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The Roost Coin price has plunged 31% in the last 24 hours to trade at $0.04218 as of 12:40 a.m. EST on a 65% drop in trading volume to $7 million.
But the ROOST price has more than doubled in the last seven days, boosting its market capitalization to $42 million. ROOST operates on the Base blockchain.
Roost Coin Price Bounces on Bullish Pennant Lower Trendline
The ROOST price indicates a downtrend from its peak at $0.07818. The struggle between the bulls and the bears to control price leads to a bullish flag pattern that signals a bullish trend reversal. Traders look to the pattern for a bullish trend continuation.
After a side-long move in price, the bulls finally found an anchor support, cementing their feet and driving the price up. However, the support level at $0.03761 now offers another chance for the bulls to drive the price back up again.
If the increased momentum pushes the price above the pennant’s upper trendline, it will enable the bulls to initiate another rally, driving the price to a new high.
ROOSTUSDT Analysis(Source Tradingview)
The price is trading just below the 50-day simple moving average (SMA), with strong support from the 200-day SMA. If the bulls push the price upwards, it could break above both the 50-day SMA and the upper trendline of the pennant, gaining positive momentum.
The Relative Strength Index (RSI) has bounced back from 40, moving up towards the midline at 50. As momentum builds, the RSI could reach the overbought zone at 70, suggesting strong buying pressure for Roost.
The MACD indicator also points to a bullish trend. It’s showing signs of a rebound below the neutral position, with a crossover on the horizon as the blue average line approaches the orange signal line. Additionally, the histogram bars turning green signal that the bulls are starting to regain control.
Roost Coin Price Bulls Poised For A Bull Rally
The Roost Coin price looks to be poised for a significant bull rally as the bulls ride the bullish pennant pattern, boosting bullish momentum and pushing the price towards the previous high of $0.07883. Increased momentum should see the price hit a new high at $0.09896.
Conversely, if the bears regain control, the price could fall to $0.03259, coinciding with the 200 SMA.
Meanwhile, as the Roost Coin price gears up for another rally, the dog-themed WienerAI presale has surged past $5.2 million in funds raised.
A Promising Alternative
WienerAI (WAI), a new AI-powered meme coin blends the viral appeal of meme coins with the power of AI. This unique mix makes it stand out from most other meme coins and is a major factor behind its early success.
🚀🎉 $5M Milestone Achieved! 🎉🚀
WienerDogAI is just getting started!! 🌭🤖 pic.twitter.com/x7G1kFx729
— WienerAI (@WienerDogAI) June 8, 2024
WienerAI aims to help users become better traders with its AI-powered trading bot. This bot can answer questions and search the market for the best opportunities. If you ask WienerAI for your next trade idea, it will provide a market analysis to increase your chances of success.
Though the concept of an AI-powered trading companion might seem complex, WienerAI makes it accessible for traders of all experience levels.
UPGRADE your trading strategy.
The WienerAI Trading Bot will be your trusted trading companion, leveraging AI to make savvy and predictive moves in a dynamic market. pic.twitter.com/uYCRAWRd2N
— WienerAI (@WienerDogAI) June 1, 2024
Enjoy Passive Income Through Staking
Investors holding WAI tokens can stake them and earn an impressive annual yield of 211%. The platform has dedicated 20% of its token supply specifically for staking.
By blending innovative AI-driven trading features with attractive staking rewards, it’s clear why WienerAI is drawing so much attention.
Crypto Boy, an analyst and YouTuber, says that WAI has the potential to give 100X returns to investors upon its launch.
Currently, WienerAI is priced at $0.000717. But with a price hike coming in slightly more than two days, buy now to secure the best deal.
Buy WAI tokens here using ETH, BNB, USDT, or a bank card.
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