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The Fwog price has soared 98% in the last 24 hours to trade at $0.03207 as of 7:20 a.m. EST on a 15% drop in trading volume to $43 million.
Fwog Price Analysis: Bulls Break Out Of The Consolidation Zone
The FWOG price has recently broken out of its consolidation phase, showing a steady bullish momentum despite the ongoing struggle between bulls and bears. The bulls have driven the price higher and seem set to reach new highs shortly.
Forming an ascending triangle pattern reinforces this bullish outlook, potentially helping the bulls propel the price to new levels.
FWOGUSD Analysis (Source: Dextools.io)
FWOG is trading above the 50 and 200 Simple Moving Averages (SMAs), indicating positive momentum.
The Relative Strength Index (RSI) is trading upwards, rebounding from 44 below the 50 midline level. The RSI is currently above the 70 overbought level at 74. This indicates intense buying pressure, helping the bulls fly the price high.
Meanwhile, the MACD indicator, although falling, supports the bullish sentiment for the Fwog price, as the increasing green bars and a recent crossover above the signal line has boosted bull traders’ confidence.
Moreover, Since the MACD remains above the neutral level, it could continue the uptrend, favouring the buyers and shifting the momentum back to bullish.
Fwog Price Prediction: Bulls Are Poised To Continue The Momentum
FWOG has support from technical indicators and moving averages, which may help the bulls propel the price to a new high above the ascending triangle. In this scenario, the bulls may push the price to $0.04519.
However, in a converse case, if the bears gain control, the price could drop to the support level of $0.02634.
A Promising Alternative
While Fwog continues its upward momentum, the PlayDoge (PLAY) presale is rapidly approaching $6 million in funding.
PlayDoge (PLAY) is a new meme coin project inspired by the nostalgic 90s Tamagotchi game. The game was a global sensation back then, selling millions of units, and PLAY aims to revive that excitement with a blockchain-based version of the game.
POV: You the week after #Presale ends 🍝 🌅 pic.twitter.com/alc8nfsfMl
— PlayDoge (@PlayDogeGame) July 25, 2024
Unlike the original, where digital pets often died and required a reset, PlayDoge offers a more interactive experience. Players can take care of their virtual pets and earn crypto rewards paid out in PLAY.
The game will be mobile-friendly, allowing players to keep track of their pets and earn rewards even on the go. Additionally, presale buyers can stake their PLAY tokens for an impressive 80% annual yield.
PlayDoge (PLAY) surpasses $5.5M in presale, drawing investor interest with its nostalgic gaming twist and crypto rewards despite a struggling market. https://t.co/QlqvoitfEo pic.twitter.com/Zj0jhrHlMc
— Blockchain Reporter (@blockchainrptr) July 10, 2024
The PLAY presale has garnered significant momentum from YouTubers, with No BS Crypto recently telling its 90.5k subscribers that it ranks PLAY among the top 10 meme coins to watch in 2024.
You can buy PlayDoge on the official website for $0.00525. But hurry if you are interested because a price hike is coming in less than 3 days.
Buy PLAY using ETH, USDT, BNB, or a bank card.
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PlayDoge (PLAY) - Newest Launch On BNB Chain
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