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The Celestia price rose 17% in the last 24 hours to trade at $6.926 as of 03:47 a.m. EST on trading volume that surged 28% to $260 million, according to CoinGecko.
This increase comes as the ongoing Modular Summit, led by Celestia, contributes to the growing positive sentiment around the project.
Celestia Price To Continue Surging Over The Rounding Bottom
The Celestia price has been on a sustained downtrend since June, as the bears exerted pressure on the token. TIA price has since found weak support around $4.2, which allowed the bulls to stage a bullish trend reversal, forming a rounding bottom pattern.
Investors aim to capitalize on the rounding bottom pattern to stage a continuation of the surge over the rounding bottom, with TIA trading above both the 50-day and 200-day Simple Moving Averages (SMAs).
Moreover, the Relative Strength Index (RSI) is retracing from above the 70-overbought region, to currently trade at 51 and heading down, an indication that sellers have an upper hand.
If the sellers sustain the pressure, the price of Celestia could retrace back to the $6.4 support level, coinciding with the 50-day SMA.
However, the 50-day crosses above the 200-day SMA, which forms a golden cross at $5.42. A golden cross could encourage investors to buy, which could push TIA above, as the bulls target $9.0.
Meanwhile, as the Celestia price bulls look for more buying signals, other meme coin lovers are buying into a new DOGE derivative ICO called PlayDoge (PLAY).
PlayDoge Presale Raises Over $5.5 Million – Best Meme Coin To Buy Now?
PlayDoge is a mobile-based play-to-earn (P2E) game that transforms the DOGE meme into a Tamagotchi-style virtual pet, which allows users to earn $PLAY tokens.
Don’t ghost your #Doge or it’ll die 👻
Feed your Doge, earn rewards, and level up. No mazes, just fun!#Presale has launched! 🙌#PlayDoge #P2E #Memecoin pic.twitter.com/Fp2sFwycpj
— PlayDoge (@PlayDogeGame) May 31, 2024
The project has continued to gain traction in the crypto community, with its explosive ICO already amassing over $5.5 million.
The project is based on PlayDoge, a virtual dog that acts as a P2E companion. Through the P2E mechanics, the project allows players to earn rewards by caring for their pet and taking it on adventurous journeys, earning $PLAY tokens in the process.
PlayDoge functions on the BNB Smart Chain, created by the world’s largest crypto exchange, Binance. The blockchain allows users to have easy access to transaction efficiency and seamlessly integrate gaming activities.
The platform also allows $PLAY token holders to earn passive income through its staking option, where users can easily stake their tokens for an annual percentage yield (APY) of 89%.
99Bitcoins, a prominent crypto channel on YouTube, says that PlayDoge could surge 50X to 100X after its launch.
You can buy $PLAY tokens for $0.00517 each. With a price hike coming in about a day, buy soon to secure the best deal.
To join the presale, buy $PLAY from the official website here using BNB, USDT, or a bank card.
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