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The r/snoofi price has skyrocketed 250% in the past week over 2% in the last 24 hours to trade at $0.01396 as of 3:25 a.m. EST on a 29% drop in trading volume to $11 million.
r/snoofi Price Breaks Out In A Bullish Stance
The R/SNOOFI chart shows that the crypto is trading within a clearly defined bullish channel after rebounding around $0.0094 – $0.0095 from a major support zone. This support zone is a strong foundation for the price, preventing further declines and sparking an upward move. Price action indicates a short-term bullish trend, with the ascending channel guiding the upward momentum.
R/SNOOFI/USD Analysis Source: Dextools.io
The 50 Simple Moving Average (SMA) on the 4-hour chart, currently around $0.0087, is positioned below the current price. It is currently providing a dynamic support and further confirms the bullish outlook. Additionally, the price is well above the 200 SMA as well, reinforcing a strong long-term uptrend.
The RSI stands at 54.70, indicating a neutral to mildly bullish sentiment. It also indicates that there is room for additional upside movement before the market becomes overbought.
The MACD also shows a bullish stance, as the MACD line remains above the signal line with positive histogram bars, indicating ongoing buying momentum.
r/snoofi Price Prediction
The meme coin’s momentum has been weakening, so caution is advised, especially if the crypto’s price approaches the aforementioned channel’s upper boundary.
If the altcoin’s price stays within the bullish channel and breaks above its upper boundary, it could target the next resistance levels around $0.0160 – $0.0170.
Conversely, a pullback towards the major support zone near $0.0095 is likely if the price exceeds the channel’s support. A breakdown below this level could then shift the market sentiment to bearish.
The trend remains bullish as long as the price stays above the major support and within the channel, with short-term buying opportunities near the channel’s lower boundary and more secure long-term positions above the 50 SMA.
Mega Dice Presale Storms Past $1.7 Million-The Next Crypto To Explode?
In addition to r/snoofi, investors are also betting big on the future of a new GambleFi token by the name of MegaDice (DICE), which has already secured over $1.7 million in early funding.
Crypto analyst and Youtuber TodayTrader believes DICE could deliver 100X returns, particularly with its upcoming DEX launch that is poised to boost its value significantly.
Mega Dice is a popular crypto-focused online casino and betting platform offering players access to over 4,500 games, including favorites like slots, blackjack, roulette, and an extensive sportsbook.
The Mega Dice team aims to enhance its platform by launching its own Solana-based token, DICE, which will serve as a utility token within the Mega Dice ecosystem.
Token holders can earn rewards through the DICE token and gain exclusive access to games as well as betting options unavailable to non-token holders.
🚀 $DICE is landing on Solana! 🎲
Get ready for exclusive benefits, retroactively and with every wager. 🌟
The ultimate casino token experience is coming. Stay tuned for updates through our official channels: Telegram & X.#Solana $DICE 🎰 pic.twitter.com/eDuMR3DH0e
— Mega Dice Casino (@megadice) April 3, 2024
The early bird bonuses available during the current ICO phase have also fueled interest in DICE since its presale launch. You can stake your DICE tokens to earn a share of the platform’s revenue, with potential earnings growing as more players join. With Mega Dice already having 10,000 active monthly users, DICE investors who lock in their tokens will likely immediately benefit from substantial daily rewards.
Currently, DICE is priced at $0.110529 and can be purchased directly through the buy widget embedded on the project’s official website. Additionally, if selected, you will receive limited edition NFTs, which offer special privileges and rewards that can be traded on the market.
However, it’s important to act fast—the token price is set to increase in just over four days.
Buy DICE on its official website here using BNB, ETH or SOL.
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