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The MAGA price has soared by 74% in the last 24 hours to trade at $0.0001457 as of 9:50 a.m. EST on a 98% surge in trading volume to $48 million, according to GeckoTerminal data.
MAGA Price Bulls Regroup
The price of MAGA indicates a rebound after a decline from its all-time high at $0.0001818. The bulls have established a solid support zone at $0.00003516, allowing them to regroup and drive a rally. This rally has created upward momentum, pushing the price toward the resistance level.
MAGAUSDT Analysis. Source: Dextools.io
The 50 and 21 simple moving averages (SMAs) are currently positioned below the price, signalling a potential upward movement for MAGA. If the price keeps gaining momentum, it might break above the 200 SMA, which would confirm the overall positive trend.
Even though the Relative Strength Index (RSI) recently dipped to 54, it has rebounded quickly, rising to 67, close to the overbought zone. With continued momentum, the RSI could soon enter the overbought territory.
MAGA Price Bulls Could Face A Resistance Ahead
MAGA price bulls are ready to push the price higher, targeting a new peak above its all-time high. If they maintain their momentum, they could drive the price back up to $0.0001818 in the coming weeks.
However, there’s a chance the price could hit a double-top at this level, which would indicate a bearish reversal. If this happens, bears might take control and push the price down, possibly forcing the bulls to fall back to the support zone at $0.00009423.61.
Is MegaDice The Next 100X Gaming Crypto?
While investors are very optimistic about the MAGA price outlook, so they are about the presale of Solana GameFi project Mega Dice (DICE), which has already raised over $1.2 million.
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Mega Dice uses cryptocurrency and cutting-edge technology to make the online casino experience smoother and more secure. By incorporating cryptocurrencies, the platform ensures faster transactions and lower fees, all without the hassle of bulky downloads.
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The project is the first GameFi project on the Solana blockchain and aims to challenge the casino sector titan Rollbit Coin.
Investors can benefit from a novel staking system via which DICE is the only GameFi token that distributes a share of profits to its users on a daily basis.
You can also join the DICE Season 2 Airdrop and grab a piece of the $750,000 prize pool. To qualify, just wager $5,000 or more between May 15 and June 28.
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The $DICE presale has already reached $1.3M and is well on its way to the next target of $2M! 🚀
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According to the 99Bitcoins YouTube channel, with more than 700k subscribers, DICE could 100X after launch.
If you’d like to join the presale, you can buy $DICE on the official website for $0.075 per token. You can also earn 10% on any purchases made by investors you refer.
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