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The GMT price surged over 48% in the last 24 hours to trade at $0.198 as of 6:24 a.m. EST as investors go long on the altcoin.
This strong 24-hour performance was a continuation of the crypto’s positive weekly performance. As a result, GMT is up more than 51% over the past 7 days.
GMT Price Trying To Clear The $0.1972 Resistance Level
4-hour chart for GMT/USD (Source: GeckoTerminal)
The GMT price was able to break above the resistance level at $0.1972, and is now attempting to flip the barrier into support. Should the crypto close a 4-hour candle above this threshold within the next 12 hours, it might have the technical foundation needed to keep climbing. Traders could then decide to enter long positions for GMT, which could push it up to $0.2141.
Conversely, a rejection from the $0.1972 resistance in the coming 12 hours might bring an end to the crypto’s bullish move. In this more bearish scenario, the GMT price could end up testing the $0.1817 support level. A drop below this safety net might then lead to the GMT price falling to as low as $0.1655 in the short term.
Technicals Suggest The GMT Price Might Keep Rising
From a technical perspective, indicators on GMT’s 4-hour chart suggest the altcoin’s price might keep rising through the course of the next 24 hours. More specifically, Exponential Moving Averages and the RSI point to a continued increase in the GMT price.
In the last 24 hours, the 9 EMA crossed above the longer 20 EMA line. Traders often see this as an indication that an asset has entered a positive trend. With the growing gap between the two EMAs, it appears GMT’s bullish momentum shows no signs of slowing down just yet.
Meanwhile, RSI readings have spiked to the mid 70s to indicate strong buying power. Although an RSI reading above 70 usually signals that a crypto is overbought and is therefore seen as a sell signal, it is not unusual for RSI readings to remain high for sustained periods of time when a crypto is pumping. The positive slope of the RSI line suggests this may be the case now.
As GMT tries to keep its bullish momentum alive, investors are rushing to buy new meme coin Flockerz (FLOCK).
A Truly Community-Centric Meme Coin
Many projects in the Web3 space claim to be fully decentralized and focused on their community, but this more often than not turns out to not be the case. This is where Flockerz stands out.
At the heart of the project is an innovative vote-to-earn mechanism, which rewards token holders for participating in governance decisions. Each FLOCK holder has a say in the project’s future direction. By placing their votes, investors will receive additional FLOCK tokens.
This innovative model will likely keep community members engaged for the long run, which is something even non-meme coin projects struggle to get right. What’s more, each token holder having the ability to place votes in governance decisions makes Flockerz a truly community-driven project.
Not only can token holders grow their FLOCK bags by taking part in governance votes. There is also a lucrative staking opportunity on offer as well. Anyone who buys and stakes FLOCK now will gain access to a 345% staking APY.
With the series of bullish predictions made on FLOCK by several leading crypto experts, investors might want to grow their holdings in the new meme coin as soon as possible.
Among those that are bullish on FLOCK is an analyst from the 99Bitcoins YouTube channel. In a recent video for the channel’s over 706K subscribers, the analyst said FLOCK could soar 100X after launch.
Flockerz Offers Last Chance To Buy Before Launch
Flockerz has already raised more than $7.9 million through its ongoing presale, as investors bet big on the project’s future. This buying frenzy is likely to pick up steam as the project offers investors a last chance to buy before the token launches. There are just over 26 days left until the meme coin makes its market debut.
Come as you are, as you were, as you want the flock to be.
The flock welcomes anyone and everyone! 🐦💙🐦💙 pic.twitter.com/fYDBKu9RjR
— Flockerz (@FlockerzToken) December 26, 2024
Investors who want to position themselves before the launch can do so by acquiring FLOCK via the simple buy widget embedded on the project’s website. Selling for $0.00653, FLOCK can be bought with either crypto or bank card.
Once purchased, investors can also stake their FLOCK tokens for the 345% APY.
Purchase and stake FLOCK here for the 345% APY before the token’s launch.
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