Gigacat Value Gears Up For A Rebound After Dropping 48% In 24 Hours

The Gigacat worth has been on a downtrend after an uptrend to the $0.00128 resistance degree. GCAT now trades inside a falling channel sample

The worth of Gigacat (GCAT) dropped sharply on Monday, falling by 48% within the final 24 hours to commerce at $0.0004531 as of 00:47 a.m. EST. This got here because the meme coin continues its downtrend following an uptrend to the $0.00128 resistance degree.

The downturn noticed GCAT trades inside a falling channel sample, with the $0.000410 help now appearing as a cushion towards downward stress. The bulls are aiming to capitalize on this help to propel the value over the upper boundary of the channel.

In the meantime, the Relative Power Index (RSI) can also be rebounding from the 30-oversold degree to presently soar in direction of the 50-midline degree, indicating rising shopping for stress.

Moreover, the Transferring Common Convergence Divergence (MACD) helps the bullish prospects, because it soars in direction of the impartial line. The blue MACD line lately crossed above the orange sign line as effectively, indicating a bullish crossover.

GCATUSD Chart Evaluation Supply: GeckoTerminal.com With the bulls exerting extra stress, the value of Gigacat is gearing up in direction of a bullish development reversal above the falling channel, with the bulls now concentrating on $0.0010.

However, the Gigacat worth now trades beneath each the 50 and 200 Easy Transferring Averages (SMAs) on the 15-minute chart, suggesting that GCAT continues to be in a bearish development. If this state of affairs continues, the value of Gigacat might plunge additional to $0.00020.

As the Gigacat bulls goal to stage a rebound, different buyers are shopping for a brand new meme coin Crypto All-Stars (STARS), which has already garnered over $855K in its ongoing presale.

Based on Jacob Bury, a distinguished crypto YouTuber, STARS has the potential to soar 10X after its launch.

The Crypto All-Stars Presale Amasses Over $855K – Subsequent Meme Coin To Explode? Do you want to stake DOGE, SHIB, or FLOKI within the easiest method attainable multi functional platform? Crypto All-Stars, a brand new crypto initiative makes this attainable. The venture has launched a platform that seeks to convey collectively various meme cash.

Via its distinctive MemeVault protocol, customers can stake their most well-liked meme tokens on the platform and earn rewards in STARS, the platform’s native token.

A brand-new participant within the meme coin house, Crypto All-Stars simply went reside lower than 24 hours in the past, and it’s already making waves! ?

Right here’s why you need to concentrate. ??

— web3telepath (@web3telepath) August 15, 2024

Meme cash presently out there on Crypto All-Stars consists of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based mostly Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin. Extra meme cash will likely be added quickly.

You can too purchase and stake STARS for an annual share yield (APY) of 1,674%.

STARS tokens are presently promoting for $0.0014135 every. Nonetheless, with a worth improve coming in about two days, you need to act quick to get the meme coin at the absolute best worth.

Buy STARS from its official web site right here utilizing BNB, USDT, or a financial institution card.

Associated Information

The above is the detailed content of Gigacat Value Gears Up For A Rebound After Dropping 48% In 24 Hours. For more information, please follow other related articles on the PHP Chinese website!