Join Our Telegram channel to stay up to date on breaking news coverage
The Heroes of Mavia price has soared 15% in the last 24 hours to trade for $7.9484 as of 1:36 a.m. EST time on trading volume that plunged 20%.
It comes amid hype around gaming tokens with MAVIA rallying alongside ImmutableX (IMX), Beam (BEAM), Illuvium (ILV), and Axie Infinity (AXS). Other players in the gaming sector that are flashing green include The Sandbox (SAND), and Gala Games (GALA).
Gaming tokens are riding Bitcoin's bullish wave, with @Immutable jumping into the top 25 overall cryptocurrencies and @MaviaGame seeing a 4x spike since launch. Click to read via @ggDecrypt: https://t.co/ushBFAqCVt
— Decrypt (@decryptmedia) February 12, 2024
MAVIA is trending alongside BTC, HTX, MANTA, and ETH in the list of top crypto gainers by volume metrics.
🚀#HTX Top Crypto Volume:
🔹 #Bitcoin 95M
🔹 $HTX 75M
🔹 $MANTA 62M
🔹 $ETH 41M
🔹 $MAVIA 38MWhat are you trading now?
Trade Crypto Only on https://t.co/K7SVDpBTiU pic.twitter.com/G1MelGZkf0
— HTX (@HTX_Global) February 13, 2024
Following our analysis on Feb. 12, the Heroes of Mavia price has found support due to the 78.6% Fibonacci level at $7.5134. The 50-day Simple Moving Average (SMA) also reinforced the support base at $7.0058.
The price is now filling up a pennant triangle. This means investors must wait for a breakout to determine the next directional bias.
For now, however, the odds favor the upside. The 50-day SMA is northbound, showing this is the path with the least resistance. The Relative Strength Index (RSI) is above 50, moving above the signal line (yellow band). These add credence to the bullish supposition.
Increased buying pressure could see the Heroes of Mavia price escape above the triangle to reclaim the range high of $9.5000.
TradingView: MAVIA/USDT 2-hour chart
On the flip side, if selling pressure increases, the Heroes of Mavia price could break below the pennant triangle and the 78.6% retracement level. An extended fall could see the gaming token descend to the 50-day SMA, or lower the 61.8% Fibonacci level at 5.9442. In a dire case, the altcoin’s prevailing bullish outlook would be invalidated if the price breaks and closes below the 50% Fibonacci level at $4.8421.
Promising Alternative To The Heroes of Mavia
Meanwhile, attention has shifted to MK, a GameFi project that analysts say is poised to take the meme coin space by storm. Others say it may be the best GameFi token to buy now and rank it among their top choices for meme coins to invest in.
A bit of luck. A bit of skill.
That's what it takes to get in on the next big memecoin according to @BuryCrypto, but we say you need that too if you want to win Meme Kombat⚔️ pic.twitter.com/x6gMy9LvPu
— Meme Kombat (@Meme_Kombat) February 12, 2024
MK powers the Meme Kombat ecosystem, and is advertised on the website as an “innovative gaming platform designed for gaming enthusiasts.” Project participants get to fight in the arena, represented by meme characters of their choice. The AI-driven battles allow users to bet with $MK, the platform’s own ERC-20 token.
Life is so much better when all of us are doing well! pic.twitter.com/HgRixSnYpx
— Meme Kombat (@Meme_Kombat) February 11, 2024
The project has soared to almost $8.7 million in funds raised out of the target of $10 million. Its popularity comes as it harnesses the future of play-to-earn (P2E) gaming and staking while striving to establish its presence within the meme coin realm.
We're grinding this week.
What goals are you smashing this week fighters? pic.twitter.com/LmOmdRXi0F
— Meme Kombat (@Meme_Kombat) February 12, 2024
Investors looking to buy MK in the current stage can do so for $0.279, with the option to stake it for Annual Percentage Yields (APY) as high as 108%. The staking dashboard is already live, so MK holders do not need to wait out the presale.
Staking also plays a pivotal role in Meme Kombat’s ecosystem, providing players with a means to reap rewards by staking their $MK tokens. Do not wait for battles, begin earning APY on $MK tokens today by buying the presale.
Visit Meme Kombat website to buy MK here.
Also Read:
- Best Meme Coins to Buy Now – New & Trending Meme Coins In 2024
- How To Buy Meme Kombat On Presale – Alessandro De Crypto Video Review
- Top Meme Coins to Buy For The Upcoming 2024 Bull Run – $SPONGEV2, $SMOG, $MK
- Earn Passive Income With Meme Kombat’s Staking Mechanism, Which Is Live Now
- Meme Kombat Keeps Breaking Milestones – Could This Be the Next 100x Crypto Gem?
- Heroes Of Mavia Price Prediction: MAVIA Plummets 25% As This Meme GameFi Presale Blasts Past $8.6 Million
PlayDoge (PLAY) - Newest ICO On BNB Chain
- 2D Virtual Doge Pet
- Play To Earn Meme Coin Fusion
- Staking & In-Game Token Rewards
- SolidProof Audited - playdoge.io
Join Our Telegram channel to stay up to date on breaking news coverage
