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The Yes price is up 25% in the last 24 hours and 295% in the last month to trade at $16.85 as of 7:30 a.m. EST with a 194% increase in trading volume to $58,147.
Yes, price spikes within a descending channel
Yes price is trading within a descending channel pattern. However, the bulls pushed the price higher towards the upper trendline of the descending channel. The support zone at $13.07 has provided a strong platform for the bulls as the price bounces twice before the upward move.
Currently, the price is hovering around $16.18 near the channel’s upper trendline. If the price breaks above the descending channel, the bulls could push the price to the previous high at $27.13.
YESUSDT analysis. Source: Tradingview
The YES price indicators also show some interesting trends. The Relative Strength Index (RSI) is in a downtrend, but still above 50. With the increased momentum, the RSI could jump to the overbought area of 70, indicating continued bullish momentum in the JA market.
The price is also trading above the 50 and 200 simple moving averages which is a good sign of support. Moreover, a moving average crossover at $5.06 could give the bulls the push they need to break above the descending channel at $16.18.
The Moving Average Convergence Divergence (MACD) is on an upward trend, with the blue line crossing the orange signal line, indicating bullish sentiment. The MACD histogram is in positive territory, further supporting this optimistic outlook.
Yes, the price is gearing up for a bull rally
For traders considering long positions on YES, they should wait until the price reaches a stable candlestick close above the descending channel at $16.78. If this is achieved, the bulls will have an opportunity to drive the price to a new high at $27.18.
On the other hand, if the price falls below the channel, the bears can take advantage and drive the price lower, forcing the bulls to retreat to $13.28.
The next 100X GameFi crypto?
While investors are very optimistic about the JA price prospects, they seem equally optimistic about the Solana GameFi project Mega Dice (DICE), which has already raised more than $1.37 million in pre-sales.
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— Mega Dice Casino (@megadice) June 3, 2024
Mega Dice uses cryptocurrency and advanced technology to make your online casino experience smoother and more secure. By integrating cryptocurrencies, the platform ensures faster transactions and lower costs.
The platform already has more than 50,000 players and handles more than $50 million in bets every month. It also offers over 4,000 games and many sports and eSports betting options.
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The project is the first GameFi project on the Solana blockchain and aims to challenge casino industry titan Rollbit Coin.
Token holders can also earn through the platform’s staking option, where the team sets aside 10% of its total token supply of 420 million as a reward.
You can also enter the DICE Season 2 Airdrop and grab a share of the $750,000 prize pool. To qualify, you must wager $5,000 or more between May 15 and June 28.
The $DICE Season 2 Airdrop is STILL LIVE – Earn your share of a $750,000 AIRDROP! 🚨💰
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— Mega Dice Casino (@megadice) May 31, 2024
According to the 99Bitcoins YouTube channel, which has over 700,000 subscribers, DICE could grow 100x after launch.
If you want to participate in the presale, you can purchase $DICE on the official website for $0.075 per token. You can also earn 10% on all purchases made by investors you refer.
Buy DICE here with BNB, ETH or SOL.
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