After a deep price crash from its highs, some traders are bullish again on Jeo Boden ($BODEN) after its Uptober bounce.
Biden is out of the election – but $BODEN is up this month. Will it continue to pump?
Traders Say Gains to Come, But BODEN Has Burned Through Every Major Structural Level
Traders are still taking bets on BODEN, although it’s down massively from its ATH.
It’s currently trading at $0.006657, up 0.7% today, down 27.1% this week, and up 40.4% this month.
BODEN has a $4.58 million market cap and a $658K 24-hour trading volume.
Its low market cap and volume mean it would not take much buying pressure to soar its price. But on the flip side, it also means that a couple of heavy sell orders could be a washout.
Put differently, Jeo Boden is at a crossroads right now – but volatility will only increase as the election nears. This could be good or bad.
So let’s look at what analysts are saying.
ChimpZoo says, “Run it back,” and suggests that $BODEN below $0.01 is cheap.
The analyst also nods to a Telegram group, which illustrates there remains an active community supporting the token.
Meanwhile, an X account that goes by BODEN Shiller says he is accumulating BODEN at its current price, which is in the “red zone” on the Fibonacci Retracement tool.
Based on the Fibonacci levels on BODEN Shiller’s chart, $0.01 is the next major level, which would likely be an upside target if the price continues to rise.
However, the Fibonacci red zone is typically not a good buying opportunity since it indicates a loss of key structural levels, and there has yet to be enough opposing momentum to confirm a reversal.
Although BODEN is up 40% this month, it has retraced significantly from its monthly high and continues to make lower lows on the price chart.
The next level to the downside is $0.005, which is our bearish (and more likely) target.
BODEN also remains down significantly from its early 2024 highs. At its price of $0.006657, it is at a staggering 99.1% loss from its highs.
This illustrates an almost complete abandonment among the Jeo Boden community, making it a lot more risky than some other low-cap meme coins.
However, traders looking to capitalize on the PoltiFi narrative still can. A new project called FreeDum Fighters has launched, and it’s gaining significant momentum.
New PolitiFi Token FreeDum Fighters Raises $270K at Presale – Can It 100X?
Unlike Jeo Boden and most other PolitFi tokens, FreeDum Fighters is not just a meme coin.
The project opens users to excitement, speculation, and entertainment through multiple innovative features.
Primarily, it offers Trump and Harris-themed staking pools “MAGATRON” and “Kamacop 9000.” Users can contribute their tokens to either pool, and they’ll earn rewards when their respective candidate does well in the elections—this also includes debates and media interviews, not just the final result.
Another unique feature is weekly debates, which invite users to craft compelling political arguments in a bid to earn $DUM rewards,
Users can also earn via FreeDum Fighters’ referral program. These features separate the project from other PolitiFi tokens and provide long-term potential, even after the elections commence.
Moreover, users can propose upgrades and changes to the project, opening it to endless future utilities.
BODEN and many other PolitFi tokens have provided investors with 100x gains or more in the past. Now, analysts like Umar Khan say $DUM could be the next.
And the presale is offering investors a way to get in early.
However, the price will incrementally increase throughout, with the next uptick in three days.
