Is It Too Late To Buy SILLY? Silly Dragon Price Soars 33% And This Might Be The Next Crypto To Explode
The Silly Dragon price has soared 33% in the last 24 hours to trade at $0.01533 as of 3:20 a.m. EST on a 179% surge in trading volume to $16 million. Silly Dragon Price Signals A Bullish Reversal The SILLY/USD price action shows a clear parabolic rise in early 2024, followed by a steep correction. After this correction, the price entered a consolidation phase, forming a support level around the $0.010 to $0.012 range, as indicated by the horizontal orange line. The current price is approximately $0.01518, suggesting that the asset is attempting to break out of this consolidation. SILLYUSD Analysis Source: Dextools.io Looking at the moving averages, the 50-day simple moving average (SMA) is sitting at $0.01047, slightly below the current price. If the price continues to stay above it, this could signal the beginning of a bullish reversal. The 200-day SMA, on the other hand, is still higher, at $0.01665, and would likely act as a key resistance level if the price pushes u...