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The Beercoin price surged 15% in the last 24 hours to trade at $0.0002845 as of 03:28 a.m. EST on trading volume that plunged 27% to $243 million.
The pump comes after the BEER price plunged 40% in the last 7 days, a drop its team attributed to presale investors taking profits and panic selling. The token is still down 49% from its all-time high (ATH) of $0.0005704.
Beercoin Price Prediction: Beercoin Price Set For A Bullish Rally Towards Its Resistance Zone
The Beercoin price plunged from its resistance zone at $0.0004941, falling within the falling wedge pattern. However, the bulls are capitalizing on the support level around $0.0002699 to push the token toward the upper boundary of the falling wedge, as data from GeckoTerminal shows.
BEER’s fall from its resistance zone has resulted in the token dropping below both the 50-day and 200-day Simple Moving Averages (SMAs).
Furthermore, the Relative Strength Index (RSI) is declining towards the oversold level, currently at 43. This confirms that bears are currently in control.
If the bears sustain the current bearish momentum, the token could retrace back to the support level around $0.0002433, coinciding with the lower boundary of the falling wedge.
The 50-day SMA also crosses above the 200-day SMA, which forms a death cross around $0.0004435. A death cross could sustain the bearish trend, as it prompts investors to sell.
However, the Moving Average Convergence Divergence (MACD) shows some bullish prospects on the 1-hour chart, with the blue MACD line crossing above the orange signal line, a representation of a bullish crossover.
A bullish crossover offers some bullish sentiments to optimistic investors, which may prompt a buyback campaign, possibly staging a bullish trend reversal.
In this scenario, bulls could drive the token upwards to surpass key resistance levels at $0.0003427 and $0.0004280, aligning with the 50-day and 200-day SMAs. Ultimately, they aim to reclaim the crucial $0.0004941 resistance level.
As the BEER price bulls gear up for a bullish trend reversal, the Mega Dice presale’s trend is just flat out bullish as its hurtles towards $1.5 million raised.
Mega Dice Presale Amasses Over $1.48 Million – A Promising Alternative
Mega Dice (DICE) is a crypto casino and gaming platform that has over 11,000 active users who lock in more than $50 million in bets every month. The platform is the first GambleFi project on the Solana blockchain and its goal is to challenge sector titan Rollbit Coin.
$DICE presale has raised $1.4 Million
Current tier price: 0.075
Current presale target: $2MWe’re implementing multiple tiered price increases, so make sure to secure your #DICE early! Don’t forget, you can now utilize your $DICE directly in our Web and Telegram… pic.twitter.com/VAsI6u27aD
— Mega Dice Casino (@megadice) June 7, 2024
Mega Dice has over 4,000 casino games and over 50 sports and eSports betting options for its users.
A $2.25 million airdrop giveaway running over three seasons is well underway and is currently in its second season. Users on the platform have the opportunity to win a maximum airdrop of $37,500.
To get in on the action, all you need to do is wager $5,000 or more between May 15 and June 28. With that, you stand a chance to grab a portion of the $750,000 giveaway.
The $DICE Season 2 Airdrop is STILL LIVE – Earn Your Share of a $750,000 AIRDROP!
Want a piece of the action? Just wager $5000 or more between May 15 and 28 June, 2024, and you could claim your share of the $750,000 airdrop! With a maximum airdrop of $37,500 per player,… pic.twitter.com/YiFxEUucRx
— Mega Dice Casino (@megadice) May 31, 2024
According to 99Bitcoins, a popular crypto channel on YouTube with over 700,000 subscribers, $DICE could potentially soar 100X after launch.
To join the presale, you can buy $DICE on the official website here for $0.075 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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