Is It Too late To Buy Mumu The Bull? MUMU Price Soars 26% As This New Casino ICO Blasts Past $500K In First Week

The Mumu the Bull price has soared 26% in the past 24 hours to trade for $0.00001545 as of 04:50 a.m. EST with trading volume plunging 13%.

The token is an outlier, posting double-digit gains despite the broader market bleed, with the Bitcoin (BTC) price dropping by almost 5%.

With the surge, the MUMU token has merited a position on BiKing Exchange’s list of top five hot tokens, alongside BTC, ZEUS, PEPE, and BONK.

It is likely driven by the recent announcement that it intends to host a gaming tournament for the Meme League. In this endeavor, Mumu the Bull will partner with ESM X, the ultimate tournament platform of both Web2 and Web3.

The announcement said that the tournament will have a prize pool of $5,000 in MUMU, which will be awarded to top participants. MUMU is the bull mascot of the Solana chain, with the team pushing hard with good exchange listings.

According to analysts, the MUMU token is not yet ripe to buy, until such a time when it crosses above the 61.8% Fibonacci retracement level of $0.00001721.

Mumu The Bull Price Prediction As MUMU Token Trends

Mumu the Bull price is consolidating along an ascending trendline, with prospects for more gains. However, the 61.8% Fibonacci retracement level of $0.00001721 offers formidable resistance. It prevents Mumu the Bull price from venturing into the Golden Zone.

The Fibonacci Golden Zone is a key area in price charts that signals potential stabilization or reversal points after significant market movements. Consisting of the 38.2%, 50%, and 61.8% retracement levels, the zone is particularly relevant in crypto trading for predicting price reversals or continuation of trends.

Fibonacci Golden Zone Analysis

When the price of the asset retraces to the Fibonacci Golden Zone after a significant movement, either upward or downward, it indicates a potential area where the price might stabilize or reverse. Traders see this retracement level as a prime zone for making trading decisions, underpinning its importance in technical Analysis.

If the MUMU bulls can haul Mumu the Bull price past the 61.8% Fibonacci retracement level of $0.00001721 it would entice more buy orders. However, confirmation of the uptrend will only take place once the Mumu price records a candlestick close above the 50% Fibonacci placeholder of $0.00002108.

In a highly bullish case, Mumu the Bull price could extend the gains past the 38.2% Fibonacci retracement level of $0.00002494. A candlestick close above this level on the 12-hour timeframe would pave the way for a continuation of the uptrend, potential as high as the $0.00003747 range high. Such a move would constitute a climb of nearly 160% above current levels.

Multiple technical indicators support this thesis, starting with the Relative Strength Index (RSI). This momentum indicator is recording higher lows, suggesting a growing bullish trend and therefore sentiment. The position of the RSI below 70 shows there is more room to the upside before MUMU is considered overbought.

The same is reflected on the Moving Average Convergence Divergence (MACD), which is above the orange band of the signal line. It suggests a bullish sentiment that is growing, also reflected on the Awesome Oscillator (AO), recording green histogram bars in positive territory.

MUMU
TradingView: MUMU/USDT 12-hour chart

Converse Case

On the flip side, if traders begin to cash in on the ground covered over the past few days, Mumu the Bull price could retreat. A candlestick close below the ascending trendline at the $0.00001000 psychological level would invalidate the bullish thesis.

If this happens, the bear could get spooked, kickstarting a sell-off. This could send Mumu the Bull price to the bottom of the market range at $0.00000465.

Traders looking to ride the MUMU train should wait for a decisive candlestick close above the 50% Fibonacci placeholder for confirmation of an uptrend. This would be the ideal entry point to take long positions.

However, if you think you have missed the MUMU train, consider $DICE, a new casino ICO that’s offering a remarkable revenue-sharing opportunity. And it’s just blasted past $500k raised in its first week.

Promising Alternative To MUMU

DICE is a new token on the Mega Dice ecosystem, a renowned crypto casino. DICE serves as the utility token of the platform, enabling users to access premium content, participate in community governance, and redeem exclusive rewards and benefits.

Mega Dice is a rapidly growing global crypto casino brand, boasting upwards of 50K players, according to the website.

It is a veteran of the casino landscape and is now expanding its offering with $DICE, the first GambleFi token on the Solana blockchain.

Early signs point to a strong start to this ICO, with over $506K raised so far. Some 147 million $DICE tokens are reserved for the ICO, over one-third of the total supply.

Mega Dice

Mega Dice’s DICE token runs on the Solana network, which makes SOL the preferred currency for the presale. Mega Dice also accepts Ethereum (ETH) and Binance Chain (BNB), which ensures accessibility for most crypto investors.

Following the presale, Mega Dice will distribute tokens to investors simultaneously with the initial exchange listing. This listing will take place on a decentralized exchange supporting SOL tokens, such as Jupiter or Raydium.

Meanwhile, Mega Dice Casino announced on their X account that they now accept TON for both website and Telegram casino transactions. TON stands out for its reliability, eco-friendly nature, and lightning-fast transactions.

$DICE provides holders with exclusive benefits that include staking rewards, NFTs, and airdrops. And you can now refer users to the Mega Dice presale and earn a generous 10% commission on all referral purchases.

Visit and buy DICE here.

Also Read:

  • Mega Dice Price Prediction – DICE Price Potential in 2024
  • How to Buy Mega Dice Token – $DICE Presale Review
  • Mega Dice Referral Code & Bonus Codes 2024
  • Best Metaverse Crypto Projects: Top Picks for NFT and Virtual World Enthusiasts

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