RTR Price Plummets 95% After Trump Jr. Denies Ties, But This Solana GameFi Gem Might Be The Best Crypto To Buy
The RTR price plummeted 95% in the last 24 hours to trade at $0.008408 as of 03:53 a.m. EST on trading volume that rose to 600K.
This comes after Eric Trump (Trump Jr.) denied ties to the Restore The Republic (RTR) token, as he warned they have nothing to do with it.
The price of RTR had earlier skyrocketed to $0.1490 after a now-deleted post from Students for Trump chain Ryan Fournier suggested it was a new official Trump token. After Trump Jr.’s denial, RTR tumbled back soon afterwards.
Can the RTR price recover such a significant drop?
RTR Price Could Recover
After the recent price drop, the Restore The Republic price has now been trading on a sideways pattern, ranging between $0.0050 and $0.017, according to data from GeckoTerminal .
The bulls aim for a breakout above the sideways pattern, as the price now trades above the 50-day Simple Moving Average (SMA). A breakout at this point could push RTR above the immediate resistance level at $0.030 (200-day SMA).
The Relative Strength Index (RSI) now trades up above the 50-midline level, currently at 51, but still indicates that RTR is still in equilibrium. This is a signal that buyers are currently accumulating, which could lead to a breakout in the short term.
If the buying continues, RTR price could break above the $0.0030 resistance as the bulls target $0.050.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
REEFUSDT is Now Available on Futures
Bitget launched REEFUSDT futures on September 20 , 2024 (UTC+8) with a maximum leverage of 50x. Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. REEFUSDT-M perpetual futures: Parameters Details Listing time September 20, 2024 18:30 (UTC+8) Underlying asset REE
Is The Uptober Bull Run Starting? AI Cryptos Jump 8%, Meme Coins Surge 7% As ETH And SOL Soar
MetaCene (MAK): Unlocking Real Value in Virtual Worlds
What is MetaCene (MAK)? MetaCene (MAK) is a play-to-earn game that offers an innovative economic ecosystem where players can earn cryptocurrency and NFTs through various in-game activities. MetaCene provides players with a rich, immersive gaming experience set in a futuristic world where players ca