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The Gigachad price soared 10% in the last 24 hours to trade at $0.05078 as of 00:53 a.m. EST on trading volume that plunged 17% to $9.3 million.
Gigachad Price Aims For A Breakout
The Gigachad price is in an uptrend, as evidenced by the higher highs and lower lows seen throughout September and October.
According to data from GeckoTerminal, the price of Gigachad is consolidating near the recent highs, with the bulls struggling to push the GIGA above the $0.0510 resistance. The recent price movements have formed a potential ascending triangle pattern.
The Gigachad price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish sentiments.
Moreover, the Relative Strength Index (RSI) is at 60.56, which is in the neutral to bullish zone. It’s not overbought (above 70) nor oversold (below 30), but it’s leaning towards the bullish side. This suggests that there’s still room for upward movement before reaching overbought conditions.
The Moving Average Convergence Divergence (MACD) line (blue) is slightly above the signal line (orange), and both are above the zero line. This configuration shows bullish momentum. The histogram shows small positive bars, indicating that the MACD’s bullish crossover is relatively recent, but the momentum isn’t very strong. This could imply a potential move upward if the momentum builds further.
Gigachad Price Prediction
According to the GIGA/USD chart analysis on the 4-hour timeframe, the Gigachad price is currently on a bullish rally, in which the bulls aim to push over the ascending triangle.
The price is currently testing resistance around 0.0510 (highlighted by the horizontal blue line). This level has acted as resistance several times in the past few days, and a breakout above it could lead to further gains.
If the bulls succeed in pushing the price up, GIGA could soar even higher, as the bulls target $0.065.
Meanwhile, the RSI is soaring higher towards the 70-overbought region, which shows a looming price correction. In such a scenario, the price of Gigachad could plunge back to the $0.028 support (200-day SMA).
As the GIGA price soars, other investors are also buying the new meme token Crypto All-Stars (STARS), which has already amassed over $2.2 million in presale.
ClayBro, a prominent crypto analyst with over 130K subscribers, says STARS has the potential to soar 26X after its launch.
Crypto All-Stars Presale Closes On $3 Million
Crypto All-Stars is an innovative new project that allows investors to stake multiple top meme coins on one platform via its breakthrough MemeVault protocol.
Why Is Everyone Excited?
In its initial presale phase, Crypto All-Stars raised over $350k! 💰
This early success shows that investors see BIG potential here. 🚀
Could this be the next $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk can all be staked on the platform, and more meme coins will be added in the coming months. Holders earn staking rewards in the native $STARS token.
You can also earn passively by staking STARS, which offers a huge 652% annual percentage yield (APY).
You can buy the token now for $0.0015007. The price will increase in about 2 days, so act fast to lock in the best deal.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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