The price of the Mother Iggy (MOTHER) token soared by 20% in the last 24 hours, reaching $0.06778 while trading volume dropped by 10% to $14 million. This increase follows the announcement by singer and entrepreneur Iggy Azalea about the launch of her online casino, Motherland, using the MOTHER token in November.
Mother Iggy Price Analysis
The MOTHER/USD trading pair on the 4-hour chart shows a bullish outlook with two key Simple moving averages, the 50-period SMA (around 0.0592) and the 200-period SMA (around 0.0439). According to GeckoTerminal data, the price is trading above both, indicating strong upward momentum. Earlier in the chart, a golden cross occurred when the 50-period SMA crossed above the 200-period SMA, a classic bullish signal that suggests the possibility of sustained upward movement. A round bottom pattern has formed, indicating a reversal from the previous bearish trend to a bullish one.
Mother Iggy Price Indicators
The MACD is slightly bullish, with the MACD average line above the signal line, although there was a minor bearish cross recently, signaling some short-term weakness. The Relative strength index (RSI) is trading at 55.59, indicating neutral market conditions.
Growing Interest in Memebet Casino
Meanwhile, investors are showing interest in the new meme coin casino project, Memebet Casino (MEMEBET Token), which has already raised over $264,000 in early presale funding.
The strong bullish setup for the Mother Iggy token continues, with growing interest in Memebet Casino. Price is expected to rise if it remains above the $0.065 support zone and breaks through $0.071 resistance.
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