The Solympics price surged 20% in the last 24 hours to trade at $0.003303 as of 03:25 a.m. EST on trading volume that skyrocketed 130% to $3.19 million.
This comes ahead of the Paris 2024 Olympics opening ceremony today, with SOLYMPICS aiming to capitalize on the hype surrounding the event.
Solympics Price To Rally Over The Rounding Bottom
SOLYMPICS price Chart Analysis Source: GeckoTerminal.com
The Solympics price hit yesterday’s target, according to our analysis . However, the price then went down to the $0.0022 support level, before rebounding to the $0.0032 resistance level, forming a rounding bottom pattern, according to data from GeckoTerminal .
SOLYMPICS price still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish rally to the upside.
Moreover, the Relative Strength Index (RSI) is trading up as it closes in on the 70-overbought region, currently at 69, a signal that the asset is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) trades up above the neutral line, an indication of a bullish stance. Furthermore, with the blue MACD line crossing above the orange signal line, represents a bullish crossover.
A bullish crossover, with the green bars on the histogram extending above the zero line, could encourage the bulls to buy more, which could likely push the token up.
Solympics Price Prediction
According to the Solympics price analysis on the 15-minute chart, the price is on a strong bullish momentum as the bulls capitalize on the rounding bottom pattern to push the token up.
As the RSI and MACD offer bullish prospects to optimistic investors, the price of Solympics could soar, as the bulls target $0.004243.
However, with the asset being overvalued, the bears may start booking profits. In this scenario, the price of Solympics may retrace back to the $0.002726 support level in the short-term.
As the Solympics price soars, investors are also rushing to buy another Olympics-themed token called The Meme Games (MGMES) as it rockets past $264K raised in a little more than a week since its presale launched.
According to Austin Hilton, a popular crypto analyst on YouTube with over 272K subscribers, the $MGMES token will be “huge.”
The Meme Games Presale Blasts Past $264K – Best Crypto To Buy Now?
As the 2024 Paris Olympics opening ceremony takes place today, traders are already apeing into a new coin that is the closest crypto has to an official token.
The Meme Games is a novel meme coin project that has emerged with a unique P2E ecosystem. The project involves a gamified presale and offers a chance to interact with the Olympics in a whole new way.
You can choose between meme coin giants PEPE, DOGE, BRETT, TURBO, and WIF to compete as athletes in the blockchain version of the Olympics. Backing the right one results in a 25% bonus on your investment in the token.
You also have a chance to earn passively by buying and staking $MGMES for an annual percentage yield (APY) of 923%.
You can buy $MGMES tokens now for $0.0091 each. With a price hike coming in six days, interested investors shouldn’t wait too long to lock in the best deal.
To join the presale, buy $MGMES from the official website here using ETH, BNB, USDT, or a bank card.
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