Dice

Solana

Token

Kujira

GambleFi

The Kujira price tumbled 44% in the last 24 hours <a href="https://dexscreener.com/optimism/0x763c9dc392b6befe79fa227056dd9279babb4e14" rel="noopener noreferrer nofollow">to trade at $0.3129</a> as of 04:15 a.m. EST on trading volume that skyrocketed 90% to $7.7 million.
This severe drop was triggered by the liquidation of the Kujira Foundation’s operational wallet. The Foundation had taken on leveraged liquidity positions worth millions of dollars but failed to manage them properly on its own DeFi platform.
The funds used in leveraged positions were intended to enhance liquidity and stimulate activity on their decentralized exchange (DEX).
The team <a href="https://twitter.com/TeamKujira/status/1819013564906053829" rel="noopener noreferrer nofollow">said in a post on X</a> that it takes full responsibility for the incident and apologized for its impact on the token’s price.
Before the liquidation, the Kujira price was trading in a sideways pattern, as KUJI consolidated around $1.04. In the last three days, KUJI has tumbled to trade in a falling channel pattern, fueled by the unraveling of the Foundation’s leveraged bets.
<h2 id="kujira-price-aims-for-a-bullish-trend-reversal">Kujira Price Aims For A Bullish Trend Reversal</h2>
The price of Kujira now trades below both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bearish trend. The 50-day SMA now acts as the immediate resistance level at $0.40, which the bulls need to overcome to push the price above.
Meanwhile, the Relative Strength Index (RSI) is rebounding from below the 30-oversold region as it climbs up, currently at 40, which is an indication that investors are adding to their buying positions. With the token still undervalued, more investors may enter the market at this level.
<figure id="attachment_559876" aria-describedby="caption-attachment-559876" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-559876 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/08/dexscreener.com_KUJI_WETH_2024-08-02_11-14-48.png" alt="Kujira Price Chart Analysis Source: Dexscreener.com&nbsp;" width="1120" height="525" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/dexscreener.com_KUJI_WETH_2024-08-02_11-14-48.png 1120w, https://insidebitcoins.com/wp-content/uploads/2024/08/dexscreener.com_KUJI_WETH_2024-08-02_11-14-48-300x141.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/dexscreener.com_KUJI_WETH_2024-08-02_11-14-48-1024x480.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/dexscreener.com_KUJI_WETH_2024-08-02_11-14-48-768x360.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/08/dexscreener.com_KUJI_WETH_2024-08-02_11-14-48-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/08/dexscreener.com_KUJI_WETH_2024-08-02_11-14-48-83x40.png 83w" sizes="(max-width: 1120px) 100vw, 1120px">
 <figcaption id="caption-attachment-559876" class="wp-caption-text">
 Kujira Price Chart Analysis Source: Dexscreener.com
 </figcaption>
</figure>
The Kujira price analysis shows that the token is on a bearish trend but with signs of a likely bullish trend reversal. The bulls seem to be using the $0.26 support zone to push the price up.
If the bulls stage a reversal at this level, the price of Kujira could soar, as they target $0.76.
Conversely, if the bearish trend is sustained, KUJI could drop further below the channel to $0.20 support in the short term.
As Kujira investors search for more optimistic signals, the Solana GambleFi token <a href="https://insidebitcoins.com/visit/mega-dice-presale" rel="noopener noreferrer nofollow">Mega Dice (DICE)</a> has smashed past $1.67 million in fund raised in its presale.
According to the 99Bitcoins YouTube channel, with over 706k subscribers, $DICE could potentially soar 100X after its launch.&nbsp;
<iframe title="IS MEGADICE THE NEXT 100X CRYPTO PRESALE GEM?! GAMING + CRYPTO" width="640" height="360" src="https://www.youtube.com/embed/bxVYKtZ-vdw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 id="mega-dice-presale-garners-over-1-67-million-next-100x-crypto">Mega Dice Presale Garners Over $1.67 Million – Next 100X Crypto?</h2>
DICE is the native token for Mega Dice Casino, a crypto casino and gaming platform that has over 11,000 active users who lock in more than $50 million in monthly bets.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Haven’t bought <a href="https://twitter.com/search?q=%24DICE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DICE</a> yet? Follow the link below to buy in a few easy steps – not convinced, view our reasons below ⤵️
 BUY <a href="https://twitter.com/search?q=%24DICE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DICE</a> HERE: <a href="https://t.co/E5WFsXQhfQ" rel="noopener noreferrer nofollow">https://t.co/E5WFsXQhfQ</a>
 Current Price: 1 <a href="https://twitter.com/search?q=%24DICE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DICE</a> = $0.100254 🚀
 Here’s why <a href="https://twitter.com/search?q=%24DICE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DICE</a> is set to become the leading GameFi token, outpacing all… <a href="https://t.co/Y3KZDxmkHH" rel="noopener noreferrer nofollow">pic.twitter.com/Y3KZDxmkHH</a>
 — Mega Dice Casino (@megadice) <a href="https://twitter.com/megadice/status/1818591417666531695?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 31, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Users on the platform also enjoy over 4,000 casino games and have access to over 50 sports and eSports betting options.
Token holders can earn rewards through a unique staking model that provides daily payouts based on the casino’s profits.
To join the presale, <a href="https://insidebitcoins.com/visit/mega-dice-presale" rel="noopener noreferrer nofollow">you can buy $DICE on the official website here</a> for $0.100254 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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Kujira Price Prediction: KUJI Plunges 44% As Foundation’s Leveraged Bets Unravel, And Experts Say This Solana GambleFi Token Might 100X

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