Jeo Boden Price Prediction as BODEN Hits $0.30 Level – $1 BODEN Possible?

cryptonews.com:

The Jeo Boden price has declined by 8% in the past 24 hours, with the new Solana-based meme token falling down to $0.333 after hitting an all-time high of $0.3916 yesterday.

This means that BODEN – which is a meme-y riff on incumbent US President Joe Biden – has gained by 300% in a week and by 900% in a fortnight.

In fact, the coin is up by over 1,000% since listing on Raydium earlier this month, and so far rallied back each of the times it has dipped since then.

As such, it could potentially reach $1 in the next few weeks or months, helped by an increasingly bullish market.

Based on BODEN’s chart and indicators, it looks as though it has just begun rising again in the past hour, after a dip overnight.

For instance, its relative strength index (purple) has reached a bottom after dropping from 70 this morning, with the indicator passing 50 again in the past hour.

At the same time, BODEN’s short-term average (yellow) has also recovered after dipping over the same time span, again providing a signal that the meme token is about to rebound.

And what’s interesting about BODEN’s chart is that it has gone through several mini-cycles already in its short life, rising again after each dip.

We can expect the same thing to happen today and in the near future, although it’s interesting to note that its volumes during its most recent peak have been only half of what they were when the coin rallied on March 14.

It’s, therefore, possible to argue that BODEN will increasingly run out of steam with each success rise and fall, implying that at some point, it may dump altogether.

That said, it has attracted some new exchange listings in recent days, with Poloniex adding the token today.