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The StarGate Finance price surged 68% in the last 24 hours to trade at $0.8506 as of 7:10 a.m. EST on a 4,806% leap in trading volume to $739 million.
This explosion was prompted by news that Upbit, South Korea’s largest crypto exchange, will list STG.
Upbit has also clarified that STG deposits must be made through the Ethereum network and warned users not to transfer from other blockchains. Trading for STG will be available in South Korean Won (KRW).
StarGate Finance Price Hits $0.8841 Resistance After Strong Bullish Support
The STG price has formed a sharp engulfing candle, propelling the price to the previous resistance level of $0.8841. This movement came after the bulls established strong support at $0.4531, preventing the bears from further profiting after a corrective phase.
STGUSDT Analysis. Source: Tradingview.com
Despite the dip, the bulls have pushed the price higher, sparking a new rally. If this momentum keeps up, it could break through the current resistance level, signalling continued bullish momentum for STG.
Technical indicators also suggest a bullish outlook. The 50-day and 200-day simple moving averages are trading below the current price at $0.5105 and $0.5911 respectively, providing support. If the upward trend continues, these moving averages could rise further, reinforcing the overall bullish sentiment for the StarGate Finance price.
Additionally, the Relative Strength Index (RSI) has bounced back from the midline level of 50 to 75 in the overbought region, indicating strong buying pressure. Sustained momentum could push it higher into the overbought region, reinforcing the initial bull rally.
The MACD also approaches the neutral level in a bullish move, with the blue line crossing above the orange line, indicating positive momentum. Though below the neutral level, the histogram bars are also positive, further contributing to the bullish sentiment.
StarGate Finance Price Bulls May Face A Downturn
If the upward trend continues, STG price bulls could drive the price past $0.8841. This sustained increase in its price suggests it might hit a $1.45 new high soon, marking a significant recovery in its market value.
However, the bulls could face resistance at the $0.8841 high, possibly forming a double-top pattern that could lead to a change in trend to a bearish trend.
If the price struggles to surpass this crucial resistance, the $0.6663 support level would be a safe landing pad for the bulls.
Get Ready: Dogeverse Presale Launch In Three Days! Buy Fast
Meanwhile, as traders are left with a decision to make on STG, investors are flocking to the multi-chain Dogecoin derivative ICO, Dogeverse, for fear of missing out as the token nears its launch on tier-one exchanges soon.
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— DogeVerse (@The_DogeVerse) May 29, 2024
DOGEVERSE is the first meme coin to operate across six blockchains: Ethereum, BNB Chain, Avalanche, Solana, Polygon, and Base.
Get ready to blast off with Cosmo! 🚀🌀
⏳ #Presale ends on June 3rd at 10 AM UTC!
🌐 Claim launches on June 5th at 10 AM UTC!
This is your LAST CHANCE to join Cosmo on his #Blockchain adventures before the official launch! 🌌
Don’t miss out! The clock is ticking! 📣… pic.twitter.com/QwpzWcm947
— DogeVerse (@The_DogeVerse) May 23, 2024
The platform offers investors an attractive native staking program that offers a 44% annual yield. But because the smart contract was deployed on the Ethereum network, only ETH purchases are eligible for staking.
Crypto YouTuber Jacob Bury predicts that Dogeverse could surge 100X when it launches.
Dogeverse’s presale has already raised over $15 million, making it one of the year’s most popular ICOs. It wraps up on June 3rd at 10 a.m. UTC, with the claim process starting on June 5th at 10 a.m. UTC.
If you are interested to buy DOGEVERSE, its tokens are priced at $0.00031. But hurry as the presale closes in less than four days.
Get your DOGEVERSE tokens here. You can buy DOGEVERSE tokens using ETH, MATIC, BNB, BASE, AVAX, SOL, USDT, or a bank card
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