The Len Sassaman price has exploded 650% in the last 24 hours to trade at $0.00000000002898 as of 6:15 p.m. EST on trading volume of $3.58 million.
The price increase follows speculation on Polymarket that an HBO documentary to be shown this week might name the late cryptographer and privacy advocate Len Sassaman as Bitcoin’s creator, Satoshi Nakamoto.
Filmmaker Cullen Hoback, known for his critically acclaimed “Q: Into the Storm,” recently announced the documentary “Money Electric: The Bitcoin Mystery,” which aims to uncover Nakamoto’s identity.
While Hoback did not reveal any specific name, Polymarket bettors are placing their bets, with 44.5% favoring Sassaman as of October 5, followed by Hal Finney, Adam Back, Nick Szabo, and Paul Le Roux.
Len Sassaman Price Eyes Major Rally On A Double Bottom Pattern
The price action of LEN/USD over a short timeframe shows the price began at around $0.00000000000026, moving steadily and increasing, gradually up to a peak of $0.00000000006449. According to GeckoTerminal data, this gradual ascent represents strong buying momentum, pushing the price higher.
Eventually, the price reached a resistance level at around $0.00000000009349, which currently acts as a barrier where buying pressure is countered by an increase in selling, causing the upward trend to halt. Following this peak at the resistance level, the price went into a steep fall back down to around $0.0164, suggesting a strong selling pressure due to profit-taking by traders.
LENUSD Analysis Source: Dextools.io
The price has now found support at around $0.00000000001441, leading to the formation of a double bottom pattern, which signals a potential bullish reversal, indicating that the price tested the support level twice and held strong, suggesting the end of the downtrend and the possible start of a new uptrend.
Following the double bottom pattern, the price rebounded sharply to approximately $0.00000000003265, indicating that buyers have returned, likely recognizing the double bottom as a buying opportunity.
Len Sassaman Price Double Bottom Signals Potential Breakout, But RSI Flashes Warning
There is a potential bullish continuation, with the price expected to move back up toward $0.00000000009349 or beyond if support around $0.00000000001441 holds. If buying momentum continues, the price could surpass the previous resistance level and move higher.
However, it is important to consider that the Relative Strength Index (RSI) is currently at 100, which signals extreme overbought conditions. This suggests that buying pressure has been very strong, and a pullback or correction may be likely before any significant upward movement. If the support level around $0.00000000001441 fails, the price could drop further to find a new level of support.
Based on the double bottom pattern and the sharp rebound, there is a good chance that the price will continue to rise, potentially retesting the previous resistance at $0.00000000009349 and possibly reaching a new high in the upcoming days.
However, traders should be cautious due to the overbought RSI level and should watch for signs of weakness, such as bearish divergence in technical indicators, to determine whether the upward trend will continue or if a correction is imminent.
Pepe Unchained Presale Crosses $17.6 million: The Next Crypto To Explode?
The excitement around the Len Sassaman price is matched by that for Pepe Unchained (PEPU), a Layer 2 meme coin that recently surpassed $17.6 million in its blockbuster presale.
Funding has been aided by whale investors, with one recently snapping up $58,000 worth of PEPU.
According to an analyst on 99Bitcoins, a popular crypto YouTube channel with over 706k subscribers, PEPU could be the next 10x meme coin.
Pepe Unchained has emerged as one of the most successful meme coin ICOs of the year, drawing significant attention and investment as the first Pepe-inspired meme coin with its own blockchain.
Unlike the original Pepe, which runs on Ethereum and faces limitations due to older technology, Pepe Unchained utilizes a unique Layer-2 blockchain. This new blockchain provides faster, cheaper, and more scalable transactions, setting it apart from other frog-themed meme coins.
The Breaker of Chains strikes again!
$17M raised 🏗️ pic.twitter.com/dTpGIkooRO
— Pepe Unchained (@pepe_unchained) October 2, 2024
The project is also offering an annual return of 123% for holders who stake their PEPU tokens.
PEPU tokens are currently selling for $0.00993 each, and interested investors can buy them using ETH, BNB, USDT, or bank cards.
The price is set to increase in less than 2 days, so don’t wait too long if you want the best deal.
Buy PEPU tokens on the official website here.
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- Staking Rewards – pepeunchained.com
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