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The Gigacat price dropped 48% in the last 24 hours to trade at $0.0004531 as of 00:47 a.m. EST on trading volume that rose to $944K.
Gigacat Price Gears Up For A Rebound
After an uptrend to the $0.00128 resistance level, the Gigacat price has been on a downtrend. GCAT now trades within a falling channel pattern, according to data from GeckoTerminal.
The $0.000410 support now acts as a cushion against downward pressure, which the bulls aim to be capitalizing to propel the price over the upper boundary of the channel.
Meanwhile, the Relative Strength Index (RSI) is also rebounding from the 30-oversold level to currently soar towards the 50-midline level, as the buying pressure increases.
Moreover, the Moving Average Convergence Divergence (MACD) also supports the bullish prospects, as it soars towards the neutral line. The blue MACD line recently crossed above the orange signal line as well, creating a bullish crossover.
With the bulls exerting more pressure, the price of Gigacat is gearing up towards a bullish trend reversal above the falling channel, with the bulls now targeting $0.0010.
However, the Gigacat price now trades below both the 50 and 200 Simple Moving Averages (SMAs) on the 15-minute chart, which could suggest that GCAT is still in a bearish trend. If this scenario continues, the price of Gigacat could plunge further to $0.00020.
As the Gigacat bulls aim to stage a rebound, other investors are buying a new meme coin Crypto All-Stars (STARS), which has already garnered over $855K in its ongoing presale.
According to Jacob Bury, a prominent crypto YouTuber, STARS has the potential to soar 10X after its launch.
The Crypto All-Stars Presale Amasses Over $855K – Next Meme Coin To Explode?
Do you want to stake DOGE, SHIB, or FLOKI in the easiest way possible all in one platform? Crypto All-Stars, a new crypto initiative makes this possible. The project has launched a platform that seeks to bring together diverse meme coins.
Through its unique MemeVault protocol, users can stake their preferred meme tokens on the platform and earn rewards in STARS, the platform’s native token.
A brand-new player in the meme coin space, Crypto All-Stars just launched within the past 24 hours, and it’s already making waves! 🌊
Here’s why you should pay attention. 🧵👇
— web3telepath (@web3telepath) August 15, 2024
Meme coins currently available on Crypto All-Stars includes Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin. More meme coins will be added in the near future.
You can also buy and stake STARS for an annual percentage yield (APY) of 1,674%.
STARS tokens are currently selling for $0.0014135 each. However, with a price increase coming in about two days, you should act fast to get the meme coin at the best possible price.
Purchase STARS from its official website here using BNB, USDT, or a bank card.
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