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The TG.Casino price surged more than 10% over the past 24 hours to trade at $0.6867 as of 1:15 am EST.
TG.Casino Price May Be Getting Ready To Soar
4-hour chart for TGC/WETH (Source: TradingView)
Earlier today, the TG.Casino price briefly dipped below 0.0002501920 ETH support level but has since recovered. As a result, TGC has entered into a consolidation zone between 0.0002501920 ETH and 0.0003092440 ETH.
This may be an accumulation phase before another leg up, as technical indicators on TGC’s 4-hour chart suggest bulls are gearing up for a strong move.
The Moving Average Convergence Divergence (MACD) line is closing in on the MACD Signal line. Should these two lines cross within the next 24 hours, it could signal that the TG.Casino price has entered into a short-term bullish cycle.
Buyers May Boost The TG.Casino Price Soon
In addition to the MACD, the Relative Strength Index (RSI) indicator is also flagging bullish. The RSI line is rising towards the Simple Moving Average (SMA) line, which may be a sign that buyers are growing stronger against sellers. An intersection between the RSI and SMA lines will trigger a major technical flag, suggesting that bulls have gained an advantage. It will subsequently be easier for buyers to boost the TG.Casino price in the following few days than it will be for sellers to pull it down during the same period.
A potential sign of this bullish move could be when TGC breaks above the 0.0003092440 ETH resistance level. This could then give the crypto the foundation needed to continue rising in the next few days. On the other hand, a break below the $0.0002501920 ETH support may prevent this bullish thesis from playing out.
In this alternative scenario, the TG.Casino price could retest the 0.0001847585 ETH support in the short term. In an extremely bearish scenario, the crypto may fall to as low as 0.0001249190 ETH.
While the TG.Casino price looks to potentially enter an upside move, analysts also expect exponential gains from Meme Kombat.
Tapping Into Thriving Markets
Analysts say Meme Kombat is nicely positioned to benefit from both the thriving meme coin sector and the emerging blockchain gaming space. Through its innovative gaming platform, popular memes such as Milady, Baby Doge, Doge, Floki, Kishu, Mong, Pepe, Pepe2, Shiba, Sponge and Wojak will soon face off in Meme Kombat’s Season 1. More memes will enter the ecosystem in later seasons.
$100k closer to reaching our goal🥳
$8.2 million LFG! pic.twitter.com/dgmpKBz8ZY
— Meme Kombat (@Meme_Kombat) February 5, 2024
Holders of Meme Kombat’s MK token will be able to place bets on the outcomes of these battles. More-hyped battles will also take place within the ecosystem, opening up the opportunity for more lucrative rewards for winning bets.
By letting the top memes battle it out, Meme Kombat introduces much-needed utility into the meme coin space. Set to capitalize on the vibrant meme coin and the rapidly-growing blockchain gaming sectors, MK could soar shortly after its launch.
Attractive Staking Returns On Offer
Investors who invest in Meme Kombat’s presale will also gain access to the Annual Percentage Yield (APY) of 113% on offer through the project’s staking program. This, combined with the ability to earn rewards and MK’s potential breakout, could lead to threefold rewards for investors.
MK is currently selling for $0.279 and can be purchased using either Ether (ETH), Tether (USDT) or Binance Coin (BNB) on Meme Kombat’s official website. With its presale surpassing $8.3 million and quickly closing on its target of $10 million, interested investors should move fast to secure their tokens before listing.
MK can be purchased here.
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