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Stratis (STRAX) has consistently been riding a wave of bullish momentum, surging by over 20%. A move that has attracted a growing number of buyers and propelled the price beyond the critical $0.88 resistance level.
As of 6:17 a.m. EST, STRAX has recorded an astounding 65% surge in the past 24 hours, reaching a trading price of $1.17. Furthermore, the daily trading volume for STRAX has skyrocketed by 6200%, reaching a substantial $644 million.
Stratis (STRAX) May Continue Bullish Momentum
Stratis has exhibited resilience, rebounding from a seller-triggered pullback and recovering from the $0.56 support level.
Stratis (Strax) has steadily maintained its bullish momentum, particularly from $0.40 support. This support level has proven to be a robust buyer base, as shown by a substantial increase that aligns with the 200-day simple moving average.
Nonetheless, buyers faced a hurdle when the price reached $0.88, causing a temporary pullback to the $0.57 support zone. Subsequently, this support level catalyzed for the bulls to make a determined push, resulting in the price surging beyond $0.88.
However, their efforts were again met with resistance at $1.216. This shows the possibility of a reversal towards a bearish trend, potentially retracing to the $0.90 support level.
Will Stratis (Strax)’s Bullish Outlook Persist?
Strax bullish sentiment could persist, enabling the bulls to surpass the $1.216 barrier, potentially driving higher prices.
The 50-day and 200-day moving average indicators are below $0.49 and $0.51, further strengthening this optimistic sentiment.
The relative strength index (RSI) is on an upward trajectory at 82, showing a rebound from the 65 level, which implies sustained buying pressure above the overbought region at 70.
In this scenario, Stratis’ price maintains bullish, supported by moving averages and RSI.
The bulls may overcome the temporary resistance level at $1.216 and reach new highs in the weeks ahead. However, Meme Kombat’s unique presale approach has attracted significant attention.
With its S2E and P2E features, investors consider MK a practical alternative to STRAX.
Buy Meme Kombat (MK) Fast. Presale Nears $1 Million Goal
Meme Kombat is on the brink of substantial expansion following its presale. This presale has already seen half of its tokens sold, beginning just a few weeks ago. The presale has been an enormous success, with many investors expressing interest and enthusiasm for the project. Meme Kombat is now looking towards the future, with plans to develop the platform further and expand its reach.
Just sliding past 500k📈 We on our way 😈#MemeKombat pic.twitter.com/7b6H7ou3D4
— Meme Kombat (@Meme_Kombat) October 14, 2023
Presently, the presale has raised $532,615, which brings it closer to its fundraising target of $1 million. This showcases considerable investor enthusiasm for the presale token and underscores the urgency for prospective investors.
Additionally, the platform provides automatic staking opportunities throughout its presale, offers diverse betting options, and employs a carefully designed tokenomics strategy to guarantee long-term sustainability.
It blends memes and artificial intelligence to create a competitive arena on the Ethereum Network.
Stake $MK Tokens, Earn Passive Income
Meme Kombat’s staking-to-earn and play-to-earn features offer appealing opportunities for potential investors.
The MK platform provides automatic staking advantages during the presale, a range of betting options, and an intelligently designed tokenomics model to ensure long-term growth.
Upon purchasing MK tokens in the presale, you can stake them to yield a substantial Annual Percentage Yield (APY) of 112%. The MK team has set aside 30% of the token supply for staking and battle rewards.
Rise and grind memers. Kombat waits for no one 🫡⚔️
Let's get it this Monday! pic.twitter.com/ceg0zKnsh4
— Meme Kombat (@Meme_Kombat) October 16, 2023
The MK platform lets you bet your tokens in competitions showcasing popular memes. If the meme you pick emerges as the winner, you can receive a portion of the prize pool. Furthermore, you can collaborate with others to make bets and distribute winnings.
Jacob Crypto Bury, a popular YouTube figure with 22.7K subscribers, explains Meme Kombat’s operations and offers guidance on making the most of its staking feature. He provides an in-depth analysis of the platform, highlighting its benefits and tips on maximizing its potential.
To start, visit the MK website, link your Web3 wallet, and buy your MK tokens using ETH, BNB, or USD (ERC-20 and BEP-20).
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