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Foom (FOOM) is primed for a recovery after encountering a setback at the all-time high supply zone.
FOOM is trading at $0.00000001553 as of 8:45 a.m. EST, marking a 9% decline over the past 24 hours. This dip can be attributed to a significant 82% decrease in its daily trading volume, which now stands at $1.19 million.
FOOM had a favorable start following its launch on August 15. Nonetheless, the price faced resistance at $0.00000009763, enabling the bears to initiate a correction that led the price down to the $0.0000002851 support zone. This correction resulted in a price consolidation that has persisted for several weeks.
The bullish sentiment, represented by green bullish candles, initially responded positively to the 50 Simple Moving Average (SMA). However, the resistance zone has proven robust, compelling the price to break below the 50 SMA.
Despite several efforts to raise the price, the bears exhibit persistence, with assistance from the 50 SMA. The Relative Strength Index (RSI) also aligns with this bearish trend, declining from 70 to 38, signifying substantial selling pressure.
FOOM Price Prediction: FOOM Price Signals Bullish Rally
FOOM is currently under a bearish trend but is finding support from the 50-day moving average. A breach below the support level at $0.00000002851 could result in losses for buyers compared to the initial launch price.
However, the bulls could utilize the support zone (representing demand) to drive the price upward, surpass the $0.00000009763 resistance level, and achieve new record highs.
The presale of Meme Kombat anticipates a notably larger surge, providing investors with a more lucrative opportunity through its features of staking to earn and playing to earn.
Stake your MK Tokens, Earn Passive Income
Meme Kombat, an innovative gaming platform designed for gaming enthusiasts, offers all users rewards, from active betting to passive staking.
During the presale of $MK tokens, each purchase automatically triggers the staking of tokens for the buying wallet, initiating the process of earning rewards through a competitive 112% annual percentage yield (APY).
The Meme Kombat staking page is expected to go live soon, during which time you will continue accumulating rewards.
Degen or gamer or both?
Everyone can engage in kombat⚔️
Watch the full video from @BuryCrypto below👇 pic.twitter.com/GyGi2TRTvi
— Meme Kombat (@Meme_Kombat) October 13, 2023
To be eligible to claim presale staking rewards, each staking wallet must actively restake all of its available tokens for at least one locking period. After the presale concludes, all users can re-stake their tokens and collect the staking rewards from the presale.
Here is the Roadmap for Meme Kombat(MK)
In September 2023, the project kicked off the Meme Kombat initiative with a token presale, offering 50% of the $MK tokens.
The presale has proven successful, having raised $588,732, surpassing more than half its $1 million target. The primary objective of the presale is to secure the required funds and garner community support for advancing platform development.
The next few months are going to be big for crypto. But they're also going to be huge for #MemeKombat ⚔️ pic.twitter.com/tYh2ycc4Fd
— Meme Kombat (@Meme_Kombat) October 17, 2023
The Meme Kombat platform will officially launch in either October or November 2023, depending on the completion of the presale. The launch will start Meme Kombat’s operations, granting users access to battles, staking, and other features.
Immediately after the platform launch, the first season of Meme Kombat will be inaugurated. Season 1 will feature battles, leaderboards, and more, establishing the foundation for ongoing gameplay, attracting users, and fostering community engagement.
Respect fren pic.twitter.com/B6W7ysBFEC
— Meme Kombat (@Meme_Kombat) October 18, 2023
In December 2023, the second season of Meme Kombat will be launched with enhanced features and experiences. Building on the first season’s success, Season 2 will introduce new battle types, rewards, and opportunities, further solidifying Meme Kombat’s presence in the blockchain gaming sector and demonstrating the project’s dedication to innovation and continual enhancement.
Inspector Mindblow, a prominent YouTube crypto influencer boasting 68.4k subscribers, enthusiastically highlights Meme Kombat as the most significant presale opportunity one could ever be a part of.
Additionally, he provides detailed guidance on purchasing $MK tokens and leveraging the staking program for potential benefits.
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