Foom (FOOM) Faces Setback at All-Time High Supply Zone
Foom (FOOM) is currently trading at $0.00000001553, experiencing a 9% decline over the past 24 hours. This dip can be attributed to a significant decrease in its daily trading volume, which now stands at $1.19 million.
Correction and Price Consolidation
Following its launch on August 15, FOOM faced resistance at $0.00000009763, leading to a correction that brought the price down to the $0.0000002851 support zone. This correction resulted in a period of price consolidation that has lasted for several weeks.
Bearish Trend and Resistance Zone
The price initially responded positively to the 50 Simple Moving Average (SMA), but the resistance zone proved strong, causing the price to break below the 50 SMA. Despite efforts to raise the price, bears have been persistent, with assistance from the 50 SMA. The Relative Strength Index (RSI) also indicates significant selling pressure.
FOOM Price Prediction: Potential for Bullish Rally
While FOOM is currently under a bearish trend, it is finding support from the 50-day moving average. A breach below the support level at $0.00000002851 could result in losses for buyers compared to the initial launch price. However, if bulls utilize the support zone, they could drive the price upward, surpassing the $0.00000009763 resistance level and reaching new record highs.
Meme Kombat Offers Opportunities for Passive Income
Meme Kombat, an innovative gaming platform designed for gaming enthusiasts, offers rewards for active betting and passive staking. During the presale of $MK tokens, each purchase triggers the staking of tokens for the buying wallet, allowing users to earn rewards through a competitive 112% annual percentage yield (APY).
Roadmap for Meme Kombat(MK)
In September 2023, Meme Kombat initiated a token presale, raising $588,732. The platform is expected to launch in October or November 2023, and Season 1 will feature battles, leaderboards, and more. In December 2023, Season 2 will be launched with enhanced features and experiences.
Positive Feedback from Crypto Influencer
Inspector Mindblow, a prominent YouTube crypto influencer, highlights Meme Kombat as a significant presale opportunity and provides guidance on purchasing and leveraging the staking program for potential benefits.
Hot Take: Meme Kombat’s Potential in the Gaming Sector
Meme Kombat has shown promising growth since its token presale and is set to revolutionize the blockchain gaming sector. With its innovative features and ongoing development efforts, it has the potential to attract more users and establish itself as a leading platform in the industry.
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