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At 7:46 a.m. EST today, September 22, FINE’s price has fallen to $0.0000000000785, representing a loss of 21%. Also, its trading volume has dropped by approximately 58%, sitting at $24,880 in the last 24 hours.
Considering FINE’s diminishing volume since it joined the crypto market, speculation is rising that it could be a scam.
Additionally, given that the widely-known FINE token is built on the Ethereum blockchain, this coin’s existence on the BNB Smart Chain is raising eyebrows.
Elon Musk Wrote, “It’s fine” on the X Platform. Will it Boost FINE Adoption?
On September 17, 2023, the wealthiest and most influential global figure, Elon Musk, posted “It’s fine” on his timeline. This post has raised speculations as crypto enthusiasts and analysts are eager to know if he’s interested in the new Fine (FINE) coin.
Following Musk’s post, the project team behind the FINE coin released a photo tweet featuring Elon Musk in a fire-lit room with a cup in his hand.
#ElonMusk X $FINE 🔥🔥🔥 pic.twitter.com/XCfVNHGenm
— FINE (@FineBSC) September 17, 2023
Notably, the influence of Elon Musk on meme coins like FINE can be significant, as he has a history of moving cryptocurrency markets with his tweets and public statements. So, assuming his tweet is about FINE, it could attract more buyers and drive up the price.
Also, considering that many crypto enthusiasts are showing interest and potential support for the coin, it could gain traction. As a result, this would trigger a significant increase in FINE’s demand, potentially leading to increased token value.
FINE Shows Bullish On Its 1-Hour Chart – What Impact Can It Have?
Fine (FINE) is bullish in the hourly chart, hinting its potential to rally in the next few hours. It’s forming a green candle stick a few pips above the lower Bollinger band. This shows the coin’s attempt to drift from the oversold market condition.
Also, the Relative Strength Index (RSI) is flat at 100, showing that the market trend reached the overbought zone (above 70) in the past hours. The RSI’s position is critical because any significant selling activity can push it down to the neutral zone or the oversold region (below 30).
Considering that the coin’s overall market trend is bearish, according to data from Coinmarketcap, FINE’s RSI may plummet in the coming days.
FINE’s Price Near Critical Support Level Suggests a Rebound
FINE has fallen near its critical support level of $0.00000000007753. At this point, investors and traders seeking to buy the coin at cheap rates can enter the market, triggering a price rebound.
If that happens, FINE could complete its trade today with a consecutive green candle stick formation on the chart. However, if the sellers persist, more price dips may occur as it falls further below the critical support level.
On the other hand, the coin’s resistance level of $0.00000000008094 shows how far FINE could go if it rallies before facing any potential selling pressure.
So, if the rebound triggers a price rally for the coin, it could likely touch $0.00000000008 before approaching the resistance.
Meanwhile, considering the market situation, traders and investors should implement strategic trade setups and a comprehensive technical analysis to help make informed decisions.
But while FINE price moves remain uncertain, profit-taking investors could consider gathering a new and cheap coin on presale BTCBSC to reposition for more gains when it launches on exchanges for trading.
Bitcoin BSC Hits $4.3 Million in Presale – Next Milestone Ahead
Bitcoin BSC has raised over $4.3 million in its presale round. The project is selling at a very cheap price, allowing investors to amass large quantities of tokens.
Most importantly, the project offers a verified staking contract where users who stake $BTCBSC tokens can earn some rewards through the proof-of-stake consensus mechanism.
The greater the $BTCBSC tokens you stake, the larger your share of the rewards becomes. Users can simultaneously benefit from passive $BTCBSC rewards and the appreciating value of $BTCBSC by participating in staking.
Bitcoin BSC is constructed on the Binance Smart Chain as a BEP-20 token. This enables it to utilize the same codebase as Ethereum, granting it access to the blockchain’s security and technological advantages.
Bitcoin BSC’s presale offers 6.125 million $BTCBSC tokens, which account for 29% of the total supply.
These tokens are priced at $0.99, with the presale divided into two phases. The first phase aims to sell $4 million worth of tokens, and the next phase is 2.125 million $BTCBSC tokens.
For those interested in buying $BTCBSC before it sells out, connect your crypto wallet to the presale widget and swap your USDT or BNB for $BTCBSC.
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