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The TG.Casino price pumped 15% to trade at $0.6277 as of 1:20 am EST as investors scramble to buy the surging altcoin.
The TG.Casino Price Outlook
4-hour chart for TGC/WETH (Source: TradingView)
The TG.Casino price is also changing hands for 0.0002685779 WETH (Wrapped ETH). This was after the altcoin managed to break above the 0.0002501920 resistance level over the past 24 hours.
Throughout the past week, TGC has printed a series of higher highs and higher lows as well. This has resulted in the formation of a medium-term positive price channel. Should this momentum continue, the altcoin could soon rise to a new all-time high.
Over the past few hours, however, the TG.Casino price has been in a brief correction period. The slight pullback may just be a liquidity building move before TGC enters into another leg up.
This bullish thesis may be invalidated if the TG.Casino price falls back below the 0.0002501920 mark within the next 24 hours. This could then open up the risk of the crypto falling to 0.0001847585 in the following couple of days. Continued selling pressure may then drag the altcoin’s value to as low as 0.0001249190 WETH in the short term.
A potential early indication of this bearish thesis playing out could be when TGC falls below the lower boundary of the bullish channel that has formed on its charts. A rebound from the 0.0002501920 level on the other hand may result in TGC soaring to a new all-time high in the following few days.
Another 50x
Send it higher. Gib 100mm
Autist Kitchen chat stay printing pic.twitter.com/UVGYcpUUMk
— Wizard Of SoHo (🍷,🍷) (@wizardofsoho) February 4, 2024
The TG.Casino Price: Are Bears Losing Their Advantage?
Technical indicators on TGC’s 4-hour chart suggest the TG.Casino price could drop in the next 24 hours. The Moving Average Convergence Divergence (MACD) line has recently crossed below the MACD Signal line. This bearish technical flag could be a sign that TGC has entered into a short-term negative trend, which is also growing stronger.
In addition to this, the Relative Strength Index (RSI) line is positioned below its Simple Moving Average (SMA) line. Traders may see this as a sign that sellers are currently stronger than buyers. However, the RSI line is sloped positively, which could be an early indication of bears losing their advantage over bulls.
While the TG.Casino price looks to retest a key level, experts are turning their attention to Meme Kombat and its potential for explosive gains.
Memes Will Soon Battle It Out
The #crypto market resisting the pump: pic.twitter.com/kNhOCSLVv9
— Meme Kombat (@Meme_Kombat) February 4, 2024
Meme Kombat is set to make a splash in the booming blockchain gaming sector with its innovative meme battleground platform.
Popular memes such as Milady, Baby Doge, Doge, Floki, Kishu, Mong, Pepe, Pepe2, Shiba, Sponge and Wojak will soon battle it out while allowing investors to place bets on the outcomes of these regularly scheduled battles. Investors who place winning bets could therefore receive frequent rewards.
In addition to these regularly-scheduled battles, more-hyped events will also take place within the ecosystem, which will include more lucrative rewards as well. Apart from the frequent rewards up for grabs, Meme Kombat is also offering presale investors a staking program with an attractive Annual Percentage Yield (APY) of 113%.
Investors Are Rushing To Buy Into This Meme Coin
Meme Kombat is nicely positioned to benefit from both the vibrant meme coin sector and the rapidly-growing blockchain gaming space. This could result in Meme Kombat’s native token, MK, printing substantial gains for investors in the near future.
Crypto investors are clearly confident in the project’s prospects, as demonstrated by Meme Kombat’s successful presale, which is about to hit the $8.3 million mark.
Investors looking to buy into MK during its presale phase can do so using ether (ETH), Tether (USDT) or Binance Coin (BNB). The meme coin is selling for $0.279.
MK can be purchased here.
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