Is It Too Late To Buy GUMMY? Gummy Price Soars 21% And This Might Be The Next Crypto To Explode
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The
Gummy
price
has
surged
21%
in
the
last
24
hours
to
trade
at
$0.01618
as
of
7:10
a.m.
EST
on
a
12%
surge
in
trading
volume
to
$6
million.
Gummy
Price
Analysis:
Can
The
Bulls
Sustain
Momentum?
The
Gummy
price
indicates
a
consolidation
phase
as
bulls
have
stopped
the
bears
from
further
profiting
and
are
pushing
the
price
nearly
to
break
above
the
bearish
channel.
The
bulls
are
gearing
for
an
upward
momentum
at
the
$0.00873
support
zone,
pushing
the
price
to
the
channel’s
upper
trendline.
GUMMYUSDT
Analysis
(Source:
Tradingview)
The
price
market
shows
signs
of
accumulation
above
the
channel,
indicating
that
bullish
investors
are
gearing
up
to
push
the
price
to
reclaim
the
previous
high
and
subsequently
achieve
new
highs.
If
GUMMY
continues
the
momentum,
it
will
create
a
solid
technical
base,
potentially
triggering
a
bull
rally
above
the
channel.
This
situation
prompts
traders
to
consider
opening
long
positions,
anticipating
GUMMY’s
entry
into
a
new
phase
of
upward
price
discovery.
Although
the
price
faces
resistance
below
the
50-day
simple
moving
average,
it
trades
relatively
above
the
200-day
SMA,
indicating
support
for
the
overall
bullish
sentiment.
The
recent
MACD
blue
line
crossing
above
the
orange
signal
line,
while
below
the
neutral
position,
is
seen
as
bullish,
signalling
a
potential
reversal
to
an
upward
trend.
The
green
histogram
bars
further
indicate
intense
buying
pressure
for
the
GUMMY
price.
The
Relative
Strength
Index
remains
bullish
above
the
50
midline
level
to
58.
Its
upward
momentum
indicates
a
favourable
condition
to
enter
the
overbought
territory,
supporting
a
positive
sentiment
for
GUMMY
price.
Gummy
Price
Bulls
May
Push
the
Momentum
Above
The
Bullish
Rally
The
bullish
momentum
behind
the
Gummy
price
indicates
a
potential
upward
drive
supported
by
positive
technical
indicators.
An
increased
moment
should
help
the
bulls
reclaim
the
previous
high
at
$0.1063.
However,
there’s
optimism
that
the
all-time
high
will
be
reclaimed
at
around
$0.2335.
Conversely,
the
bearish
pressure
could
regain
control
and
force
the
trend
below
the
support
zone
to
the
channels’s
lower
trendline
at
$0.0096.
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