Broccoli Meme Coin Surges 50% Following Binance Support Announcement
The meme coin CZ's Dog (BROCCOLI) has gained attention following support from Binance. The coin increased over 50% in value, trading at $0.04827 after peaking at $0.07596. Despite these gains, it remains 82.95% below its all-time high of $0.2851.
Binance’s Influence on BROCCOLI’s Rally
BROCCOLI's price surge follows Binance's announcement to list multiple USD-margined perpetual contracts, including BROCCOLI trading pairs:
- TUTUSDT – Trading from March 20, 09:00 UTC
- BIDUSDT – Trading starts March 20, 09:15 UTC
- BROCCOLI714USDT – Available from March 21, 09:00 UTC
- BROCCOLIF3BUSDT – Listed March 21, 09:15 UTC
- SIRENUSDT – Trading opens March 22, 09:00 UTC
- BANANAS31USDT – Goes live March 22, 09:15 UTC
These contracts aim to enhance liquidity and offer up to 25x leverage, boosting market sentiment for tokens like BROCCOLI.
Community Voting
Binance has opened community voting for potential token listings, allowing users to select two out of nine meme coins, including BROCCOLI tokens. This will determine which coins gain further exposure on the exchange.
BROCCOLI Price Analysis
Technical analysis indicates that traders should monitor the Relative Strength Index (RSI) and Bollinger Bands for price targets. Currently, the RSI is in the overbought zone, suggesting a correction may occur. Key resistance levels are at $0.059 and $0.079, while the Fibonacci extension indicates support near $0.02326 if prices decline further.