As GOLD Token Shoots Up 28,000%, This Viral New AI Coin Just Raised More Than $3.9 Million – 5-Day Countdown Begins
The newly listed GOLD Token has seen a parabolic move so far, skyrocketing over 28,000% from its listing price just yesterday.
After reaching an intraday high of $0.3225, the GOLD Token price has pulled back but remains up substantially.
As traders look for potential buy zone entry levels, the key moving averages on the 5-minute chart provide immediate resistance levels to watch.
The 10 EMA on the 5-minute chart currently sits at $0.1937, acting as the first layer of resistance for the GOLD Token price.
Further above that, the 20 EMA at $0.1935 and the 50 EMA at $0.1927 are the next key exponential moving averages capping the upside for now.
With GOLD Token trading below these EMAs, the price action is indicating continued prevailing selling pressure at these levels presently.
Traders looking to enter new long positions or add to existing ones should look to buy on pullbacks toward support.
The moving averages can be used as areas to potentially take some profits on long positions as well. Meanwhile, a decisive break above the EMA levels would signal resuming strength.
The RSI on the 5-minute timeframe is currently at 48.35, staying below the overbought zone of over 70. This shows GOLD Token price is not overextended to the upside for now and implies potential for further gains.
The RSI dipping back below 50 reflects the recent retracement as well and provides opportunities to buy the dip. With the RSI not overheated, buyers can look to accumulate on pullbacks with upside potential still intact.
If the selling pressure persists and the GOLD Token continues falling from the EMA resistance, the zone between $0.1673 to $0.1782 is the first area of support to watch. This area lines up with previous price action and could attract
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