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Real Smurf Cat (шайлушай) is a new cryptocurrency that has been experiencing quite a bit of price volatility over the last few hours.
The token is up more than 50% over the last 24 hours and features among the biggest gainers on DEXTools on Thursday. It is also one of the hottest pairs trending on the blockchains and DeFi data aggregate platform (see below).
Biggest gainers and trending pairs on DexTools
The token initially saw a strong surge about a week ago, with its price climbing more than 700%, from $0.0000190 on Sept. 14 to $0.0001416 on Sept. 16.
Unfortunately, the resistance at $0.000140 prevented the new meme coin from heading further up, causing it to correct toward $0.000080 at the end of September 17.
This support managed to hold for about a day and a half after шайлушай initially reached it, even allowing the price to bounce back up toward $0.00001284 on Sept. 18.
The price then embarked on a downtrend that saw it plummet as much as 85% to set a swing low at $0.00001891 on Sept. 21.
Since then, several attempts at recovery have continuously been rejected, with each leading to even lower lows. Can the bulls sustain the current recovery?
Real Smurf Cat Price Could Climb to $0.000062
Шайлушай price action between Sept. 23 and 28 led to the appearance of a descending parallel channel on the two-hour timeframe. The token, however, escaped from this bearish chart pattern on Sept. 28 as the bulls sought to bring the downtrend to an end.
The path appears clear for the Real Smurf Cat, with the closest target set around the $0.00006280 range high. Such a move would represent an 84% ascent from the current price.
шайлушай/USD Daily Chart
This positive outlook was validated by the upward-facing Relative Strength Index (RSI). The value of this oscillating strength following the indicator at 64 suggested that the buyers were controlling the price.
On the flip side, шайлушай price could turn down from the current levels with the first line of defense emerging from the $0.000030 psychological level. Another level to watch is the upper boundary of the declining channel at $0.00002378.
Breaching this level could see Real Smurf Cat drop lower and back into the confines of the descending parallel channel. Traders could expect the cat-themed meme coin to continue trading in this channel for a few days as its value decreases.
Шайлушай Alternatives
TG. Casino is gaining popularity as a leading Telegram-powered crypto casino. Its native token, $TGC, is based on the Ethereum blockchain and has a capped supply of 100 million coins. The tokenomics of $TGC is designed with the interest of investors at heart.
Meanwhile, the token is in presale and has continued to earn the interest of mega-optimistic investors.
The $TGC presale is live – your golden ticket to exclusive rewards and benefits. Don't miss out!
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🪙 Token Launch pic.twitter.com/FKzkYTrcXj— TG Casino (@TGCasino_) September 20, 2023
Within a few days of the presale going live, the team behind TG. Casino has raised close to $240,000. This shows the height of investors’ optimism in the project.
$TGC’s greatest strength lies in its tokenomics. Unlike greedy project teams that often allocate a sizable portion of the token to themselves, the $TGC project team didn’t get a single allocation. Rather, 40% of the token is allocated to its presale.
While 20% is allocated to staking endeavors, 10% is reserved for marketing efforts. The remaining 20% goes into the liquidity pools. With this impressive distribution method, you should understand why its ongoing presale is the talk of the crypto industry.
By burning 40% of the tokens, the team seeks to establish a value-enhancing deflationary financial atmosphere for the $TGC. This ensures that the token becomes scarce, consequently increasing its value. At this point, you must attest that the token will repay the faith of early investors.
Currently auctioning for $0.125, the token can be bought with Ethereum (ETH), Binance Coin (BNB), and Tether (USDT), with both ERC-20 and BEP-20 versions available.
$TGC is the native token of the platform that allows users to place their bets alongside other significant cryptocurrencies. Players using TGC tokens will enjoy additional bonuses, rewards, and prizes.
In the evolving crypto landscape, TG. Casino is a promising project that has captured the imagination of crypto whales and the broader crypto community. Its remarkable features, Telegram integration, and deflationary mechanisms make it a project to watch closely in the coming months.
The final countdown begins ⏰ https://t.co/1CivTnIx4Z's Telegram Casino is almost here 🎰
Get ready to play with BTC, ETH, XRP and all leading cryptocurrencies. pic.twitter.com/uNlUWLzBks
— TG Casino (@TGCasino_) September 28, 2023
Visit TG. Casino here for more details about the project.
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