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The Plume price surged 9% in the last 24 hours to trade at $0.1143 as of 11:19 p.m. EST as investors rush to buy the altcoin.
With the recent gain by the PLUME price, the crypto has risen to the top of the trending list on CoinGecko.
Plume Price Breaks Resistance, Will It Keep Climbing?
Daily chart for PLUME/USD (Source: GeckoTerminal)
The Plume price managed to break above a resistance level at $0.1045 in the last 24 hours, according to data from GeckoTerminal. After breaching this technical barrier, the altcoin has cleared some room to potentially rise to the next barrier at $0.1261 if bulls continue pushing the PLUME price up. Enough buyer backing could also boost the crypto up to $0.1642.
However, a drop below the recently-breached $0.1045 mark could invalidate the bullish thesis. In this alternative scenario, the Plume price might fall back to the $0.0752 support.
Bulls Have The Momentum Needed To Drive The Plume Price Up Higher
Technical indicators on the daily chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), suggest the Plume price might continue climbing in the next 24-48 hours.
That’s after the MACD line consistently broke away above the MACD Signal line in the last 2 weeks, with the gap between the two technical indicators still expanding. This suggests growing bullish momentum, which could lead to a continuation of PLUME’s ascent if the trend continues over the short term.
RSI readings have also surged from around the low 30s to just above 60 in the last week. Traders often see increasing RSI readings as a sign of growing buyer strength.
What’s more, the indicator’s current reading at around 60 not only suggests that buyers have an upper hand over sellers, it also shows that there is still room for PLUME to climb before it reaches overbought conditions.
With the positive slope of the RSI line and the growing gap between the MACD and Signal lines, the Plume price appears poised to continue climbing over the next 24-48 hours.
While Plume price technicals point to a bullish continuation, investors are also buying into the presale for Bitcoin Hyper (HYPER). According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER is one of the best crypto ICOs to buy now.
Solana Speeds About To Come To The Bitcoin Ecosystem
Bitcoin has proven itself in terms of reliability and security over the years. However, the network lags when it comes to processing speeds. This is where Bitcoin Hyper, a layer- scaling solution for the Bitcoin blockchain, aims to make a difference.
Bitcoin Hyper integrates with the Solana Virtual Machine (SVM), meaning that it combines Solana’s lightning speeds with Bitcoin’s robust security framework. This opens up the possibility of more powerful and computationally-demanding applications to run on the Bitcoin blockchain.
Bitcoin could therefore transition from primarily being a store of value chain to a network with more utility that can run NFTs, DEXs and other decentralized applications.
The project also comes with a native Canonical Bridge, enabling the seamless bridging of assets from the Bitcoin base layer and BTC Hyper.
Bitcoin Hyper Presale Closes On $2 Million
Investors are already showing strong demand for what Bitcoin Hyper has to offer, with the project’s ongoing presale already having raised more than $1.9 million.
Investors that want to get in at this early stage of the project can do so by acquiring HYPER via the simple widget embedded on the project’s website. Selling for $0.012125, HYPER can be purchased with either crypto or bank card.
Tokens can also be staked for an attractive 412% APY. However, this rate will decrease as more tokens are locked up, so investors will want to hurry.
Anyone looking to secure the best presale deal will also want to act fast, HYPER’s price is scheduled to undergo a series of presale price increases as its ICO progresses. The next price hike is set to take place in around 15 hours.
Visit the official Bitcoin Hyper website.
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