The Rollbit Coin price surged by 9% in the last 24 hours, trading at $0.1079. This increase adds to a more than 42% rise over the past 7 days.
Rollbit Coin Rise
The Rollbit Coin has formed a bullish channel on the 4-hour chart, achieving multiple higher highs and higher lows over the last 48 hours. The crypto is now attempting to overcome the major resistance level at $0.1181. Closing a 4-hour candle above this level could provide the technical foundation needed for further rise. However, a rejection from the $0.1181 level in the next 24 hours might invalidate the bullish thesis, leading to a potential drop to the immediate support level at $0.1064. Falling below this mark might then lead to declines to $0.0963 and $0.0839.
Technicals Warn of Possible Correction
From a technical perspective, indicators on the 4-hour chart warn that Rollbit Coin is losing some bullish strength. The MACD and RSI indicators are starting to show signs of diminishing buyer strength. The RSI line has dropped from 78 to 70, a classic indication of sellers depleting buyer strength. The crypto is currently overbought. The MACD line is starting to fall towards the MACD Signal line, which could be an early sign of the positive trend coming to an end. If the gap between these two indicators continues to narrow, the Rollbit Coin price could risk entering a new bearish trend.
Popularity of Meme Coins
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Thus, while the Rollbit Coin shows positive momentum, technical indicators suggest a potential correction. Meanwhile, meme coins like MEMEBET Token continue to gain popularity, attracting attention from investors and players.
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