{"id":570895,"date":"2024-08-30T09:25:11","date_gmt":"2024-08-30T09:25:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=570895"},"modified":"2024-08-30T13:48:48","modified_gmt":"2024-08-30T13:48:48","slug":"is-it-too-late-to-buy-r-snoofi-r-snoofi-price-skyrockets-250-in-a-week-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-r-snoofi-r-snoofi-price-skyrockets-250-in-a-week-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy R\/SNOOFI? r\/snoofi Price Skyrockets 250% In A Week, And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

The r\/snoofi price has skyrocketed 250% in the past week over 2% in the last 24 hours to trade at  $0.01396<\/a> as of 3:25 a.m. EST on a 29% drop in trading volume to $11 million.<\/p>\n

r\/snoofi Price Breaks Out In A Bullish Stance<\/h2>\n

The R\/SNOOFI chart shows that the crypto is trading within a clearly defined bullish channel after rebounding around $0.0094 – $0.0095 from a major support zone. This support zone is a strong foundation for the price, preventing further declines and sparking an upward move. Price action indicates a short-term bullish trend, with the ascending channel guiding the upward momentum.<\/p>\n

\"r\/snoofi<\/p>\n

R\/SNOOFI\/USD Analysis Source: Dextools.io<\/a><\/p>\n

The 50 Simple Moving Average (SMA) on the 4-hour chart, currently around $0.0087, is positioned below the current price. It is currently providing a dynamic support and further confirms the bullish outlook. Additionally, the price is well above the 200 SMA as well, reinforcing a strong long-term uptrend.<\/p>\n

The RSI stands at 54.70, indicating a neutral to mildly bullish sentiment. It also indicates that there is room for additional upside movement before the market becomes overbought.<\/p>\n

The MACD also shows a bullish stance, as the MACD line remains above the signal line with positive histogram bars, indicating ongoing buying momentum.<\/p>\n

r\/snoofi Price Prediction<\/h2>\n

The meme coin’s momentum has been weakening, so caution is advised, especially if the crypto’s price approaches the aforementioned channel’s upper boundary.<\/p>\n

If the altcoin’s price stays within the bullish channel and breaks above its upper boundary, it could target the next resistance levels around $0.0160 – $0.0170.<\/p>\n

Conversely, a pullback towards the major support zone near $0.0095 is likely if the price exceeds the channel’s support. A breakdown below this level could then shift the market sentiment to bearish.<\/p>\n

The trend remains bullish as long as the price stays above the major support and within the channel, with short-term buying opportunities near the channel’s lower boundary and more secure long-term positions above the 50 SMA.<\/p>\n

Mega Dice Presale Storms Past $1.7 Million-The Next Crypto To Explode?<\/h2>\n

In addition to r\/snoofi, investors are also betting big on the future of a new GambleFi token by the name of MegaDice (DICE)<\/a>, which has already secured over $1.7 million in early funding.<\/p>\n

Crypto analyst and Youtuber TodayTrader believes DICE could deliver 100X returns, particularly with its upcoming DEX launch that is poised to boost its value significantly.<\/p>\n