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Secret Society (SS) price is trading with a bullish bias after successfully breaking out of consolidation in late July. It rallied almost 1000% to record an intra-day high of $0.09405 on August 6, but profit booking saw the altcoin shed almost 40%. This plunged Secret Society’s price under the foothold of a descending trendline, as indicated in the four-hour chart below.
The chart below shows the price action of the Secret Society token. It is trapped between two falling trendlines, leading to the formation of a falling wedge pattern. This forecasts a bullish breakout in the near future for SS.
A falling wedge pattern signals an impending bullish reversal after a downtrend. It is characterized by lower lows and lower highs sloping downward and contracting into a narrower range. Ultimately, the price action breaks above the resistance (upper trendline), causing a trend reversal.
SS Prognosis As Secret Society Price Consolidates Within A Falling Wedge
Secret Society price is $0.04229 at the time of writing, heading south in tandem with the Relative Strength Index (RSI). From an onlooker’s point of view, the token could fall soon. However, a closer look indicates that the altcoin may be merely coiling up for a big break.
The position of the RSI shows that Secret Society price is still in the hands of the bulls, sustaining above the 50 threshold at 53. This momentum indicator will likely test the 50 level and bounce, triggering fresh momentum that could catalyze an uptrend.
Such a move could see Secret Society price break above the upper boundary at around the $0.05000 psychological level. This could see SS shatter the $0.05986 level. In highly bullish cases, it could extend a neck up to the $0.07692 level, potentially collecting buy-side liquidity that continues to reside above the $0.08000 psychological level. Such a move would constitute a 90% climb above current levels.
Despite being lagging momentum indicators, the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) indicators support this outlook, with their histogram bars maintaining the green shade.
On the flip side, increased seller momentum could send Secret Society prices below the lower boundary of the pattern. In such a case, a decisive daily candlestick close below the $0.02000 psychological level would invalidate the bullish outlook.
Meanwhile, this casino token is set for listing soon, TGC, which is worth your consideration. It premiered for its presale only recently, and analysts are optimistic about it. Consider it for your portfolio diversification scheme ahead of its listing.
Secret Society Alternative
TGC is the casino token powering the TG.Casino ecosystem. It represents a bold foray into the fast-paced Web3 gambling sector, launching on the widely popular messaging app Telegram.
🎉🎉https://t.co/1CivTnIx4Z is now live! 🎉🎉
🎰To play all you need to do is go to @TGCasinoOfficialBot on Telegram and deposit funds.
📢 Join the community Telegram https://t.co/9yzBerkqhS for further information and T&C’s. pic.twitter.com/RtuohMvDLc
— TG Casino (@TGCasino_) September 28, 2023
The launch appears to have inspired renewed momentum in the TG.Casino ecosystem, with its presale surging fast. According to the website, almost $300,000 is already in the bag as collections gain momentum steadily across the presale.
The project represents the next generation of Web3 GambleFi products, picking up from where platforms such as Rollbit, Hamsters, and Stake.com left off. Contending against the traditional gambling industry, TG.Casino has secured its niche, providing instant deposits and withdrawals while lowering entry barriers. Specifically, you do not need to fill any Know Your Customer (KYC) requirements while joining the project. Even with such low entry barriers, transparency remains upheld.
As if that is not enough, the project takes things up a notch, integrating a crucial factor to make it even more interesting. How often do you see a Telegram automation feature in such an offering?
Hooge win for muffin! The Dog House is 1 of our most popular games.🐕 pic.twitter.com/S9kwJNtv1i
— TG Casino (@TGCasino_) September 29, 2023
This is an upscale from the standards set by TG.Casino’s industry peer, Unibot, is a Telegram-powered Web3 platform. Notably, the messaging platform boasts at least 700 million users monthly.
Just as the Unibot ecosystem confers advanced cryptocurrency trading strategies in the hands of the users, TG.Casino does the same, only better. This explains the remarkable success that the project has recorded. Evidence of this is in the presale for its native token, TGC, recording a fever pitch day after day.
Recently, a crypto whale made a huge bet on TG.Casino, leveraging the $876/day strategy.
Also Read:
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