Is It Too Late To Buy POX? Monkey Pox Price Soars 21% And This Might Be The Next Crypto To Explode

On Sep 9, 2024

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The Monkey Pox price surged more than 21% in the last 24 hours to trade at $0.05585 as of 5:06 a.m. EST.

Investors thinking of buying into POX at this point might want to exercise caution. The project was recently flagged for potential market manipulation due to a large number of tokens being held in one or more unidentified wallets.

According to RugCheck, the top 10 holders of the token have a high ownership. The biggest holder also owns over 65% of the crypto’s supply.

The Monkey Pox Price Forms A Bullish Chart Pattern

4-hour chart for POX/USD (Source: GeckoTerminal)

The Monkey Pox price has recorded multiple higher lows on the 4-hour chart over the past 48 hours, resulting in the formation of an ascending triangle. This specific chart pattern suggests the meme coin’s price could continue to rise in the coming 24 hours.

If this triangle pattern is validated, POX might flip the resistance level at $0.06086 into support. A 4-hour candle close above this technical barrier in the short term might then give the crypto the foundation needed to rise to as high as $0.07890.

However, the Monkey Pox price getting rejected by the $0.06086 resistance level in the next 24 hours could put it at risk of falling to the immediate support at $0.03954. Continued sell pressure if the meme coin drops to this technical crutch might then lead to POX plunging to $0.01986.

Technicals Suggest The Monkey Pox Price Could Soar Soon

From a technical perspective, indicators on POX’s 4-hour chart suggest the altcoin’s price could keep rising in the short term. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing positive signs.

Over the past 24 hours, the MACD line crossed above the MACD Signal line. Traders usually see this technical event as an indication that a crypto has entered a positive trend. With the MACD line rising above the MACD Signal line, it seems POX’s bullish momentum shows no signs of slowing down just yet.

Meanwhile, the current RSI value is above the 50 benchmark. This suggests that buyers have the upper hand against sellers. Although the RSI line’s slope has started to level off to signal a decrease in buyer strength, the ascending triangle pattern and the recent MACD crossover point to a continued rise in the Monkey Pox price.

While POX looks on track to keep its bullish streak going, investors are flocking to Mega Dice (DICE) for potential parabolic gains.

Backed By An Established Brand

Mega Dice (DICE) has a major advantage over other young crypto projects, because it is backed by a rapidly growing casino brand. Now, the platform is looking to expand its offering and enhance its user experience through the launch of a native utility token.

With this new token, investors will gain exclusive access to games on the platform, as well as additional rewards and benefits. Token holders will also be able to earn passively by staking their tokens. Rewards for this staking initiative are partly dependent on the success of the casino platform.

Since the casino already boasts over 50K players, 10K active monthly players and more than $50 million in monthly wagering, DICE investors are likely to start earning rewards from day one.

DICE’s backing by a reputable casino brand and all of the rewards the token offers token holders has analysts and experts excited about the project. In a video to his 11.9K YouTuber subscribers, TodayTrader said that DICE could surge 100X after launch.

Investors Rush To Buy DICE At Presale Prices

Mega Dice has raised over $1.7 million in its blockbuster presale.

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