By Is It Too Late to Buy Rollbit Coin? RLB Price Rockets Up 100% and Launchpad xyz Can Find the Next Crypto to Explode
As the Gamblefi narrative continues to gain traction in crypto markets, leading iGaming-themed coin Rollbit (RLB) has surged a jaw-dropping +104% in just 3-days as investors race to take position in the latest pump.
Rollbit (RLB) is the native token for a crypto and NFT casino with more than 1,000+ digital games available for gambling aficionados, but recently the token has seen explosive growth as crypto markets begin to recognise the real utility underpinning this vertical.
Rollbit Price Analysis: Is it too late to buy RLB?
With Rollbit pushing high, RLB is trading at a current price of $0.20 (a 24-hour change of +10.19%).
This comes amid a rally that shows no signs of slowing down, as the 20DMA provides strong support for ongoing price action.
The +104% rally was triggered on August 8 when RLB reclaimed critical support from the 20DMA, and price has now pushed up to touch $0.24 – forming a new all-time high.
As technical structure continues to form a tight ascendant trading channel, all eyes are now on the RSI, which appears to have over-heated significantly on the recent upside swing to display serious bearish divergence at 68.98.
The MACD contrasts this, reflecting the impressive rally momentum with bullish divergence at 0.0023.
Upside targeting at this stage is focused on $0.24 (+16.4%) reaching this level would see a key ceiling of resistance smashed, and price exploration would be back on the menu for RLB.
However, downside risk remains relevant, as price continues to push up away from the 20DMA and with the RSI overheating a return to the moving average at $0.185 (-10.28%) could be on the cards.
This leaves Rollbit with a risk: reward ratio of 1.59, suggesting it is not too late to buy Rollbit with the Gamblefi narrative showing no signs of slowing down.
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.Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
