HarryPotterObamaSonic10Inu Pumps 27% As Crypto Market Cap Grows 2% While Meme Kombat Presale Tops $120k
As on-chain activity sees an upsurge in trading volumes, HarryPotterObamaSonic10Inu (BITCOIN) has bounced +20.51% amid a growing strong rally trend.
This comes following a tumultuous September for the poster-child of On-Chain Summer, which saw BITCOIN bleed-out almost -80% in less than a month, in a dramatic move following a +200% rally.
As buy-pressure takes hold, Bag-holders appear jubilant at the price action, with the upside move offering the chance at a recovery for under the water traders.
BITCOIN Price Analysis: Will HarryPotterObamaSonic10Inu Make New All-Time High?
As HarryPotterObamaSonic10Inu pushes up from firm support, price action is now high in BITCOIN’s descendant channel, currently trading at a market price of $0.082 (representing a 24-hour change of +20.20%).
The trend reversal was triggered on September 11, as BITCOIN caught support from the $0.05 price level, igniting the now +90% move.
With impressive buy-pressure underpinning the price action (representing 53% of the 658 tx over the past 24-hours), the upside swing has seen BITCOIN return to a vast market cap at $83.34m.
Now trending as #9 on DEXtools Hot Coins ranking, the huge move can be attributed to the influx of $1.45m in trading volume over the past 24-hours – which has seen the number of BITCOIN holders swell to 11,500+.
Yet, despite the positive shift in market sentiment, HarryPotterObamaSonic10Inu faces an upcoming struggle with resistance from the upper trendline – which has converged with the $0.085 price level.
Overall, the recovery in BITCOIN has provided much needed relief to deeply underwater top-buyers, however, with price now entering a critical test of resistance – late-entrants should exercise caution.
To the upside, if BITCOIN breaks high above the upper trendline resistance, price action has a target at $0.1225 (a potential gain of +47.14%).
However, downside risk here could see BITCOIN fall back to lower support at $0.064 (a potential -21.13% tumble).
This leaves HarryPotterObamaSonic10Inu with a risk: reward ratio of 2.04 – a good entry, with double reward to risk – but vulnerable to rejection from the upper trendline.
But, while on-chain activity sees huge risk taking, smart money are flocking to a new GambleFi project aiming to capitalize on the tribalism of crypto communities.
Meme Kombat: GambleFi Takes Crypto Communities By Storm – Potential 10X?
Meet Meme Kombat, a trailblazing initiative that has seamlessly blended the memetic love of nostalgic gaming, and GambleFi, into a decentralized Web3 platform.
So, what makes Meme Kombat tick, and why should potential investors keep a keen eye on this presale?
The essence of Meme Kombat lies in its captivating arena where characters aiming to tap into deeply tribal crypto communities lock horns.