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The Strategic Bitcoin Reserve price surged 45% in the last 24 hours to trade at $2.68 as of 02:49 a.m. EST, with trading volume skyrocketing 43% to $11 million.
This follows Senator Cynthia Lummis expressing confidence that a strategic Bitcoin reserve could be possible within DonaldTrump’s first 100 days in office.
“With bipartisan support and the backing of the people, we can get this done in the first 100 days,” she said. ”It’s a game changer for our nation’s financial stability. Let’s put America on solid financial footing and pass the Bitcoin Act!”
Strategic Bitcoin Reserve Price Could Continue Soaring
According to GeckoTerminal data, the Strategic Bitcoin Reserve price has shown strong upward momentum recently, reaching a peak close to $3.00 before pulling back to around $2.68.
The Relative Strength Index (RSI) is above 70, currently at 77, which places it in overbought territory. Typically, when the RSI is this high, it indicates that the asset is overextended and may be due for a correction or consolidation. However, in a strong uptrend, RSI can remain overbought for extended periods.
The Moving Average Convergence Divergence (MACD) is in positive territory, with the MACD line above the signal line, which confirms the bullish momentum. The histogram is also showing green bars, indicating increasing buying pressure.
If the bulls capitalize on the general bullish trend, the price of Strategic Bitcoin Reserve could soar even higher as the bulls aim for the next possible resistance at $3.5.
However, the high RSI level reinforces the potential for a short-term pullback, especially given the recent price peak. In this scenario, the $1.0 could still act as a formidable support level.
Meanwhile, investors who are looking for diversification opportunities might consider the newly launched Best Wallet (BEST) presale.
🔥 The $BEST token presale is officially live! 🔥
For the next two weeks, this exclusive opportunity is only available to Best Wallet users, so take advantage while you can!
Join the presale now and secure your tokens at a discounted price. 🚀
Download the app! 📲… pic.twitter.com/VItxcDHAoE
— Best Wallet (@BestWalletHQ) November 11, 2024
Best Wallet Presale Amasses Over $215K In Just One Day After Launch
Best Wallet ($BEST) is a new Web3 crypto wallet that combines advanced features with a user-friendly design, aiming to become a leader in the next generation of crypto wallets.
Its native token, $BEST, has gained significant interest among investors, demonstrated by the rapid sell-out of the first stage of its private sale, which raised $162,000 within six hours.
With just one day after its presale launch, the token has now amassed over $215K in funds raised, as it hurtles towards its current presale stage target of $306K.
No more missing out on early-stage #crypto projects! 💸
With Best Wallet’s Upcoming Tokens feature, you can easily browse, learn, and buy presale tokens directly from the app!
Download now! 👉 https://t.co/he5kzra7TY pic.twitter.com/ZcNZ1b6Up1
— Best Wallet (@BestWalletHQ) October 26, 2024
The wallet offers a unique presale approach, allowing users to buy $BEST tokens exclusively through the app itself.
The native token, $BEST, powers the Best Wallet ecosystem, providing reduced transaction fees, exclusive early access to the hottest new presale, and gamifies wallet engagement through the $BEST airdrop. As a result, $BEST is positioning itself to become the leading wallet token in the decentralized market.
Did you know? You can earn $BEST tokens by completing daily airdrop quests! 💸💸💸
The more points you stack, the more $BEST you will receive! Get access to exclusive features and reduced fees when the token launches. 🔥
Remember, daily quests reset everyday at midnight. Don't… pic.twitter.com/APEuMjfNZZ
— Best Wallet (@BestWalletHQ) November 9, 2024
Investors can currently purchase $BEST for $0.02255. The price will increase in about 42 hours and continue rising as the presale progresses.
To join the presale, users must first download Best Wallet from Google Play or the Apple App Store, then tap on the Upcoming Tokens section to purchase $BEST tokens.
To join the presale before a price increase in less than two days, download Best Wallet at the official $BEST Token website here.
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