Is It Too Late To Buy GUMMY? Gummy Price Soars 21% And This Might Be The Next Crypto To Explode

Insidebitcoin2024/07/26 17:56

By:Insidebitcoin

The Gummy price has surged 21% in the last 24 hours to trade at $0.01618 as of 7:10 a.m. EST on a 12% surge in trading volume to $6 million.

Gummy Price Analysis: Can The Bulls Sustain Momentum?

The Gummy price indicates a consolidation phase as bulls have stopped the bears from further profiting and are pushing the price nearly to break above the bearish channel.

The bulls are gearing for an upward momentum at the $0.00873 support zone, pushing the price to the channel’s upper trendline.

GUMMYUSDT Analysis (Source: Tradingview)

The price market shows signs of accumulation above the channel, indicating that bullish investors are gearing up to push the price to reclaim the previous high and subsequently achieve new highs.

If GUMMY continues the momentum, it will create a solid technical base, potentially triggering a bull rally above the channel. This situation prompts traders to consider opening long positions, anticipating GUMMY’s entry into a new phase of upward price discovery.

Although the price faces resistance below the 50-day simple moving average, it trades relatively above the 200-day SMA, indicating support for the overall bullish sentiment.

The recent MACD blue line crossing above the orange signal line, while below the neutral position, is seen as bullish, signalling a potential reversal to an upward trend. The green histogram bars further indicate intense buying pressure for the GUMMY price.

The Relative Strength Index remains bullish above the 50 midline level to 58. Its upward momentum indicates a favourable condition to enter the overbought territory, supporting a positive sentiment for GUMMY price.

Gummy Price Bulls May Push the Momentum Above The Bullish Rally

The bullish momentum behind the Gummy price indicates a potential upward drive supported by positive technical indicators. An increased moment should help the bulls reclaim the previous high at $0.1063. However, there’s optimism that the all-time high will be reclaimed at around $0.2335.

Conversely, the bearish pressure could regain control and force the trend below the support zone to the channels’s lower trendline at $0.0096.

A Promising Alternative With 100X Potential

The enthusiasm for the Gummy price surge is also seen in the presale of the GameFi token Mega Dice (DICE) , which is shaking up the crypto casino landscape after raising $1.66 million.

The project stands out as a top brand in the crypto casino domain, boasting over 10,000 active players and monthly wagers exceeding $50 million. Investors can also enjoy over 4,000 casino games and 50 sports and eSports betting options.

Token holders can also share in the casino’s daily profits through its unique staking system.

According to 99Bitcoins, a prominent crypto channel on YouTube, $DICE has the potential to surge 100x after its launch.

You can buy $DICE on the official website to join the presale for $0.100254 per token. You can also earn 10% on any purchases made by investors you refer.

Buy DICE here using BNB, ETH, SOL, or bank card.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.