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Cat Own Kimono Price Prediction: COK Soars 18% As Analysts Say This GambleFi ICO Might Be The Next Crypto To Explode

Cat Own Kimono Price Prediction: COK Soars 18% As Analysts Say This GambleFi ICO Might Be The Next Crypto To Explode

InsidebitcoinInsidebitcoin2024/10/11 14:52
By:Insidebitcoin

The Cat Own Kimono price surged over 18% in the last 24 hours to trade at $0.000007227 as of 7:23 a.m. EST as investors rush to buy the crypto .

With the recent gain, the COK price has soared more than 92% in the past week and 326% in a month.

The Cat Own Kimono Price Forms An Ascending Channel

4-hour chart for COK/USDT (Source: TradingView )

The Cat Own Kimono price broke above the $0.000006870 resistance recently and was briefly able to break above the barrier at $0.000008138 as well, but traders quickly pushed the crypto’s price back down. As a result, COK is now resting on the recently-breached $0.000006870 mark.

Over the past 48 hours, the Cat Own Kimono price has printed a series of higher highs and higher lows to form a positive price channel. Should this trend continue, the crypto might soon attempt another challenge at the $0.000008138 barrier. A break above this point could then lead to COK climbing to as high as $0.000009280 in the short term.

However, the Cat Own Kimono price falling out of the bullish price channel in the coming 12 hours could bring an end to the altcoin’s positive streak.

Traders might subsequently book their profits, which could push the Cat Own Kimono price below the aforementioned $0.000006870 mark. Continued sell pressure could see COK plunge to $0.000005410.

Technicals Suggest The Cat Own Kimono Price Might Pull Back

Technical indicators on COK’s 4-hour chart warn the Cat Own Kimono price might undergo a correction soon. More specifically, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are showing negative signs.

A major bearish technical flag was triggered by the RSI indicator in the last few hours when the RSI line crossed below its Simple Moving Average (SMA) line. Now, the gap between the two lines is starting to grow. Traders generally see this as a sign that a crypto is in a bearish cycle and that sellers are growing stronger against buyers.

Meanwhile, the MACD line is falling towards the MACD Signal line. A cross between these two lines in the next 24 hours could confirm that COK’s bullish phase has come to an end.

As technicals flash bearish for COK, investors and traders are flocking to a new meme coin by the name of Memebet Casino (MEMEBET Token), which YouTuber Cilinix Crypto, with 71.2k subscribers, says has the potential to 5x after launch.

An Industry-First In The Meme Coin Space

Up until now, there have been very few opportunities for meme coin investors to grow their portfolios apart from waiting for hype to potentially boost prices. Memebet Token (MEMEBET) offers meme coin lovers the first opportunity to grow their holdings by placing wagers through an online casino platform. 

Investors won’t need to first convert their meme coin bags into a supported currency to start playing on the Memebet token Casino, as is necessary with every other online crypto casino.

Instead, bets can be placed directly with Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), Floki (FLOKI) and Pepe (PEPE). More meme coin options are set to be added. 

In addition to the chance to win big by betting directly with meme coins, the project also offers a play-to-earn airdrop campaign. This means that players can grow their eligibility for upcoming airdrops and rewards by simply placing bets on the online platform.

Investors Rush To Get In On MEMEBET Token At ICO Prices

Investors have already sent more than $434K to MEMEBET Token’s ongoing presale, as investors bet big on the project’s future. One thing that could be pulling investors in is the exclusive holder benefits available to anyone who buys the MEMEBET token. 

Investors who hold the token will unlock bonuses and challenges not available to non-token holders. This could lead to additional crypto gains for MEMEBET Token holders.

Selling for $0.0258, investors can use ETH, BNB, POLY, or bank cards to purchase MEMEBET tokens. Potential buyers will want to act fast because the crypto’s price will increase with each new stage of its ICO. The next price hike will happen in less than 4 days.

Purchase MEMEBET Token here for exclusive rewards and bonuses before its price increases.

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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.

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