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Fine price is down 8% in the last 24 hours and 4000% since its launch on the Uniswap decentralized exchange on Sept. 7. At the time of writing, FINE is trading at $0.00000001186 with a market capitalization of $5.08 million, with $431,930 in liquidity.
It is among the trending articles on DEXTools at the moment.
The 24-hour trading volume was $1.19 million, according to data from CoinMarketCap.
On Sept. 7, the team behind Fine, a meme coin, launched the $FINE to leverage the ongoing market lull to solidify its presence. Highlighting that “this is fine” on the X social media platform, the project advertises itself as the go-to place for the entire industry to rally behind.
“With all the uncertainty about market conditions, regulations, and political events,” FINE commits to taking investors from the depths of the bear market, with promise even for the skeptics that “EVERYTHING IS FINE.”
the “this is fine” meme is one this entire space can rally behind. with all the uncertainty about market conditions, regulations & political events. at the depths of the bear market, we keep the attitude that EVERYTHING IS FINE.
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 pic.twitter.com/76SFNhb1r4
— $FINE (@thisisfinerc) September 11, 2023
On Friday, BitGet, a leading crypto derivatives and trading platform, announced that it was listing the FINE token.
🔥 The hype for $FINE is ramping up on #Bitget! @thisisfinerc
🚀 Trade $FINE now: https://t.co/HnORFDjl25
— Bitget (@bitgetglobal) September 22, 2023
Earlier, the token had secured a listing on the MEXC exchange, further solidifying its popularity.
🚨#MEXC new listings alert!
📈 $FINE/USDT will list in the Innovation Zone at 09:00 on Sep 13 (UTC).
🔹Deposit: Opened
🔹Withdrawal: Sep 14, 09:00 (UTC)Details: https://t.co/vHC30H6D7r pic.twitter.com/N0n6qN4rXK
— MEXC (@MEXC_Official) September 13, 2023
With a liquidity pool of over $442,000, FINE boasts a decent reserve of tokens, though DEXTtools cannot track any liquidity of supply locked in smart contracts. Such a stash enables traders to swap tokens for other currencies or fiat currencies easily.
A project with a sound liquidity pool makes trading more straightforward, faster, and convenient. Such a project commands confidence amongst investors, which is, in turn, favorable for its price growth.
FINE Stares Into An Abyss As Losses To $0.0000000060 Loom
The Fine price action painted a descending triangle chart pattern on the daily timeframe, as shown below. The triangle’s hypotenuse, suppressing the price since Sept. 21, was acting as immediate resistance with the 50-day Simple Moving Average (SMA). The equal lows around $0.00000001186 defined the triangle’s horizontal line and supported the new altcoin.
Therefore, a daily candlestick close below the x-axis at $0.00000001186 would trigger massive orders. The ensuing selling pressure could push FINE first toward $0.00000001179 and later to the pessimistic target of the governing chart pattern around $0.0000000060. This would represent a 49% decline from the current price.
FINE/USD Two-hour Chart
Apart from the governing chart pattern, this gloomy outlook was supported by the downward-facing Simple Moving Averages (SMAs). Also, note that these SMAs were moving above the price, representing areas of massive resistance. These were areas defined by the 20-two-hour SMA, the 50 SMA, and the 100-period SMA at $0.00000001288, $0.0000000166, and $0.00000002641, respectively.
In addition, the Relative Strength Index (RSI) was facing downwards. The price strength at 38, close to the oversold region, suggested that bears controlled the price. This meant that the path with the least resistance was downward.
Things could favor the buyers if the FINE price turns up from the current levels to produce a two-hour candlestick close above the 50 SMA. This would confirm a bullish breakout from the governing chart pattern to tag the $0.0000000155 psychological level. This would mark a 22% uptick from the current levels, where FINE’s upside could be capped in the short term.
FINE Alternatives
Meme Kombat is a new stake-to-earn (S2E) gaming token that has just launched its presale in what is shaping up to be one of the year’s most exciting releases. This revolutionary blockchain-powered gambling project seamlessly blends the memetic love of nostalgic gaming and GambleFi into a decentralized Web3 platform.
$MK, an Ethereum-based crypto, is the native token of the Meme Kombat project. Its presale was launched on Friday, Sept. 22. The team behind $MK has already raised close to $60,000 within three days, showing initial solid investor interest.
The $MK presale is officially live!
🚶Go to our site
🤝Join our Telegram
🫶Turn on notificationsIt's time to prepare for Kombat 🥷 pic.twitter.com/SrrnD6kwjm
— Meme Kombat (@Meme_Kombat) September 21, 2023
You can now buy Meme Kombat ($MK) for $1.667 and start staking and earning immediately. The $MK token presale has a hard cap of $10 million. It has a total supply of 12 million $MK, 50% of which is allocated for the presale.
To buy Meme Kombat, visit the project website here, connect your wallet and fund it with USDT or Ethereum, and get some $MK tokens. You can also buy the token on the BNB Smart Chain.
It has a roadmap outlining its plans to increase utility further and offers an annual percentage yield (APY) on staking of 112%.
With the GambleFi industry booming following coins like Rollbit, Meme Kombat seems poised to tap into this lucrative market with its innovative approach.
The platform is presenting something fresh to the crypto community by merging memes, gaming, and blockchain.
For those looking to diversify their portfolio with a unique offering, Meme Kombat seems like an opportunity too good to miss – so don’t be left behind. Embrace the future of meme-based gaming and betting with Meme Kombat.
Visit Meme Kombat here for more information about the project and how to participate in the presale.
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