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Gigacat price has dropped by 48% in the last 24 hours. Trading at $0.0004531 As of 00:47 AM ET, trading volume has risen to $944K.
Gigacat price poised for recovery
After an upward trend to the resistance level of $0.00128, the price of Gigacat has been in a downtrend. GCAT is now trading inside a descending channel pattern, according to data from Gecko Terminal.
The support at 0.000410 is now acting as a cushion against the bearish pressure, which bulls are aiming to take advantage of to push the price above the upper boundary of the channel.
Meanwhile, the Relative Strength Index (RSI) is also rising from the oversold level of 30 and is currently rising towards the mid-line level of 50, with increasing buying pressure.
Moreover, the Moving Average Convergence Divergence (MACD) indicator also supports the bullish potential, as it is rising towards the neutral line. The blue MACD line has also recently crossed above the orange signal line, resulting in a bullish crossover.
With the bulls exerting more pressure, Gigacat price is preparing for an uptrend reversal above the descending channel, with the bulls now targeting $0.0010.
However, Gigacat price is now trading below the 50 and 200 simple moving averages (SMA) on the 15-minute chart, which could indicate that GCAT is still in a bearish trend. If this scenario continues, Gigacat price could drop further to $0.00020.
As Gigacat Bulls Seek Recovery, Other Investors Buy New Meme Coin Crypto Stars (STARS)which has already raised over $855,000 in its ongoing pre-sales.
According to Jacob Perry, a prominent YouTuber specializing in cryptocurrencies, STARS has the potential to rise 10x after its launch.
Crypto All-Stars Presale Raises Over $855K – Is The Next Meme Coin Exploding?
Want to bet on DOGE, SHIB or FLOKI in the easiest way possible on one platform? Crypto All-Stars, a new crypto initiative makes this possible. The project has launched a platform that seeks to collect various meme coins.
Through the unique MemeVault protocol, users can stake their favorite meme tokens on the platform and earn rewards in STARS, the platform’s native token.
Crypto All-Stars, a brand new player in the meme coins space, has been launched within the last 24 hours, and it’s already a huge success! 🌊
Here’s why you should pay attention. 🧵👇
— web3telepath (@web3telepath) August 15, 2024
The meme coins currently available on Crypto All-Stars include Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin. More meme coins will be added in the near future.
You can also Buy and trade stars To earn an annualized return (APY) of 1,674%.
STARS tokens are currently selling for $0.0014135 each. However, given the price increase that will occur in about two days, you should act quickly to get the meme coin at the best possible price.
Buy STARS from their official website here using BNB, USDT or bank card.
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