Broccoli Coin Rises After Announcement of Listing Plans on Binance

Bittime - Meme coins continue to attract the attention of the crypto market. This time, BROCCOLI, a dog-inspired digital asset owned by former Binance CEO, Changpeng Zhao (CZ), experienced a sharp price spike after receiving support from Binance.

What is BROCCOLI Coin?

BROCCOLI is a meme coin that relies on community and branding as its main attraction. As with most meme coins, the project does not have a complex utility, but has attracted attention due to its association with influential figures in the crypto world.

Price Surge and Binance Support

BROCCOLI price jumped more than 50% after Binance announced the launch of a USD-denominated perpetual contract tied to the coin. 

Based on CoinMarketCap data, BROCCOLI reached a daily high of $0.07596 before correcting to around $0.04827. Despite this, the price is still well below the all-time high recorded at $0.2851.

Read also: BROCCOLI Meme Coin, Is It Worth Buying?

Binance's support is not only limited to perpetual contracts, but also through community voting to determine which meme coins will get official listings on their platform. 

Of the nine candidates, including the two BROCCOLI tokens, only two will be selected, opening up a huge opportunity for wider exposure and adoption.

BROCCOLI Technical Analysis

From a technical perspective, the Relative Strength Index (RSI) indicator shows that BROCCOLI was in the zone overbought before undergoing correction. Meanwhile, Bollinger Bands indicate quite high volatility with resistance levels at $0.059 and $0.079.

On the 4-hour chart, levels Fibonacci extension 1.618 at $0.02326 becomes the zone support potential if the price experiences a further decline, while the main resistance remains around $0.07596.

Potential and Risks of Meme Coin

As a meme coin, BROCCOLI has great profit opportunities, but is also accompanied by high volatility. Investors must understand that price movements are greatly influenced by market sentiment and social media trends. 

Therefore, in-depth research (Do Your Own Research – DYOR) is important before investing.

Conclusion

BROCCOLI is an example of how a meme coin can quickly attract attention and experience a significant price spike. With support from Binance, the opportunity for BROCCOLI to become increasingly well known is greater. 

However, investors still have to be careful and consider the risks inherent in speculative crypto assets.

FAQ (Frequently Asked Questions)

1. Is BROCCOLI officially listed on Binance?

Not yet, but Binance has backed the BROCCOLI perpetual contract, and the coin is in the community vote for an official listing opportunity.

2. Does BROCCOLI have any real utility or is it just a meme coin?

BROCCOLI is a meme coin without significant technical utility, relying more on community and social media trends.

3. How to buy BROCCOLI?

BROCCOLI can be purchased on crypto exchanges that support it. If listed on Binance, purchases can be made via spot trading or perpetual contracts.

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Reference: 

CoinSpeaker, Broccoli Meme Coin Skyrockets 50% After Binance Unveils Support, Accessed March 21, 2025
CoinGecko, Broccoli Coins, Accessed March 21, 2025
Broccolibnb.org, Broccoli Official Website, Accessed March 21, 2025

Author: Irwan