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The RabBitcoin price jumped 24% in the last 24 hours to trade at $0.000004543 as of 4 a.m. EST on trading volume that surged 22% to $6.1 million.
RabBitcoin Price Prediction
The RBTC price has started recovering from its recent drop, and has a chance to return to the resistance at $0.0000050. However, its technical indicators suggest that this might not happen as quickly as some might expect, as the bulls are struggling against the bears right now.
For example, the project’s Bollinger bands are still fairly wide, which is a positive sign. On top of that, the price also managed to separate itself from the lower band and is no longer pushing it down, which is also a bullish signal. However, it only managed to return to the middle point between the two bands so far, lacking the strength to go to the upper band and push it higher.
This suggests that the bulls lack the strength to take over right now, although it is still a positive signal that the market is not entirely bearish.
Something similar can be seen when it comes to RabBitcoin’s Relative Strength Index (RSI), which recently hit the oversold zone at 27.94. Since then, the traders rushed in to buy the dip and they managed to push it back up to the neutral zone at around 47. However, they were unable to push it to the value of 50, or go beyond it, suggesting that the buyers are careful and unwilling to take a risk that would lead them to losses.
This suggests that they are unsure of the market’s current performance and are waiting to see who will take over, the bulls or the bears. With even the original Bitcoin currently struggling against the resistance at $64k, it is unlikely that RBTC will take the lead and rally on its own, so anyone looking to buy the token should keep a close eye on its performance and only make a purchase once the bulls are in control again.
Promising Alternative To RabBitcoin
Those looking for alternative investment choices might want to consider Memebet Casino (MEMEBET Token), which has raised more than $346k in a few weeks since it went live.
Memebet Casino is a new cryptocurrency project, currently still in presale that brings new utility to the meme coin market. That’s because it is the first crypto casino that focuses on the meme coin sector.
Plenty of other similar gaming platforms allow users to place wagers with digital assets, but this is the only web and Telegram platform that lets you use meme coins, specifically.
As such, it offers a new utility to the meme coin sector, in addition to major rewards, airdrops, and other benefits for its token holders.
YouTuber ClayBro, who has over 130k subscribers, believes that the project could see 130x gains after launch.
MEMEBET Token is selling now for $0.0255 and you can buy it with ETH, MATIC, BNB, USDT, or credit/debit cards.
Just make sure to do it soon as it is scheduled to see its next price increase in less than 2 days from now.
Visit the MEMEBET Token website here.
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