Broccoli Price Skyrocketed 188% in the Last 24 Hours to Trade at $0.05101

The Broccoli price skyrocketed 188% in the last 24 hours to trade at $0.05101 as of 2:00 a.m. EST on trading volume that reached $58.6 million.

The price of Broccoli (BROCCOLI) has skyrocketed by 188% in the last 24 hours to trade at $0.05101 as of 2:00 a.m. EST on trading volume that reached $58.6 million.

TheBroccoli token was created by the crypto community in honor of Changpeng Zhao’s (CZ) dog, Broccoli. On Feb. 13, Zhao posted his dog’s story, explaining how he was asking a zoo owner in Dubai about dog breeds that are adapted to the hot weather, only to receive a Belgian Malinois that same evening.

“A year and a half ago, I casually chatted with a friend who owned a (real) zoo in Dubai,” wrote CZ. “Curious, I asked what dog breed is adapted to the Dubai summer heat. I had no plans to get a dog.”

Later that evening, CZ’s doorbell rang and a young Belgian Malinois showed up at his doorstep. He named the puppy Broccoli and shared a bit more details about his personality.

“I’m not launching a meme coin, let the best meme coin in the community win,” added CZ at the end of his post.

For those asking for a CA (contract address) from me, no, I am NOT issuing a meme coin. I am just posting a photo of my dog and his name, as some of your requested.

I also took advice from this thread yesterday. Let the best meme coin in the community win. ??? https://t.co/dTe1izCwJW

— CZ ? BNB (@cz_binance) February 13, 2025

The meme coin went live about two days ago, on Feb. 17. While it did see quite strong price movements in the first 24 hours, the real surge came yesterday, when the token skyrocketed from $0.01727 to $0.07280 before correcting to a support at $0.035, and then surging again in the past several hours to its current price.

Its Bollinger Bands saw a massive widening during yesterday’s surge, only to then narrow significantly as the price began to stabilize. However, with today’s new surge, the bands are once again widening, with the BROCCOLI price pushing the upper band further up.

15-minute chart for BROCCOLI/USD (Source: TradingView)

The token’s Relative Strength Index (RSI) blew up during yesterday’s surge, reaching the value of 88.01, heading deeply into the overbought zone. After the price peaked, however, traders took profit, resulting in the RSI dropping to the value of 40.

However, with the start of the new day, the project started seeing greater fluctuations again, and the RSI shows that it is due to an increase in activity, as its value started going up and down from 40 to 60 and back.

Right now, the crypto’s RSI is once again heading toward the overbought zone, indicating that the token could retest its previous resistances and maybe head for a new all-time high.