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The RabBitcoin price surged over 18% in the last 24 hours to trade at $0.000004493 as of 7:59 a.m. EST as investors rush to buy the altcoin.
Following the recent gain, the RBTC price has also managed to flip its weekly performance out of the red zone. As a result, the crypto’s price is up more than 17% over the past 7 days.
The RabBitcoin Price Plunges Below 2 Major Price Points
4-hour chart for RBTC/USDT (Source: TradingView)
The RabBitcoin price dropped below the $0.000005400 and $0.000004863 price points in the last 8 hours after managing to surge to an intraday high of $0.000006598. Now the crypto stands the risk of losing the support of the technical safety net at $0.000004137. Falling below this mark could then lead to RBTC plunging to as low as $0.000003672 in the short term.
Bulls could still prevent an even bigger drop in the coming 12 hours if traders identify the altcoin’s current price as a buy opportunity. In this alternative scenario, the RabBitcoin price might reclaim the support of the $0.000004863 mark.
A 4-hour candle close higher than $0.000004863 within the next 12 hours could then give RBTC the foundation needed to break above $0.000005400 and potentially rise to $0.000005880.
Technicals Suggest The RabBitcoin Price Might Drop In The Next Trading Day
From a technical standpoint, indicators on RBTC’s 4-hour chart warn that the RabBitcoin price might drop through the course of the next trading day. Buyers seem to have lost a lot of strength in the last couple of hours, as suggested by the sharp decline in Relative Strength Index (RSI) values.
With the RSI collapsing towards its Simple Moving Average, a bearish cross between these two lines might happen soon, which could be seen as a sign that sellers have taken control of the RabBitcoin price.
Along with the drop in buyer strength, RBTC’s bullish momentum is cooling down as well, as evident by a narrowing gap between the Moving Average Convergence Divergence (MACD) line and MACD Signal line. Currently, the prior is still bullishly positioned above the latter. However, the shrinking margin warns that the RabBitcoin price might soon enter a negative trend.
If the bearish signs presented by the MACD and RSI indicators on the 4-hour chart are validated, the RabBitcoin price might fall below the $0.000004137 support soon.
While technicals flash bearish for RBTC, investors might turn instead to a new meme coin casino crypto by the name of Memebet Token (MEMEBET).
Popular YouTuber ClayBro has told his 130K subscribers that MEMEBET Token could see massive returns once the project launches, and even lead crypto gaming.
Meme Coin Traders Can Now Wager Their Bags While Waiting For Next Supercycle
Meme coins have been the best performers in the crypto space this year, but analysts and experts are anticipating an upcoming super cycle for tokens in this light hearted portion of the digital asset market.
With Memebet Token (MEMEBET), true degen investors can now for the first time use top meme coins to wager.
This gives meme coin investors the opportunity to potentially grow their holdings in a fun and exhilarating way, which could be beneficial when the anticipated super cycle happens.
Some of the tokens that can be directly wagered on the platform include the frog-themed Pepe (PEPE) and the meme coin OG Dogecoin (DOGE). In addition to the chance to win big, there are also exclusive holder benefits and a play-to-earn airdrop that MEMEBET Token investors can unlock access to.
By simply wagering on the Memebet Token casino platform, players can accumulate points and grow their claim to the project’s soon-to-launch airdrop. For those that don’t want to place bets or gamble just yet, there are exclusive bonuses and additional challenges available for MEMEBET Token holders.
Investors Rush To Buy MEMEBET At Presale Prices
Memebet Token has already raised over $540K through its ongoing ICO, signaling strong investor confidence in the project’s future. There’s still time for investors to get in on the ground stage of the young meme coin before the upcoming meme coin super cycle takes off.
Selling for $0.0262, MEMEBET can be bought with either ETH, USDT, BNB, POLY or bank cards via the simple buy widget embedded on the project’s website.
Potential buyers will want to act fast because the token’s price is set to increase as its presale progresses. The next price hike will happen in less than 18 hours.
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