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The Beercoin price is up 15% in the last 24 hours to trade at $0.0002845 as of 3:28 a.m. EST, trading volume fell 27% to $243 million.
The pump comes after the BEER price fell 40% over the past seven days, a decline the team attributes to pre-sale investors taking profits and panicking. The token is still down 49% from its all-time high (ATH) of $0.0005704.
Beer Coin Price Prediction: Beer Coin price is poised for a bullish rally towards its resistance zone
Beercoin price fell from its resistance zone to $0.0004941 and fell within the bearish wedge pattern. However, the bulls are taking advantage of the support level around $0.0002699 to push the token towards the upper limit of the falling wedge, as evidenced by data from GeckoTerminal shows.
BEER’s fall from its resistance zone has caused the token to fall below both the 50-day and 200-day Simple Moving Averages (SMAs).
Furthermore, the Relative Strength Index (RSI) is falling towards the oversold level, currently at 43. This confirms that the bears are currently in control.
If the bears maintain the current bearish momentum, the token could return to the support level around $0.0002433, which coincides 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 support the bearish trend as it prompts investors to sell.
However, the Moving Average Convergence Divergence (MACD) is showing some bullish prospects on the 1-hour chart, with the blue MACD line crossing above the orange signal line, representing a bullish crossover.
A bullish crossover offers optimistic investors some bullish sentiments, which can trigger a buyback campaign, potentially triggering a bullish trend reversal.
In this scenario, bulls could push the token higher to surpass the key resistance levels at $0.0003427 and $0.0004280, in line with the 50-day and 200-day SMAs. Ultimately, they aim to regain the crucial resistance level at $0.0004941.
While BEER price gains are gearing up for a bullish trend reversal, the Mega Dice presale trend is downright bullish as it races towards the $1.5 million raised.
Mega Dice pre-sale raises more than $1.48 million – a promising alternative
Mega Dice (DICE) is a crypto casino and gaming platform with over 11,000 active users who place over $50 million in bets every month. The platform is the first GambleFi project on the Solana blockchain and aims to challenge industry titan Rollbit Coin.
$DICE the pre-sale raised $1.4 million 🚀
Current level price: 0.075 💰
Current pre-sale goal: $2 million 💰We’re implementing multi-tiered price increases, so make sure you secure your price #DIE early! Remember, you now have your $DICE directly on our web and Telegram… pic.twitter.com/VAsI6u27aD
— Mega Dice Casino (@megadice) June 7, 2024
Mega Dice has over 4,000 casino games and more than 50 sports and eSports betting options for its users.
A $2.25 million airdrop giveaway spanning three seasons is well underway and currently in its second season. Users on the platform have the opportunity to win a maximum airdrop of $37,500.
To participate in the promotion, all you need to do is bet €5,000 or more between May 15 and June 28. This gives you a chance to win a share 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 bet $5,000 or more between May 15 and June 28, 2024, and you can 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 rise 100x after launch.
To participate in the presale, you can buy $DICE here on the official website for $0.075 per token with BNB, ETH or SOL. You can also earn 10% on all purchases made by the investors you refer.
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