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, recognized for his critically acclaimed “Q: Into the Storm,” not too long ago 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 Value Eyes Main Rally On A Double Backside Sample
The value motion of LEN/USD over a brief timeframe reveals the value started at round $0.00000000000026, transferring steadily and rising, steadily as much as a peak of $0.00000000006449. In response to GeckoTerminal knowledge, this gradual ascent represents robust shopping for momentum, pushing the value increased.
Ultimately, the value reached a resistance degree at round $0.00000000009349, which at the moment acts as a barrier the place shopping for stress is countered by a rise in promoting, inflicting the upward pattern to halt. Following this peak on the resistance degree, the value went right into a steep fall again right down to round $0.0164, suggesting a powerful promoting stress attributable to profit-taking by merchants.
LENUSD Evaluation Supply: Dextools.io
The value has now discovered assist at round $0.00000000001441, resulting in the formation of a double backside sample, which indicators a possible bullish reversal, indicating that the value examined the assist degree twice and held robust, suggesting the tip of the downtrend and the doable begin of a brand new uptrend.
Following the double backside sample, the value rebounded sharply to roughly $0.00000000003265, indicating that patrons have returned, doubtless recognizing the double backside as a shopping for alternative.
Len Sassaman Value Double Backside Indicators Potential Breakout, However RSI Flashes Warning
There’s a potential bullish continuation, with the value anticipated to maneuver again up towards $0.00000000009349 or past if assist round $0.00000000001441 holds. If shopping for momentum continues, the value may surpass the earlier resistance degree and transfer increased.
Nevertheless, it is very important think about that the Relative Power Index (RSI) is at the moment at 100, which indicators excessive overbought situations. This means that purchasing stress has been very robust, and a pullback or correction could also be doubtless earlier than any vital upward motion. If the assist degree round $0.00000000001441 fails, the value may drop additional to discover a new degree of assist.
Based mostly on the double backside sample and the sharp rebound, there’s a good probability that the value will proceed to rise, probably retesting the earlier resistance at $0.00000000009349 and probably reaching a brand new excessive within the upcoming days.
Nevertheless, merchants ought to be cautious as a result of overbought RSI degree and will look ahead to indicators of weak point, equivalent to bearish divergence in technical indicators, to find out whether or not the upward pattern will proceed or if a correction is imminent.
Pepe Unchained Presale Crosses $17.6 million: The Subsequent Crypto To Explode?
The thrill across the Len Sassaman worth is matched by that for Pepe Unchained (PEPU), a Layer 2 meme coin that not too long ago surpassed $17.6 million in its blockbuster presale.
Funding has been aided by whale traders, with one not too long ago snapping up $58,000 value of PEPU.
In response to an analyst on 99Bitcoins, a well-liked crypto YouTube channel with over 706k subscribers, PEPU might be the following 10x meme coin.
Pepe Unchained has emerged as some of the profitable meme coin ICOs of the 12 months, drawing vital consideration and funding as the primary Pepe-inspired meme coin with its personal blockchain.
Not like the unique Pepe, which runs on Ethereum and faces limitations attributable to older expertise, Pepe Unchained makes use of a novel Layer-2 blockchain. This new blockchain supplies sooner, cheaper, and extra scalable transactions, setting it aside from 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 the moment promoting for $0.00993 every, and traders should buy 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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