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 enhance follows hypothesis on Polymarket that an HBO documentary to be proven this week would possibly identify 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,” just lately introduced the documentary “Cash Electrical: The Bitcoin Thriller,” which goals to uncover Nakamoto’s identification.
Whereas Hoback didn’t reveal any particular identify, 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 worth started at round $0.00000000000026, shifting steadily and rising, regularly as much as a peak of $0.00000000006449. In response to GeckoTerminal information, this gradual ascent represents robust shopping for momentum, pushing the worth increased.
Ultimately, the worth reached a resistance degree at round $0.00000000009349, which at present acts as a barrier the place shopping for strain is countered by a rise in promoting, inflicting the upward pattern to halt. Following this peak on the resistance degree, the worth went right into a steep fall again right down to round $0.0164, suggesting a robust promoting strain as a consequence 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 alerts a possible bullish reversal, indicating that the worth examined the help degree twice and held robust, suggesting the top of the downtrend and the attainable begin of a brand new uptrend.
Following the double backside sample, the worth rebounded sharply to roughly $0.00000000003265, indicating that consumers have returned, possible 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 worth anticipated to maneuver again up towards $0.00000000009349 or past if help round $0.00000000001441 holds. If shopping for momentum continues, the worth may surpass the earlier resistance degree and transfer increased.
Nevertheless, you will need to take into account that the Relative Energy Index (RSI) is at present at 100, which alerts excessive overbought situations. This implies that purchasing strain 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 may 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, probably retesting the earlier resistance at $0.00000000009349 and probably reaching a brand new excessive within the upcoming days.
Nevertheless, merchants needs to be cautious as a result of overbought RSI degree and will look ahead to indicators of weak spot, reminiscent of 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 just lately surpassed $17.6 million in its blockbuster presale.
Funding has been aided by whale buyers, with one just lately snapping up $58,000 price of PEPU.
In response to an analyst on 99Bitcoins, a well-liked crypto YouTube channel with over 706k subscribers, PEPU could possibly be the subsequent 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 as a consequence of older know-how, Pepe Unchained makes use of a singular Layer-2 blockchain. This new blockchain gives 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 present promoting for $0.00993 every, and buyers 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 would like the very best deal.
Purchase PEPU tokens on the official web site right here.
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