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The Master2100 price has jumped 48% in the last 24 hours to trade at $2.68 as of 8 p.m. EST on a 72% leap in trading volume to $5.8 million.
The surge made MSTR the top gainer among the largest cryptocurrencies by market capitalization, according to CoinGecko.
Master2100 Price Declines Below The Bullish Channel
The MSTR/USDT 4-hour chart shows a solid bullish trend. The price is currently at $2.21, down approximately 6.7%. According to data from GeckoTerminal, the price has been trending upward within a bullish channel, demonstrating a pattern of higher highs and higher lows.
Recently, it has started following a parabolic curve, which signals an accelerated uptrend. This parabolic movement often precedes continued strong bullish momentum or an impending correction if the trend becomes overextended.
MSTRUSD Analysis. Source: Dextools.io
The 50-period Simple Moving Average (SMA) at $1.40 has been providing dynamic support, with the price remaining above it, indicating that the medium-term trend is still bullish. The MACD (Moving Average Convergence Divergence) indicator shows a positive signal, as the MACD line is above the signal line.
Master2100 Price Bulls Show Resilience
This indicates ongoing bullish momentum, although the recent rise in the MACD histogram bars may indicate that buying pressure is peaking, which could slow down the upward trend.
The Relative Strength Index (RSI) is at 65.14, approaching the overbought zone 70. This nearing overbought status signals that a pullback might be on the horizon if the RSI continues to climb, as traders may start to take profits. The likelihood of a short-term correction increases if the RSI enters the overbought territory.
While the uptrend remains strong, caution is warranted as indicators suggest the potential for a pullback if resistance holds at $2.21 and the RSI moves further into overbought territory.
Based on past price action, the next resistance target could be around $2.50, should the price break and hold above this level.
On the downside, support is found at around $2.00, close to the lower boundary of the parabolic curve. A break below this could trigger further support at the 50 SMA level near $1.40.
Flockerz Presale Charges Towards $1.5 Million, Offers 1,384% APY
As bullish sentiment grows around the Master2100 price, new vote-to-earn (V2E) meme coin Flockerz (FLOCK) has just crashed past $1.2 million in its presale.
In addition to an outstanding staking yield of 1,384%, Flockerz is drawing interest for its innovative approach to decentralized governance.
Beyond its high yield, Flockerz aims to bring genuine decentralization to the meme coin space by rewarding holders with FLOCK tokens for participating in project governance.
This innovative approach encourages active engagement from the community, tackling the issue of voter apathy that’s common in meme coins.
No need to manifest when the flock’s always rising together.
Upward we go, stronger side by side! ✅ pic.twitter.com/VMgTLufYFu
— Flockerz (@FlockerzToken) October 31, 2024
At the core of the project is Flocktopia, a decentralized autonomous organization (DAO) where every stakeholder has a meaningful voice. This ensures a truly community-driven future for Flockerz.
According to analyst and YouTuber Crypto Zeus, with over 79K subscribers, $FLOCK “could be huge.”
Currently priced at $0.0059098, FLOCK tokens can be purchased with $ETH, $USDT, $BNB, or a credit card. Buy now to secure the best rate before the price increases in less than 24 hours.
Buy FLOCK tokens on the official website here.
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