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The Panda Swap price rose 40% in the last 24 hours to trade at $0.0094 as of 03:24 a.m. EST on trading volume that soared 727% to $3.9 million.
This comes as the token receives massive interest from the meme coin community, with meme coin mania picking up after the Bitcoin halving event. The community is also anticipating top-tier exchange listings, which will make PANDA available to a wider community.
Panda Swap Price To Continue Its Rally Above
April has seen Panda Swap drop to the support zone around $0.0064 at first, with the bulls trying to push the price to the resistance level at $0.0083. This threshold allowed the bears to take control of the price, with PANDA dropping further to the major support level around $0.0051.
The support paved the way for the bulls to retest the major resistance at $0.0083, forming a rounding bottom pattern. The bullish momentum is strong as PANDA has surpassed the resistance, soaring above the current price, as it aims to sustain this trend.
PANDA is also trading above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the continued bullish movement to the upside.
Additionally, the Relative Strength Index (RSI) on the 1-hour chart is trading within the overbought levels at 75, indicating that PANDA is currently overbought, and a signal of continued investor optimism.
The Moving Average Convergence Divergence (MACD) is also bullish, as the blue MACD line crosses over the signal line, representing a bullish crossover. A bullish crossover is an indication of the token’s potential to surge.
The green bars on the histogram also gracefully extend above the neutral line, showing that PANDA is on a positive trajectory.
Panda Swap Price Prediction
The Panda Swap price on the 1-hour chart analysis indicates that PANDA is currently on a bullish run, having breached the resistance of the rounding bottom pattern at $0.0083. With the RSI, MACD, and SMAs offering a positive sentiment for PANDA investors, the price could climb to highs above the next resistance at $0.01162.
Additionally, the 50-day SMA is crossing above the 200-day SMA, forming a golden cross at $0.0063. A golden cross is a signal of a looming, sustained bullish rally.
However, with the RSI crossing over to oversold levels, there could be a looming price correction. In such a scenario, PANDA could retrace back to the support around $0.0068, which coincides with the 50-day SMA.
As the Panda Swap price soars, investors are also buying Mega Dice, which launched its presale last week and has already raised more than $439k.
Mega Dice Raises Over $439K In New Crypto ICO
Mega Dice (DICE) has rapidly transformed into a globally recognized crypto casino brand with a substantial player base that exceeds 50,000 and $50 million in monthly bets.
With the platform being positioned as one of the top brands in the crypto casino space, Mega Dice is focused mainly on growth and enhancing player value, which is seen in its introduction of the DICE token.
Mega Dice leverages cryptocurrency and advanced technology to provide a smoother and more secure online casino experience. The project utilizes cutting-edge technology for account management and speedy transactions.
Coming as the first GameFi project on the Solana blockchain, Mega Dice aims to surpass the success of sector players like Rollbit, as well as earlier presales like TG.Casino, which surged 4X on launch.
The platform has over 4,000 games, including many sports and eSports betting options.
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Cryptonews, a prominent crypto channel on YouTube, believes that $DICE has the potential to soar 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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