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The Mother Iggy price has surged 20% in the last 24 hours to trade at $0.06778 as of 7:15 p.m. EST on a 10% drop in trading volume to $14 million.
This price increase comes after former Grammy-nominated artist and entrepreneur Iggy Azalea announced the launch of Motherland, an online casino using her MOTHER token, in November.
Motherland will offer a variety of games like slots, blackjack, roulette, and poker, as well as live dealer games, tournaments, and sports betting.
BREAKING: @IGGYAZALEA TO RELEASE "MOTHERLAND", A NEW ONLINE CASINO THAT USES $MOTHER, IN NOVEMBER pic.twitter.com/KWPJQ10Qv6
— DEGEN NEWS (@DegenerateNews) September 20, 2024
Mother Iggy Price Rebounds Above The Moving Average With A Strong Support
The MOTHER/USD trading pair on the 4-hour chart shows a bullish outlook with two key Simple moving averages, the 50-period SMA (around 0.0592) and the 200-period SMA (around 0.0439). According to the GeckoTerminal data, the price is trading above both, indicating strong upward momentum.
Earlier in the chart, a golden cross occurred when the 50-period SMA crossed above the 200-period SMA, a classic bullish signal that suggests the possibility of sustained upward movement.
MOTHERUSD Analysis Source: Dextools.io
A clear, rounded bottom pattern has formed, signaling a reversal from the previous bearish trend to a bullish one. This shows that the downtrend has ended, and the price is likely to climb.
The price recently tested and bounced off a support zone near $0.065, showing strong buying interest at this level. With the upward arrow indicating “More Upside,” the price indicates further gains if it can surpass the previous resistance level of $0.071.
Mother Iggy Price Indicators Signal More Upside Coming
The MACD is slightly bullish, with the MACD average line above the signal line, although there was a minor bearish cross recently, signaling some short-term weakness. However, the positive MACD histogram and proximity to the zero line suggest that the upward trend may still be in its early stages, with room for more bullish momentum.
Meanwhile, the Relative strength index (RSI) is trading at 55.59, indicating neutral market conditions. The market is neither overbought nor oversold, which gives the bulls the opportunity to drive the Mother Iggy price higher, which may push the RSI to the overbought threshold of 70.
The mother Iggy price indicates a strong bullish setup. The combination of the rounded bottom pattern, moving average cross, and the price holding above support suggests that further upside is likely. As long as the price remains above the $0.065 support zone and breaks through the $0.071 resistance, we can expect continued gains in the upcoming weeks.
Investors Flock To Memebet Casino (MEMEBET Token) As Presale Storms Past $264K
Meanwhile, as Mother Iggy price traders anticipate a bullish rally, investors are flocking to the new meme coin casino project, Memebet Casino (MEMEBET Token), which has already raised over $264K in early presale funding.
Popular crypto analyst and YouTuber ClayBro, who has over 130K subscribers, claims that early investors could see massive gains once the MEMEBET Token launches.
The MEMEBET Token is an up-and-coming online casino seeking
to set itself apart from other gambling tokens by enabling holders to wager with top meme coins that include Dogecoin, Pepe, Shiba Inu, and others.
Memebet Casino will be accessible directly through Telegram and will operate as a no-KYC betting platform.
The platform will offer options for gambling on slots, table games, and sports. The project promises rewards for $MEMEBET Token holders and high rollers, including bonuses and entry into an exclusive VIP community where top bettors can enjoy special perks.
Bro's asking the right questions 🧐#MemeBet #Presale & #Airdrop soon ⏰
The number one place for #Crypto gaming and more! 💥 🎰$FTM $BTC #SOL #Bonk #WIF #Doge #BOME #Altseason pic.twitter.com/NLds73vdTX
— MemeBet (@Memebetcasino) May 19, 2024
Additionally, users will be able to wager with the Memebet Token and earn a portion of the rewards from the Memebet Airdrop campaign. While current airdrop rewards are available to those who use the Memebet Token during the presale, future airdrops will benefit regular casino users.
Token holders will also unlock access to special challenges and exclusive bonuses once the casino is live. The developers have set aside 20% of the total 2 billion token supply for casino rewards, including airdrops and lootboxes. These lootboxes will offer token holders various bonuses, freebies, and even real-world prizes.
MEMEBET Token is priced at $0.0253 and has no minimum investment requirement. If interested, you can purchase it using $ETH, $BNB, $MATIC, $USDT, or a credit/debit card. But you need to hurry as the price is set to increase in three days.
Buy MEMEBET Token on the official website here.
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