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Uniswap Labs has acquired Crypto: The Game, an on-chain Survivor-esque competition, for an undisclosed price, Fortune reported on Monday.
As part of the deal, CTG’s co-founders are joining Uniswap Labs, where they will continue to work on future seasons of the game.
Crypto: The Game, which launched earlier this year, has had some buzz for an on-chain game. NFT passes to enter the competition’s second season sold out in less than 15 minutes, with some of the 800 passes trading at a roughly 40% markup in resale, according to OpenSea data.
SUPER/USDT [4H] Recent Trend: Downtrend and consolidation but I believe this coin will rise in this bull run (yup long run as I'm not a quick cash type guy).
Key Indicators:
1. Moving Averages (MA):
Short-Term: 0.9203 Medium-Term: 0.9239 Long-Term:0.9645 Note: Price below short and medium-term MAs; long-term trend bearish.
2. Cloud:
Price below conversion (0.9413) and base (0.9817) lines; cloud above price suggests resistance.
3. Bollinger Bands (BB):
Upper Band: 0.9817 Lower Band: 0.9114 Note: Price near lower band, indicating potential oversold conditions but low volatility.
Moving Averages (MA): Short-Term (7-day): $37.700 Medium-Term (25-day): $38.425 Long-Term (99-day): $40.291 Note: Short and medium-term MAs close, possible consolidation. Long-term MA higher, indicating long-term uptrend.
Cloud: Conversion Line: $37.700 Base Line: $38.425 Note: Price around the conversion and base lines, indicating potential consolidation. Price near the cloud suggests indecision.
Bullish: If the price breaks above $38.425, the next resistance levels are at $39.516 and $40.291. Bearish: If the price falls below $37.334, look for support around $33.911 and near the trend line around $32.000.
Actions:
Long Positions: Consider entering if the price breaks above $38.425 with strong volume. Set take profits around $39.516 and $40.291. Place stop-loss orders below $37.334.
Short Positions: Consider entering if the price falls below $37.334. Look for targets around $33.911 and $32.000. Set stop-loss orders above $38.425. $BTC
Moving Averages (MA):The price is above all three moving averages (7,25,99), which is typically a bullish signal indicating an uptrend.
Cloud: The price is above the cloud, indicating a bullish trend. The conversion line is above the base line, which is another bullish signal.
Bollinger Bands
Upper Band: 0.000037200 Middle Band (SMA 20): 0.000027000 Lower Band: 0.000018356 What It Means: The price is near the upper Bollinger Band, suggesting the asset might be overbought, meaning the price could correct downwards.
Volume SMA 9: 152.147 High trading volume during price increases confirms bullish interest. The volume has generally supported the price rises.
RSI (14): 68.83 An RSI near 70 indicates the asset is approaching overbought conditions, suggesting a potential for a price pullback.
Stochastic RSI : %K (14,3,3): 65.73 %D (14,3,3): 59.60 What It Means: The Stochastic RSI indicates bullish momentum but is nearing the overbought territory, which may lead to a price correction.
(ADX): An ADX above 25 indicates a strong trend. At 42.42, it confirms that the current bullish trend is strong and likely to continue.
Summary
Overall Trend: The price is in a strong uptrend, as indicated by several bullish signals.
Bullish Indicators: Price above moving averages,cloud, and strong ADX.
Potential Overbought Conditions: RSI and Bollinger Bands suggest the asset might be nearing overbought conditions, indicating a possible price correction.
Volume Consideration: While trading volume has been high, a recent decrease in volume could signal weakening momentum.
Conclusion
FLOKI/USDT shows a strong upward trend, supported by multiple bullish indicators. However, signs of overbought conditions suggest caution, as a price correction could occur. Keep an eye on RSI and volume changes for potential reversal signs.
Be careful of the $BTC though he is the King afterall.
Moving Averages (MA): Short-Term (7-day): 0.3366 Medium-Term (25-day): 0.3012 Long-Term (99-day): 0.3874 Note: The current price of 0.4015 USDT is above the short-term and medium-term MAs, indicating a potential bullish trend. Watch for resistance at the long-term MA.
Cloud: The price is above the Conversion and Base Lines, which is a bullish signal, but the cloud above the price suggests future resistance.
Bollinger Bands (BB): Upper Band: 0.4028 Lower Band: 0.2323 Note: The price is near the upper band, indicating potential overbought conditions.
Volume: 9-day average: 19.095M: High volume indicates strong buying interest.
RSI (14-day): Value: 79.23 Note: The RSI is in the overbought territory, suggesting the asset might be overvalued and a pullback could occur. Stochastic RSI: %K: 100.00 %D: 98.97 Note: Both values are in the overbought range, reinforcing the possibility of a pullback.
Volume Oscillator (5-day,10-day): Value: 35.85%: Higher current volume supports the price increase. ADX (14-day):Value: 32.21: Indicates a strong trend.
Next Price Prediction:
Bullish: If the price stays above the short and medium-term MAs and the Cloud lines, it could rise further. Watch for resistance around 0.3874 (long-term MA) and near the upper Bollinger Band at 0.4028.
Bearish: A pullback might happen if the price fails to break the upper Bollinger Band. Look for support around 0.3366 (short-term MA) and 0.3012 (medium-term MA).
Actions:
Long Positions: Consider taking profits if the price exceeds the upper Bollinger Band or set stop-loss orders around 0.3874 (long-term MA).
Short Positions: Look for reversal signals near resistance levels or if the volume decreases.
Note: Always consider market conditions (main BTC) before making any trades.