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The Ethervista price surged 47% in the last 24 hours to trade at $51.33 as of 03:20 a.m. EST on trading volume that jumped 22% to $27.9 million.
Ethervista Price On A Sustained Bullish Rally
The Ethervista price has been on a sustained consolidation phase in October, with VISTA trading within the $7.67 range, according to data from GeckoTerminal. The sideways pattern is now a formidable support level, with the price soaring through a parabolic curve.
VISTA has finally soared gracefully above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a confirmation of the sustained bullish momentum.
The Relative Strength Index (RSI) has entered overbought territory (typically considered overbought above 70), as it currently sits at 83. While an overbought RSI indicates strong buying momentum, it can also signal that a pullback or consolidation might be due soon. However, in strong bull trends, RSI can remain overbought for extended periods.
The MACD line is well above the signal line, and the histogram is also positive, further confirming bullish momentum. This setup generally supports continued upward price movement, but the possibility of a correction increases as the MACD moves into extended territory.
If the current trend sustains, the price of Ethervista could soar, as the bulls target a possible resistance at $70.
VISTAUSD Chart Analysis Source: GeckoTerminal.com
Meanwhile, the RSI is now oversold, signaling that the asset is now overextended and overvalued. This shows that the token is due for a likely price correction. In such a scenario, the Ethervista price could tumble, with $20 acting as the next possible support zone.
As the Ethervista price soars, investors are also rushing to buy a new meme coin casino project called Memebet Casino (MEMEBET Token) as it closes on the $600K mark in presale.
Popular YouTube channel Cryptonews, with over 10k subscribers, says that $MEMEBET Token could see a 100x pump after launch.
Memebet Casino Raises Over $550K – Next Crypto To Explode?
Memebet Casino is an innovative new Telegram and web platform that allows investors to wager using top meme coins for the first time.
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— MemeBet (@Memebetcasino) May 23, 2024
The platform also incorporates an innovative play-to-earn initiative that rewards Memebet Casino users who wager with MEMEBET Token. This means that even if bets don’t go investors’ way, they can still walk away with something.
The more you bet with the $MEMEBET Token, the bigger your rewards.
Early adopters can also benefit from an airdrop campaign by purchasing tokens during the presale and using them once the casino is live.
To join the presale, you can buy $MEMEBET Token on the official website here for $0.0263 using USDT, ETH, or a bank card.
With a price hike coming in less than 3 days, buy soon to lock in the best deal.
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