The Len Sassaman worth has exploded 650% within the final 24 hours to commerce at $0.00000000002898 as of 6:15 p.m. EST on buying and selling quantity of $3.58 million.
The value improve follows hypothesis on Polymarket that an HBO documentary to be proven this week may title the late cryptographer and privateness advocate Len Sassaman as Bitcoin’s creator, Satoshi Nakamoto.
Filmmaker Cullen Hoback, identified for his critically acclaimed “Q: Into the Storm,” lately introduced the documentary “Cash Electrical: The Bitcoin Thriller,” which goals to uncover Nakamoto’s identification.
Whereas Hoback didn’t reveal any particular title, Polymarket bettors are putting their bets, with 44.5% favoring Sassaman as of October 5, adopted by Hal Finney, Adam Again, Nick Szabo, and Paul Le Roux.
Len Sassaman Worth Eyes Main Rally On A Double Backside Sample
The value motion of LEN/USD over a brief timeframe reveals the worth started at round $0.00000000000026, shifting steadily and growing, steadily as much as a peak of $0.00000000006449. In keeping with GeckoTerminal knowledge, this gradual ascent represents robust shopping for momentum, pushing the worth greater.
Finally, the worth reached a resistance degree at round $0.00000000009349, which at present acts as a barrier the place shopping for stress is countered by a rise in promoting, inflicting the upward development to halt. Following this peak on the resistance degree, the worth went right into a steep fall again all the way down to round $0.0164, suggesting a robust promoting stress because of profit-taking by merchants.
LENUSD Evaluation Supply: Dextools.io
The value has now discovered help at round $0.00000000001441, resulting in the formation of a double backside sample, which indicators a possible bullish reversal, indicating that the worth examined the help degree twice and held robust, suggesting the top of the downtrend and the potential begin of a brand new uptrend.
Following the double backside sample, the worth rebounded sharply to roughly $0.00000000003265, indicating that patrons have returned, possible recognizing the double backside as a shopping for alternative.
Len Sassaman Worth Double Backside Alerts Potential Breakout, However RSI Flashes Warning
There’s a potential bullish continuation, with the worth anticipated to maneuver again up towards $0.00000000009349 or past if help round $0.00000000001441 holds. If shopping for momentum continues, the worth might surpass the earlier resistance degree and transfer greater.
Nevertheless, you will need to think about that the Relative Power Index (RSI) is at present at 100, which indicators excessive overbought situations. This means that purchasing stress has been very robust, and a pullback or correction could also be possible earlier than any important upward motion. If the help degree round $0.00000000001441 fails, the worth might drop additional to discover a new degree of help.
Primarily based on the double backside sample and the sharp rebound, there’s a good probability that the worth will proceed to rise, doubtlessly retesting the earlier resistance at $0.00000000009349 and probably reaching a brand new excessive within the upcoming days.
Nevertheless, merchants must be cautious as a result of overbought RSI degree and may look ahead to indicators of weak point, akin to bearish divergence in technical indicators, to find out whether or not the upward development will proceed or if a correction is imminent.
Pepe Unchained Presale Crosses $17.6 million: The Subsequent Crypto To Explode?
The joy across the Len Sassaman worth is matched by that for Pepe Unchained (PEPU), a Layer 2 meme coin that lately surpassed $17.6 million in its blockbuster presale.
Funding has been aided by whale traders, with one lately snapping up $58,000 value of PEPU.
In keeping with an analyst on 99Bitcoins, a preferred crypto YouTube channel with over 706k subscribers, PEPU could possibly be the following 10x meme coin.
Pepe Unchained has emerged as some of the profitable meme coin ICOs of the 12 months, drawing important consideration and funding as the primary Pepe-inspired meme coin with its personal blockchain.
In contrast to the unique Pepe, which runs on Ethereum and faces limitations because of older know-how, Pepe Unchained makes use of a singular Layer-2 blockchain. This new blockchain supplies quicker, cheaper, and extra scalable transactions, setting it other than different frog-themed meme cash.
The Breaker of Chains strikes once more!
$17M raised 🏗️ pic.twitter.com/dTpGIkooRO
— Pepe Unchained (@pepe_unchained) October 2, 2024
The undertaking can be providing an annual return of 123% for holders who stake their PEPU tokens.
PEPU tokens are at present promoting for $0.00993 every, and traders can purchase them utilizing ETH, BNB, USDT, or financial institution playing cards.
The value is ready to extend in lower than 2 days, so don’t wait too lengthy if you’d like the most effective deal.
Purchase PEPU tokens on the official web site right here.
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