Join Our Telegram channel to stay up to date on breaking news coverage
The Moonwell price surged 10% in the last 24 hours to trade at $0.0998 as of 00:27 a.m. EST on trading volume that plunged 36% to $23 million.
Moonwell Price Could Continue Soaring
The WELLUSD chart shows a breakout from a rising channel pattern around mid-October, where the price surged above the upper trendline with increased volume. The breakout from this pattern typically signals strong bullish momentum as traders enter to catch the breakout rally.
Meanwhile, the support zone around $0.057 allowed the bulls to push the price of Moonwell through a parabolic surge, according to data from GeckoTerminal.
WELL price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the sustained bullish trend.
The Relative Strength Index (RSI) is currently at 65.67, near the overbought threshold of 70. While the price of Moonwell is not yet in the overbought zone, it’s approaching it, indicating that momentum is strong.
The Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange) and above the zero line, which is another bullish signal. The MACD histogram bars are positive, reflecting bullish momentum, though they appear to be flattening slightly, which could indicate a potential slowdown in bullish momentum.
Moonwell Price Prediction
According to the Moonwell price analysis, WELL is moving towards a sustained bullish stance as it continues to soar. If this momentum continues, WELL could soar even higher, with the bulls likely to push the price of Moonwell to the next resistance level at $0.12.
However, the RSI shows a sustained bullish pressure. If RSI crosses above 70, it could signal overbought conditions, and traders might start watching for potential pullbacks. In the short term, the price of Moonwell could drop back to the $0.0715 support level, coinciding with the 50-day SMA.
Meanwhile, investors are also piling into a new meme coin called Memebet Casino (MEMEBET Token), which has already amassed over $534K in presale.
Cryptonews, a prominent crypto channel on YouTube with over 11K subscribers, says that $MEMEBET Token could soar 100X after its launch.
Memebet Token – The Casino for Meme Degens
Memebet Casino, powered by the Memebet Token, is revolutionizing the betting industry by offering a unique opportunity for punters to place wagers using meme coins.
It is the first and only casino available both on the web and Telegram where meme coin betting is possible.
This approach resonates with degen gamblers, and the platform provides an engaging and user-centric gambling platform.
Not the casino we deserve but the casino we need 🎰 #MemeBet #Presale & #Airdrop coming soon! 🚀 #Memecoins, #Crypto gaming and more! 🎮🏆 $COIN $DOG $PEPE #SOL #RNDR pic.twitter.com/oR2xja6JFK
— MemeBet (@Memebetcasino) May 23, 2024
Users can place bets using meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and others.
However, it’s not just the top meme coins that can be used to bet on Memebet Casino. Players can also utilize the project’s native token, $MEMEBET Token, to maximize their rewards within the ecosystem.
Using $MEMEBET tokens allows users to earn airdrop rewards, special degen bonuses, and entry into the upcoming Memebet Casino Lootboxes, which feature real-world prizes and valuable casino bonuses.
Bro's asking the right questions 🧐#MemeBet #Presale & #Airdrop soon ⏰
The number one place for #Crypto gaming and more! 💥 🎰$FTM $BTC #SOL #Bonk #WIF #Doge #BOME #Altseason pic.twitter.com/NLds73vdTX
— MemeBet (@Memebetcasino) May 19, 2024
To join the presale, you can buy $MEMEBET Token on the official website here for $0.0262 using USDT, ETH, or a bank card. With a price hike coming in about 3 days, don’t wait too long if you plan to buy.
Related News
- 10+ Best Crypto Exchanges To Trade On In 2024
- Binance Review – Fees, Features, Safety, Pros & Cons 2024
- Ethereum Price Prediction for Today, October 27 – ETH Technical Analysis
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
