Is It Too Late To Buy SPIKE? Spike Price Surges 44% And This Might Be The Next Crypto To Explode

The Spike price is up 44% in the last 24 hours to trade for $0.04350 as of 10:15 a.m. EST on trading volume that soared 247%.

With this surge, the SPIKE token became a top gainer on Thursday, with its market capitalization surpassing the $43 million mark.

While optimism abounds, at least one traders say SPIKE is a token that should be added to watchlists.

Meanwhile, cryptocurrency markets are euphoric after the Bureau of Labor Statistics (BLS) published the US Consumer Price Index (CPI) inflation data for June on Thursday, July 11. Per the report, inflation has cooled to 3% in June after the May reading of 3.1%.

The impact of decreased inflation on the crypto market is positive. This is because risk-on assets like cryptocurrencies often react in a bullish manner when the US CPI indicates low or lower-than-expected inflation.

Spike Price Prediction

The Spike price is trading with a bullish bias on the four-hour timeframe, consolidating within an ascending parallel channel. As long as the price remains confined within this technical formation, SPIKE token holders can expect more gains.

Looking at the volume profiles, the nodes flash green to show bullish sentiment abounds in the SPIKE market. In the same way, the Moving Average Convergence Divergence (MACD) is above its signal line and in positive territory. The Relative Strength Index (RSI) is also above the mean level of 50, pointing to prevailing bullish sentiment in the SPIKE market.

Increased buying pressure above current levels could cause the Spike price to overcome resistance due to the upper boundary of the channel. This coincides with the horizontal line of $0.04726. A break and close above this level would clear the path for the continuation of the trend.

The RSI’s position at 64 supports the thesis, showing that there is still more room to the north before the SPIKE token is considered overbought.

GeckoTerminal: SPIKE/USD 4-hour chart

Conversely, a rejection from the upper boundary of the channel could see the Spike price drop. A slip below the centerline of the channel would clear the path for a further downside.

However, if seller momentum increases, the Spike price could fall to a cliff, rolling over below the lower trendline of the channel. A candlestick close below $0.02869 would invalidate the bullish thesis.

Meanwhile, another crypto that’s soaring, albeit in presale, is the new Solana GameFi coin MegaDice (DICE), which has raced past $1.6 million in funds raised.

According to 99Bitcoins, a YouTube channel with over 705K followers, DICE is a presale gem with the potential for 100X gains after launch.

Promising Alternative To SPIKE

DICE is the powering token for the Mega Dice ecosystem , a Solana-based online casino that has been a sensation since its launch in 2023 and is now one of the most popular crypto-oriented online casino and betting platforms.

With the launch of its new DICE token, the project is set to extend its offerings.

The platform already has a user base exceeding 50,000 and 11,000 active players who wager about $50 million every month. It offers over 4000 games from top providers and over 50 sports and eSports.

Its aim is nothing less than to challenge the casino sector titan Rollbit Coin.

Token holders can earn through the platform’s staking option , with the team setting aside 10% of its total 420 million token supply as rewards.

The $DICE token is priced at $0.09093 and it can be bought using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.

Visit and buy Mega Dice tokens here .

Also Read:

• Mega Dice Price Prediction – DICE Price Potential in 2024
• How to Buy Mega Dice Token – $DICE Presale Review
• Mega Dice Referral Code Bonus Codes 2024
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