Is Rollbit Going to Zero? RLB Price Loses 40% as New Telegram Casino Project Goes Viral – 100x Potential?
After posting three consecutive months of gains, Rollbit Coin (RLB) suffered a dramatic reversal in September, with prices plunging 40% so far amidst declining trading volumes.
With RLB hovering precariously near crucial support levels, investors are left asking whether this selloff marks a bottom or if the coin still has further room to fall in the weeks ahead.
The 20-day EMA for the RLB price currently stands at $0.13552, slightly above the 50-day EMA of $0.13316. Typically, when the short-term EMA crosses above the long-term EMA, it is seen as a bullish sign.
However, the marginal difference and downward price movement suggest caution in this case. The closeness of these EMAs is a sign of volatility and uncertainty in the RLB price, and investors should be wary of making moves based on this indicator alone.
The RSI currently stands at 33.76, down from yesterday's 35.31. This is nearing the oversold territory (an RSI below 30), suggesting that the RLB price may be due for a rebound.
The MACD histogram is at -0.004648, a decrease from the previous day's -0.004289. This growing negative value suggests the bearish sentiment is gaining momentum, which could further affect the RLB price.
The 8.59% drop in market cap to $342.8 million, coupled with the 40.67% decrease in the 24-hour volume to $3.7 million, paints a picture of decreased investor enthusiasm for RLB. This could lead to further declines in the RLB price if this trend continues.
The RLB price currently faces a horizontal resistance zone of $0.11764 to $0.12502, coupled with the Fib 0.618 level of $0.12129. Overcoming this resistance could signal an upward trend.
Simultaneously, an immediate support zone lies between $0.09277 and $0.09888, along with the Fib 0.786 level
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