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Investors are keenly awaiting a price breakout for FLEX as it shows signs of a revival following a dip below the lower boundary of its rising wedge, signaling potential buying opportunities.
As of 9:48 a.m. EST, the token currently trades at $0.481756, reflecting a 3% drop in the past 24 hours, prompting more buyers to enter the market.
FLEX Price Signals a 50% Jump, Trades a Falling Wedge
The chart shows a rising channel pattern from the price support level at $0.63. This pattern exhibits a higher and lower high, indicating a gradual upward movement within the wedge.
However, the push beyond the lower trendline, backed by the $3.06 price level, supports the potential breakout.
According to the analysis above, FLEX has experienced a surge. Furthermore, the breach of the $3.56 resistance level suggests a potential shift in market sentiment.
The bulls have encountered resistance at $8.5, allowing the bears to take control of the price, driving it to its initial price of $0.35.
The moving average indicators further bolster the bearish sentiment, as the price remains below the 50-day and 200-day simple moving averages. Currently trading at $1.31, the 50-day EMA provides added support.
The relative strength index (14) is 28, positioning itself just below the oversold region (30). This suggests that there is room for the price to rebound.
However, experts are watching Meme Kombat (MK), which has been surging remarkably in its presale phase, offering an exciting opportunity for high returns through its play-to-earn feature.
Meme Kombat (MK) Crosses $400K
Meme Kombat (MK), one of the most highly anticipated new gaming platforms in the Web3 space, recently launched on September 25th and swiftly garnered the interest of the meme coin community.
The Meme Kombat presale has already secured over $400K in funds in just a few days since its launch to reach $431,847. Users can acquire Meme Kombat’s innovative native token, $MK, at a discounted price of only $1.667, giving the protocol a modest $20 million market capitalization.
What else you going to do when market is bad. Let off some steam in the arena 😈#MemeKombat pic.twitter.com/3zUIe7opya
— Meme Kombat (@Meme_Kombat) October 10, 2023
Meme Kombat aims to deliver a unique and thrilling gaming experience by harnessing cutting-edge technology and the decentralized capabilities of the Ethereum network.
As excitement surrounds the high upside potential of $MK, rapid progress is anticipated toward the project’s $10 million funding target.
Meme Kombat’s Innovative Approach
This target involves selling 50% of the token’s total supply, with 30% allocated for rewarding $MK stakers and battle participants, 10% designated for Decentralized Exchange (DEX) liquidity, and another 10% for community rewards.
Meme Kombat represents an innovative blend of blockchain technology, AI-driven mechanics, and a gaming approach centered around the community.
Meme Kombat is building an AI-powered game that allows users to place bets on battles between characters representing well-known meme coins.
This platform offers a range of options, including direct betting, player vs. player (PvP), and player vs. game (PvG), ensuring flexibility for players to wager according to their preferences.
Who else is getting excited for Season 1 of #MemeKombat. pic.twitter.com/Nott2HclvK
— Meme Kombat (@Meme_Kombat) October 9, 2023
With the system operating on blockchain technology, users can have confidence in the transparency it provides.
Unlike many other meme coins, $MK serves a genuine purpose by fueling Meme Kombat’s innovative platform, which bridges the worlds of blockchain-powered GameFi and GambleFi.
These are two of the crypto sector’s fastest-growing niches.
The Crypto YouTube channel LecksMoney Crypto has conducted a review of the new gaming platform Meme Kombat and its native coin $MK, highlighting it as one of the top crypto presales to purchase at this time.
Presently, $MK stakers can enjoy an impressive annual percentage yield (APY) exceeding 110%, as stated on the project’s official website.
Given its strong presale, Meme Kombat seems well-prepared for possible listings on major exchanges later this year. You can participate in the $MK presale at the Meme Kombat official website.
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