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The TROY price surged 78% in the last 24 hours to trade at $0.00447 as of 03:20 a.m. EST on trading volume that skyrocketed 236% to $220 million.
TROY’s surge followed listings on several exchanges in the past week or so, with the latest being BingX.
Unlock the secrets of Troy – no wooden horse needed! 🐴$TROY gets listed on #BingX Futures 🎠 @TROY_DAO
👉🏻 Trade Now:
Perpetual Futures: https://t.co/FnfWO5h9j5
Standard Futures: https://t.co/krfkyqgenk pic.twitter.com/KK0nLILzby— BingX (@BingXOfficial) November 1, 2024
TROY Price Aims For A Continued Surge
According to the TROY/USD chart analysis on the 8-hour timeframe, the TROY price has been on a decline since April. However, the $0.001195 support in October allowed the price of TROY to surge, with the recent price movements forming a cup and handle pattern, according to data from GeckoTerminal.
TROY price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs). The 50-day SMA has since crossed above the 200-day SMA, which has formed a golden cross at $0.001804, an indication that the price is still set for a bullish rally.
Moreover, the Relative Strength Index (RSI) has now crossed above the 70-overbought region, a signal that the asset is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) also supports the bullish rally, as the blue MACD line crosses above the orange signal line, representing a bullish crossover.
If the current bullish momentum continues, the price of TROY could soar even higher, as the bulls target the projected 47% surge to $0.00657.
However, the RSI shows that the TROY is now overextended and overvalued. This may be a selling signal for the bulls, in which the price of TROY may plunge back to the 50-day SMA at $0.002251, acting as the next possible support level.
As the TROY price bulls search for more buying signals, investors are shifting to a new meme token by the name of Crypto All-Stars (STARS).
99Bitcoins, a crypto channel on YouTube with over $706K subscribers, says STARS has the potential to soar 100X after its launch.
Crypto All-Stars Presale Secures Over $3 Million
Crypto All-Stars’ fundraising success shows how much investors are attracted to the crypto industry’s first platform to enable multiple meme coin to be staked in one place.
Why Is Everyone Excited?
In its initial presale phase, Crypto All-Stars raised over $350k! 💰
This early success shows that investors see BIG potential here. 🚀
Could this be the next $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
The project, which has raised more than $3 million, makes this possible via its revolu͏t͏ion͏ar͏y M͏emeVault protocol, and pays rewards in $STARS.
Crypto All-Stars offers staking options for 11 top meme coins: Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. More will be added in the coming months.
Investors can also earn passively through the project’s native staking mechanism, which offers an astronomical 514% annual percentage yield (APY) on STARS.
You can grab STARS tokens now for $0.0015432 each. The price is set to increase in less than a day, so act fast to lock in the best deal.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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