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The Beam price has jumped by 15% in the last 24 hours as it traded at $0.022 as of midnight EST.
‘DreadBongO,’ addressing his 102.9K followers on X, says the impressive bullish reversal witnessed by Beam, which earlier dropped 25%, suggests it’s about to take out the previous 18 days of sideways price action. “This is what strength looks like,” he said.
These past two daily candles on $BEAM are wild $BEAM sold off with the market and dropped 25%
By the days end, $BEAM had not only regained the losses.. but it actually finished the day green and up nearly 10% 🔥
Next day sees a huge 20% green candle and on target to take out… pic.twitter.com/eeHlf0MIlw
— ＤＲＥＡＤ ＢＯＮＧＯ (@DreadBong0) January 4, 2024
Beam Price Prediction
However, looking at an analysis of BEAM/USDT charts, it’s not yet a green light for Beam as indicators suggest a looming bearish reversal. The Relative Strength Indicator is moving south as it crosses below 50. This suggests selling pressure on the token as the price looks to plunge in the short term.
The MACD indicator has also maintained movement in the red zone, showing building bear momentum.
Volatility levels on the Beam price are high, as shown by the Bollinger Bands, which are moving far apart. This can be attributed to increasing trading activities that saw BEAM’s trading volume jump by 40% in the last 24 hours.
1-hour BEAM/USDT chart | Source: TradingView
However, despite charts suggesting a correction in the short term, recent whale activity suggests a likely pump in the long term. Recently, one whale started to accumulate BEAM, buying $2.7m worth of $BEAM within a short period.
A lot of eyes on $BEAM @MeritCircle_IO recently, including this $ETH whale 👀
The multi-million-dollar wallet owner added tons of $BEAM recently, making it his/her third highest holding, right after $ETH and $PEPE!
Is $BEAM the next $SEI? RT if you agree 🚀 pic.twitter.com/5xiydUBCBQ— buidlbee: make it in web3 (@buidlbee) January 5, 2024
Meanwhile, as the Beam price likely heads towards a correction in the short term, Meme Kombat’s MK token, currently in presale, is emerging as an excellent alternative for investors seeking presales with explosive potential.
The presale has so far garnered over $6 million out of the target $6.5 million, showing great investor confidence in the project.
Beam Price Prediction: Should You Pick MK Over Beam?
Meme Kombat showcases an AI-driven gaming arena where renowned meme personalities, including Doge, Shiba Inu, and Pepe, partake in narrative-rich battles. Participants can utilize the MK token to engage in fights generated by an algorithm during the ongoing presale.
6 MILLION RAISED💰
This is a momentous occasion for the whole $MK community🌟
LFG! pic.twitter.com/vRqsbRAXkJ
— Meme Kombat (@Meme_Kombat) January 4, 2024
For those seeking enduring benefits, Meme Kombat offers participants the prospect of reaping substantial rewards with an impressive annual percentage return of 156%.
Meme Kombat emerges as a formidable contender in the meme currency market owing to its distinct gameplay, enticing buy-and-hold incentives, and the infectious appeal of viral meme culture.
The company’s prospects are bolstered by its leadership team, spearheaded by the seasoned crypto gaming expert Matt Whiteman. Investors and gamers alike appreciate the team’s innovative play-to-earn gaming model, deftly fusing entertainment with social responsibility.
Token Allocation Strategy
Demonstrating a commitment to long-term sustainability, Meme Kombat allocates half of the tokens for presales and reserves the remaining portion for ongoing network maintenance.
Meme Kombat aims to diversify user portfolios by blending cutting-edge technology with popular culture, delivering an engaging gaming experience. The game’s features and passive income prospects cater to both casual players and substantial liquidity providers.
Positioned to attract attention and investments, Meme Kombat seamlessly combines practical utility with the viral interests of social media. The growing excitement around the project is a testament to its potential.
With its avant-garde memes, AI-simulated action, and betting options, Meme Kombat leaves a lasting impression in the rapidly expanding gaming and web3 industries.
Industry analysts, including YouTuber Jacob Bury, anticipate a potential 10x surge upon Meme Kombat’s debut.
Those who missed the Beam price pump still have a chance to earn exponentials gains via the MK presale with each token now priced at just $0.279.
Visit Meme Kombat here and get started.
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