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The Crow With Knife price soared more than 46% in the past 24 hours to trade at $0.0000001376 as of 7:50 a.m. EST as investors rush to buy the altcoin.
This latest surge pushed the crypto’s weekly performance even deeper into the green zone. As a result, CAW is up an astonishing 775% over the last 7 days.
The Crow With Knife Price Resting On A Crucial Level
4-hour chart for CAW/USD (Source: TradingView)
The Crow With Knife price is resting on the lower boundary of a medium-term ascending price channel that formed on its charts over the last few days. It is also resting on the key support at $0.0000001263.
Closing a 4-hour candle below this major level will not only put the altcoin at risk of exiting its positive trend, it might also lead to CAW falling to $0.00000008962 in the following 24 hours.
Continued sell pressure should the Crow With Knife price fall to $0.00000008962 might then result in the altcoin plummeting to as low as $0.00000005094 in the short term.
On the other hand, CAW closing the next two 4-hour candles above $0.0000001263 might invalidate the bearish thesis. In this alternative scenario, the Crow With Knife price could have the foundation needed to keep trading within the aforementioned price channel.
Traders might then push the crypto’s price to the $0.0000001660 resistance level to potentially flip the barrier into support.
The Crow With Knife Price Might Undergo A Correction Soon
Technical indicators on CAW’s 4-hour chart warn the altcoin’s price could drop in the coming 24 hours. A major bearish flag is on the verge of being triggered by the Moving Average Convergence Divergence (MACD) indicator on the 4-hour chart.
With the MACD line collapsing above the MACD Signal line, it seems CAW’s positive trend might be coming to an end. If these two lines cross, it could indicate that the Crow With Knife crypto price has entered a new negative cycle.
Buyers still have a fair amount of strength against sellers, as indicated by the Relative Strength Index (RSI) on the 4-hour chart. However, the indicator’s values have been on a gradual decrease over the past 24 hours. This could be a sign of diminishing buying power.
With CAW’s positive trend potentially coming to an end, investors are turning their attention to the online gaming platform Mega Dice and its recently-launched DICE token.
A New Era For Decentralized Entertainment
Mega Dice is a rapidly growing crypto casino that boasts over 50k players across the globe. With a continuous stream of new players joining the platform on a monthly basis, the platform’s team are now looking to maintain Mega Dice’s appeal with the launch of their own crypto token.
Investors have been flocking to acquire DICE during its current presale phase, with more than $667k sent to DICE’s ICO.
This investor frenzy around Mega Dice could be due to the project’s feature-packed benefits and aggressive airdrop initiatives. There’s a $2.25 million airdrop that will be distributed over three “Seasons.”
During the first season, players who reach $5,000 in wagers within 21 days will be able to claim a portion of a $750,000 pool. An additional $1.5 million will be made available to players who keep betting on the platform in the second and third seasons.
Michael Wrubel recently shared his opinion on this new project, and highlighted its comprehensive approach to gaming for investors.
Offering Investors More Than A Speculative Opportunity
Mega Dice also offers investors and players a variety of rewards. These include daily rewards to holders that are based on the casino’s performance.
The #1 GameFi token has arrived on #SOL 🚀
Join the $DICE presale and be part of the next gem gaming token – $600K already raised! 🚀
Presale link: https://t.co/E5WFsXQhfQ 🏆
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— Mega Dice Casino (@megadice) April 30, 2024
Limited edition NFTs that grant players special privileges and additional rewards will also be sent to randomly selected users on the platform. Anyone who buys into DICE during its current ICO phase will stand the chance to receive early bird bonuses as well.
Purchase DICE on the official website here.
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