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The Rollbit Coin price pumped over 3% in the last 24 hours to trade at $0.1017 as of 7:30 a.m. EST as investors begin to re-accumulate the altcoin.
RLB still has some work to do if it wants to flip its longer-term performances into the green as well. After plunging more than 15% during the last week, the crypto’s plunged 4% in the past month.
The Rollbit Coin Price Is Approaching Resistance
4-hour chart for RLB/USDT (Source: TradingView)
The Rollbit Coin price has been in a consolidation phase between $0.0973333659 and $0.1041903945 over the past couple of days. This sideways trading could soon be followed by a strong price movement. Should this potential move be towards the upside, RLB might attempt to flip the $0.1041903945 barrier into support. A 4-hour candle close above this mark could then give the altcoin the foundation needed to rise to the subsequent mark at $0.1119963223 in the following 24-48 hours.
Conversely, the Rollbit Coin price breaking down could see it lose the support of the $0.0973333659 mark. Continued sell pressure might then force RLB’s value to as low as $0.0915614616 in the short term.
Decreasing Bullish Strength Could Lead To A Rollbit Coin Price Correction
Technical indicators on RLB’s 4-hour chart are currently flagging bullish, but do show signs of diminishing bullish strength. The Moving Average Convergence Divergence (MACD) line is positioned above the MACD Signal line. Traders tend to identify this as a signal that a crypto is in a positive trend. With the MACD line breaking away above the MACD Signal line, it seems that the positive momentum is also growing stronger.
However, the Relative Strength Index (RSI) is starting to contradict the bullishness expressed by the MACD indicator on the 4-hour chart. Although the RSI is positioned bullishly above its Simple Moving Average (SMA) line, the gap between the two technical indicators is beginning to shrink. This could be an early indication of an upcoming bearish reversal of the positive trend that RLB recently entered.
As the Rollbit Coin price attempts to keep its bullish momentum going, the Mega Dice presale has rapidly gained momentum and raised more than $333k within minutes of launch.
A New Token Backed By An Established Brand
Since its launch in 2023, the Mega Dice platform has managed to rise through the ranks to become one of the most popular crypto-oriented online casino and betting platforms.
Players are able to take part in over 4,500 online games offered on the platform, including classic hits such as slots, blackjack, and roulette, as well as a comprehensive sportsbook.
Now, the team behind Mega Dice are looking to elevate their offering to the next level through the launch of their own Solana token, DICE.
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DICE will act as a utility token within the Mega Dice ecosystem. Holders will not only stand the chance to earn rewards paid in the crypto token, but will also gain access to exclusive games and betting opportunities that are not made available to non-token holders.
Investors will be able to stake DICE to earn a portion of the online platform’s revenue as well. This means that as more players are onboarded onto the platform, investors who stake their tokens will stand to earn more.
Given that Mega Dice already boasts 10,000 active monthly users, DICE investors are likely to enjoy lucrative daily rewards from the get-go if they lock up their tokens.
Investors Bet Big On This New Crypto
Another possible reason for the investor frenzy around DICE after its presale launched could be the early bird bonuses being offered to anyone that purchases DICE during its current presale phase.
Refer a friend and stand a chance to win $1000 every week! 🤩
Simply visit https://t.co/QhS5uUOKEb on Telegram, click the 'earn tab,' and grab your unique referral link. Winners are announced weekly in our Telegram group: https://t.co/w6v0xNRi4q
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— Mega Dice Casino (@megadice) April 12, 2024
Investors that want to acquire the token at this early stage can buy Dice on the official website here using BNB, ETH or SOL. Selected holders will receive limited edition NFTs that will give access to special privileges and rewards. They can also be traded on the market.
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