on a remarkable upward trajectory since its launch this month, reaching an all-time high (ATH) of $0.0515. After hitting this peak, the price has fluctuated within an ascending triangle pattern.

BIAO is currently trading above its 200-day Simple Moving Average (SMA), indicating a bullish long-term outlook. If the bulls maintain this trend, the price may surpass the resistance level of $0.03510.

However, the price has recently retraced to the lower boundary of the triangle. The Relative Strength Index (RSI) is also approaching the oversold level of 30, currently at 38.

BIAO Price Prediction

Technical analysis suggests that BIAO is in a slightly bearish trend but remains within the ascending triangle pattern. The bulls may use this opportunity to push the price towards the upper boundary of the triangle, targeting a new ATH at $0.075.

With the RSI crossing oversold levels, the bulls may initiate buying, driving the price higher.

Conversely, if the bears continue to exert pressure, the price may fall below the triangle's support level of $0.02960, leading to a retreat to the next support zone at $0.02239.