The Rollbit Coin price has risen by 3% in the past 24 hours to $0.1017, and investors have begun to accumulate the coin again. However, if RLB wants to improve its long-term performance, there is still some work to do. After plunging by more than 15% in the past week, the cryptocurrency has lost another 4% in the past month.
Rollbit Coin price approaches resistance level
Rollbit Coin price has been consolidating between $0.0973333659 and $0.1041903945 for the past few days. This sideways trading may soon usher in a strong price action. If this potential move is in the upward direction, RLB may try to flip the $0.1041903945 barrier into support. A 4-hour candlestick close above this level may set the stage for the coin to rise to the target of $0.1119963223 in the next 24-48 hours.
Conversely, if the Rollbit Coin price breaks out and declines, it might lose the $0.0973333659 support. The continued selling pressure might force the value of RLB to $0.0915614616 in the near term.
Weakened Bullish Force May Lead to Rollbit Coin Price Adjustment
Currently, technical indicators on RLB’s 4-hour chart are showing bullish signals, but also showing signs of fading bullish strength. The Moving Average Convergence Divergence (MACD) line is above the MACD signal line. Traders tend to see this as a sign that the cryptocurrency is in a positive trend. Bullish momentum also seems to be gaining strength as the MACD line crosses above the MACD signal line.
However, the relative strength index (RSI) is beginning to contradict the bullish sentiment expressed by the MACD indicator on the 4-hour chart. Although the RSI is above its simple moving average, the gap between the two technical indicators is narrowing. This could be an early sign that the positive trend that RLB has recently been in is about to see a bearish reversal.
As the Rollbit Coin price struggles to maintain its bullish momentum, the Mega Dice presale campaign quickly gained momentum and raised over $333,000 within minutes of its launch.
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Considering that Mega Dice already has 10,000 active monthly users, DICE investors are likely to enjoy generous daily rewards from the start if they lock up their tokens.
There may be another possible reason for the investor frenzy over this new cryptocurrency: anyone who buys DICE during the presale phase can receive early bird rewards.
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Investors who want to get this token at this early stage can buy DICE using BNB, ETH or SOL on the official website. Some holders will receive limited edition NFTs with privileges and rewards. They can also be traded on the market.
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