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The Gaimin price rose 2% in the last 24 hours to trade at $0.006540 as of 00:05 a.m. EST on trading volume that dropped 3% to $1.4 million.
This comes after the token slumped 65% in the last month. It launched a little more than a month ago and airdropped its early users.
Gaimin Price Set To Rally Above The Bullish Pennant
After its launch, the Gaimin price surged to an all-time high (ATH) of $0.03291. This level acted as the resistance the bulls needed to overcome to propel the price even higher.
The bulls have not been able to reclaim this high, as the price took a downturn, recording an 80% decrease from this level. GMRX bulls found support around the $0.0061 level, which allowed them to push the price higher to the resistance around $0.00642.
However, the bears pushed the price down again to the $0.0061 support, forming a double-bottom pattern.
The double bottom pattern forms bullish sentiments, paving the way for the markup phase to the $0.00668 resistance. With the bulls retesting this resistance, the price fluctuates within the bullish pennant pattern.
GMRX trades above the 200-day Simple Moving Average (SMA), a confirmation of the bullish stance to rally the price. If the bulls can sustain the momentum for long, GMRX could overcome the 50-day SMA hurdle at $0.006545.
The Average Directional Index (ADX) is trading at 42, which shows that GMRX is currently on a very strong bullish trend.
Additionally, the Relative Strength Index (RSI) trades downwards towards the 30-oversold region, currently at 42, which coincides with the price retrace from the $0.00668 resistance to the current price.
Gaimin Price Prediction
The Gaimin Price analysis shows a bullish bias. The bulls are set to capitalize on the double-bottom pattern and the bullish pennant to push the GMRX price further above. The ADX and the golden cross forming around $0.00654 provide a bullish outlook, with the target set at $0.0069.
However, if the sellers exert more pressure to drive the RSI further down, below the 30-oversold level, the bulls may retreat to the next support level around $0.006279.
As the Gaimin price recovers, investors are also buying Mega Dice, a project currently in presale that has already amassed over $672K in funds raised.
Mega Dice Blasts Past $672K In Crypto Presale
Mega Dice (DICE) is a Solana-based online casino that rewards players with crypto. The platform allows users to play games, bet on sports, and earn rewards using their native token, $DICE.
The Mega Dice platform has been a sensation since its launch in 2023 and is still one of the most popular crypto-oriented online casino and betting platforms. With the launch of the new crypto ICO, the project is set to extend its offerings.
The project is the first GameFi project on the Solana blockchain, and its aim is to challenge the casino sector titan Rollbit Coin.
The #1 GameFi token has arrived on #SOL 🚀
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— Mega Dice Casino (@megadice) April 30, 2024
The platform already has a user base exceeding 50,000 and 10,000 active players, who wager about $50 million every month.
🎰 🎰 #GameOfTheWeek: #BigBassDayAtTheRaces by @PragmaticPlay 👑
Join everyone's favorite fisherman as he trades his rod for the racetrack 🏇Play now and ride your way to big wins at Mega Dice Casino 😎
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— Mega Dice Casino (@megadice) April 29, 2024
You can also earn through the platform’s staking option, with the team setting aside 10% of its total 420 million token supply as rewards.
99Bitcoins, a prominent crypto channel on YouTube, believes that 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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