Rollbit Coin is Going to Zero as RLB Price Drops 10% While XRP20 Surges Past $2.6 Million – How to Buy Early?

cryptonews.com:

As the GambleFi narrative continues to send shockwaves through crypto markets, leading crypto gamling platform Rollbit coin (RLB) appears to be facing a breakdown - and amid the tumble many are asking is Rollbit going to zero?

With markets excited about the growth prospects for crypto projects taking aim at the $63Bn global online gambling space, top online casino projects have exploded across the summer tailing market leader RLB which surged +197% so far this month.

But despite the unhinged growth that could be unlocked by this emerging sector, RLB has been caught in a troubling retracement move that threatens to collapse recent strong technical structure.

Amid the downside price action, RLB is trading low as European markets open on Monday morning, with RLB at a current price of $0.1690 (a 24-hour change of -17.67%).

This brings the sudden retracement move to a current loss of -40% since the recent all-time high at $0.2785.

Worse still, the downside tumble has seen RLB crash through support from the 20DMA at $0.1975 - with this key moving average now threatening to form a layer of local resistance to the topside.

But despite the losses, a strong support level has emerged with historical footing around $0.16, and this appears to be establish well-defended double-bottomed support - a pattern that could signify the end of downside moves for now. 

Indeed, the recent downside slide has cooled-down the RSI, with the key indicator now sat at 44 - signalling bullish divergence as RLB shifts to an oversold valuation.

This could indicate the need for consolidation at this level, as markets recover from the thumping downside move.

The MACD could be seen to reflect this sentiment, with only minor bearish divergence at -0.0032.

Yet, despite