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The Buy the DIP price dropped 29% in the last 24 hours to trade at $0.00206 as of 04:48 p.m. EST on trading volume that rose 3% to $12.3 million.
This comes as buyers refuse to buy Buy the DIP amid a significant dip for Bitcoin and the broader market.
That despite the fact that the DIP team says that whenever the monthly BTC price trend is down, it will burn the same percentage of tokens as the decrease, up to 10%. If it is positive, it also will burn the same percentage increase, up to 5%
Buy the DIP Price Set To Surge Over The Bullish Pennant
The Buy the DIP price has been in a consolidation phase, trading within the $0.0010 range in the last week. In the last 48 hours, DIP went on through a steady rise, gaining momentum yesterday as the bulls won the struggle to push the price to an all-time high of $0.00336.
However, the bulls have not been able to reclaim this resistance level, with the price dropping in the last 24 hours. The $0.001830 level has provided the support that the bulls need to push the price over, staging a trend reversal over the bullish pennant.
DIP trades above the 50-day Simple Moving Average (SMA), which is a confirmation of the bullish rally in the coming weeks.
Moreover, the readings on the Relative Strength Index (RSI) indicate that there is a rising buying frenzy, as the RSI trades over the 50-midline level at 51. If the bulls sustain the breakout above, the RSI could go to the 70-overbought region, which is an indication of intense buying pressure and continuous optimism from the investors.
The Average Directional Index (ADX) also trends above level 20 at 24, which shows that DIP is currently in a very strong bullish trend.
Buy the Dip Price Prediction
The Buy the DIP price analysis indicates that DIP is on a slight retrace, with signs of a looming trend reversal over the bullish pennant pattern. The major indicators, including the RSI and the ADX, encourage optimistic investors to further push the price to the upside as they target $0.0038.
However, if the bears sustain the downward pressure, DIP could retreat to the next support zone around $0.0015, which acts as a cushion against downward pressure.
As the Buy the DIP price bulls gear up for a possible trend reversal, other investors are buying into the Mega Dice presale.
Mega Dice Presale Hurtles Past $660K – The Next Promising Alternative?
The popular crypto casino Mega Dice (DICE) has recently introduced the $DICE token through its ongoing presale, which has already amassed over $660K.
The project utilizes cryptocurrency and advanced technology as a means of providing a smoother and more secure online casino experience. Mega Dice also integrates cryptocurrencies for faster transactions and lower fees.
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Join the $DICE presale and be part of the next gem gaming token – $600K already raised! 🚀
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— Mega Dice Casino (@megadice) April 30, 2024
As the first casino project on the Solana blockchain, Mega Dice aims to provide the ultimate casino token experience, aiming to surpass the success seen by players like sector titan Rollbit Coin.
The platform already has a user base exceeding 50,000 and 10,000 active players, along with monthly wagers totaling $50 million.
Step into the cosmic realm of #CashGalaxy our exhilarating #CrashGame! 🌌
1️⃣ Place your bet
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4️⃣ Celebrate your WINS!Join the intergalactic excitement at Mega Dice Casino and reach for the stars! ✨
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— Mega Dice Casino (@megadice) April 26, 2024
Mega Dice has also set aside 10% of its total 420 million token supply as rewards for people who stake their tokens.
According to 99Bitcoins, a prominent crypto channel on YouTube, Mega Dice has the potential to surge 100X after launch.
If you’d like to join the presale, you can buy $DICE on the official website here for $0.069 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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