The Taylor Mathis price plunged 40% in the last 24 hours to trade at $0.0002014 as of 11:42 p.m. EST on trading volume of $866K.
This comes as sports better influencer Taylor Mathis becomes embroiled in controversy after the TAYLOR meme coin imploded.
The Taylor Mathis situation with $TAYLOR has gotten very messy.
For quick background, Taylor Mathis is a sports betting content creator and analyst for DraftKings, known widely in sports for her "Walking Bets" videos.
Here's where her story meets crypto (and goes south)
TLDR:… pic.twitter.com/JRfL7cBBKt
— TylerD 🧙♂️ (@Tyler_Did_It) October 24, 2024
Taylor Mathis Price Aims For A Bullish Trend Reversal
The Taylor Mathis price has been on a downtrend since October 19, as the bears took control within the $0.0060 resistance, according to data from GeckoTerminal. The recent price movements have formed a descending triangle pattern, as the bulls aim for a major breakout above.
As a result of the sustained downtrend, the price of Taylor Mathis now trades below both the 50-day and 200-day Simple Moving Average (SMA), confirming the bearish trend.
The Relative Strength Index (RSI) is at 45.60, which is in the neutral zone but closer to oversold territory. This suggests that selling pressure has been dominant, but the lack of oversold readings may mean there’s still room for further decline before a significant bounce.
Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is slightly above the signal line (orange), indicating mild bullish momentum; however, both lines are near zero, suggesting weak overall momentum.
If the bulls are successful to prompt a likely bullish scenario at this level, the price of Taylor Mathis could soar, with the 200-day SMA acting as the next possible resistance level at $0.0023 in the long term.
TAYLORUSD Chart Analysis Source: GeckoTerminal.com
Conversely, if the bears sustain the bearish trend, the Taylor Mathis price may plunge to the next possible support level at $0.00010.
Meanwhile, traders are piling into a new meme coin presale called Flockerz (FLOCK).
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch.
Flockerz Presale Blasts Past $1 Million
Flockerz aims to redefine decentralization in the meme coin world by empowering its community, known as “The Flock,” to shape its future.
At the heart of Flockerz is FlockTopia, a platform where every holder has a voice and earns rewards through an innovative vote-to-earn (V2E) system.
The flock is flying high! We’ve officially crossed $300K! pic.twitter.com/MsLc5PeoyX
— Flockerz (@FlockerzToken) September 28, 2024
Apart from V2E rewards, users can also earn passively through the platform’s staking mechanism, which offers a dazzling annual yield of 1,580%.
To join the presale, you can buy $FLOCK on the official website here for $0.0058628 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.
Buy before a price hike in less than 2 days to secure the best deal.
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