Elon

Byte

Elon Musk

The post <a href="https://coinpedia.org/price-analysis/byte-price-explodes-125-after-elon-musk-mention-in-latest-x-stream/">Byte Price Explodes 125% After Elon Musk Mention In Latest X Stream&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The AI memecoin BYTE exploded 125% in intraday trading after the tech giant and Starlink owner mentioned BYTE in his latest stream on X(Twitter). Elon Musk while testing the new X streaming feature, replied to a conversation by saying “Byte is the perfect name for AI Dog”, to which the market reacted quickly to trigger buyers.&nbsp; 
The name is Byte was initially inspired by Elon Musk’s announcement that he would name his pet ‘Byte’.&nbsp; 
Byte comes out of the blue today waning attention from trending coins like PEPE, FLOKI, QNT, ETH, ROSE, NOT, and others. BYTE is $0.00001732 at the time of writing, with a spike of 125% in 24 hours and 250% in 7 days.&nbsp; 
Byte coin is among the low-cap meme coins, the crypto is dramatically in a downtrend since hitting its All time high ( ATH) of $0.00006408 on March 13, ever since it couldn’t drive the investor attention that a meme coin does.&nbsp; 
<h2 class="wp-block-heading" id="h-byte-is-under-high-volatility-be-careful-nbsp">BYTE is under high volatility, Be Careful&nbsp;</h2> 
BYTE is facing high volatility with this impulse price surge, the RSI high at 81.58, indicating an overbought signal bears trying to take back the RSI under the line.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="442" src="https://image.coinpedia.org/wp-content/uploads/2024/06/10180006/image-172-1024x442.png" alt="" class="wp-image-314399" srcset="https://image.coinpedia.org/wp-content/uploads/2024/06/10180006/image-172-1024x442.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/06/10180006/image-172-300x130.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/06/10180006/image-172-768x332.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/06/10180006/image-172-1536x664.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/06/10180006/image-172-2048x885.png 2048w, https://image.coinpedia.org/wp-content/uploads/2024/06/10180006/image-172-150x65.png 150w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
The MACD line (blue) is moving above the signal line (orange) showing a bullish trend supported by the green candles.&nbsp; 
<h2 class="wp-block-heading" id="h-byte-price-prediction-nbsp">BYTE Price Prediction&nbsp;</h2> 
The explosion in Byte price today is due to an unforeseen factor and meme coins are built to gain high marketcap by this kind of influential factor.&nbsp; 
Traders cannot consider this surge as an investment opportunity, but look into Byte crypto’s longer vision, community growth, liquidity, and fundamentals to get into.&nbsp; 
BYTE price performance is appreciated as the coin made MC of $16 million and trading volume above $2 million without any major listings. 
Currently, the chart has broken the downward trendline and this could be a breakthrough to setup the buying zone by following the project news and watching other fundamentals.&nbsp;

Byte Price Explodes 125% After Elon Musk Mention In Latest X Stream

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