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The Swarms price has soared 61% in the last 24 hours to trade at $0.5630 as of 3:30 a.m. EST on a 51% pump in trading volume to $274 million.
Swarms Price Spikes Within The Parabolic Curve
The Swarms/USD pair on the 4-hour timeframe indicates a rapidly accelerating bullish trend, with the current price at $0.5630. The price movement follows a classic parabolic curve, a strong indicator of aggressive upward momentum fueled by high demand and strong market sentiment. .
A minor support level is established at $0.2111, which aligns with the 50-day Moving Average (MA). The price’s significant distance above this support level reflects the strength of the ongoing bullish trend.
Additionally, the absence of the 200-day Moving Average (MA) indicates the asset might be relatively new or the timeframe is too short for the indicator to be meaningful.
SWARMSUSD Analysis Source: Dextools.io
Swarms Price Bullish Technicals Signal A Short-Term Pullback
The MACD (Moving Average Convergence Divergence) is strongly positive, with the MACD line (0.0861) crossing and staying above the Signal line (0.0676). The histogram prints green bars, showing growing bullish momentum and increased buying activity.
Meanwhile, the RSI (Relative Strength Index) has crossed the 50 midline level to trade at 80.97, which places the Swarm price in the overbought territory. While an overbought RSI often signals the potential for a cooling-off period or consolidation, it is not uncommon for assets in strong uptrends to remain overbought for extended periods as buyers continue to dominate.
The parabolic curve highlights the rapid and aggressive nature of the current price action. However, it is important to remember that such steep trajectories often signal heightened risk, as they are typically unsustainable in the long run.
The price could experience a sharp pullback if momentum falters, potentially testing key support levels. Key resistance levels to watch are near $0.60 and $0.70, which may act as psychological barriers where profit-taking could occur.
On the downside, minor support at $0.2111 will be crucial to hold if a correction occurs, as it represents a zone of previous accumulation and strong buyer interest.
Flockerz Presale Hurtles Past $9 Million – Next Crypto To Explode?
As traders add to their Swarms holdings, they are doing they same with Flockerz (FLOCK), a presale meme coin that has just passed $9 million in funding.
This momentum has drawn the attention of an analyst on 99Bitcoins, a popular YouTube crypto channel with over 719K subscribers. The analyst says that FLOCK has the potential to deliver a massive 100X return once it launches.
Flockerz is quickly making a name for itself as a standout meme coin with real utility. Unlike other meme tokens, Flockerz allows holders to actively engage through FlockTopia, a DAO that rewards participants for their involvement.
By owning FLOCK tokens, you automatically join FlockTopia, where you can vote on key decisions like marketing strategies and token burns. Even better, you earn extra tokens through smart contracts simply for casting your votes, thanks to the project’s innovative vote-to-earn (V2E) system.
Flockerz also offers a lucrative staking program with a huge 303% annual yield, giving investors a great opportunity for passive income. Whether you’re participating actively in the DAO or staking your tokens, Flockerz ensures your involvement is rewarded.
FLOCK tokens are currently available in the presale for just $0.0066351 each, and you can purchase them using BNB, ETH, USDT, or even a bank card.
There are only 15 days left in the FLOCK presale, giving investors a final chance to become part of the Flockerz movement.
Charles is a journalist with a deep passion for blockchain technology. Having personally benefited from it, he shares accurate and reliable insights, staying updated on the latest industry trends.
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