Is It Too Late to Buy Rollbit Coin? RLB Price Rallies 10% as New Crypto Casino Project Secures $1 Million Fundraising

cryptonews.com:

Despite a volatile October - that has seen the rise of Telegram bots, leading GambleFi token Rollbit (RLB) is poised to explode following a +10% rally, leaving some side-lined investors asking 'is it too late to buy Rollbit'?

This comes as the Rollbit platform is invigorated by an ongoing 'Slotober' - the promotion, which involves the use of new referral codes to establish sub-balances, incentivizes users with a number of game-linked challenges.

And this comes against a backdrop of impressive ecosystem growth, with the introduction of RLB buys and burns this October coming hot on the heels of surging RLB holders (now 10,000+).

As Rollbit's gamblefi platform continues to shine, RLB is currently trading at a market price of $0.15 (+6.25%).

This comes as Rollbit's impressive +10% pump on October 14 saw RLB hammer-up to break above the 20DMA (sat at $0.136), which has provided a supportive foothold for much of recent price action.

Last time RLB pushed above the 20DMA on September 30, the 20DMA provided a 10-day foothold for resistance testing at the upper-trendline.

And in a significant move this morning, RLB has pushed-up higher to mount another support level at $0.14.

However, investors should exercise caution here, as the RSI appears to be rising to a significant over-bought signal with bearish divergence at 56.83.

Meanwhile, the MACD has flipped to 0.00016 - in a show of technical strengthening.

Overall, RLB appears poised for a break-out here, pending a period of consolidation at this higher support level.

This leaves RLB with an upside target above the upper trendline at $0.165 (a possible +8% gain).

While downside risk could see RLB return back to the supportive foothold of the 20DMA at $0.136 (a possible -10.94%).

Rollbit