A Trader Lost Millions In Jeo Boden (BODEN) Meme Coin Gamble
Trader's Loss on Meme Coin: An anonymous trader lost nearly $8 million after investing in the Joe Biden-themed meme coin, Jeo Boden (BODEN), which has since plummeted by about 99% in value, leaving their investment worth approximately $85,000.
Market Trends and Speculation: While Biden-linked meme coins have declined over 60% since his withdrawal from the presidential race, other meme coins like Mogcoin are surging, leading to speculation about a potential upcoming altcoin season.
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Technical Analysis for JUP
Technical Sentiment Analysis for Jupiter (JUP) As of , Jupiter (JUP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for JUP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, JUP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Jupiter (JUP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0638 | 0.101 | 0.136 | 0.173 | 0.207 | 0.245 | 0.279 |
| Fibonacci | 0.101 | 0.129 | 0.146 | 0.173 | 0.2 | 0.217 | 0.245 |
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