Ginnan The Cat Price Prediction: GINNAN Takes A 6% Dive As Investors Flock To This Base Meme Coin For Its 837% APY

The Ginnan The Cat price plunged over 6% in the last 24 hours to trade at $0.000004698 as of 7:20 a.m. EST as investors dump the meme coin.

With this recent loss, the GINNAN price is down more than 39% on the weekly timeframe as well.

The Ginna The Cat Price Attempting To Break Out Of A Bearish Channel

4-hour chart for GINNAN/USD (Source: GeckoTerminal)

The Ginnan The Cat price has entered a period of sideways trading as the meme coin attempts to escape a medium-term negative price channel. Currently oscillating between $0.000003902 and $0.000006482, the crypto might be gearing up for a strong move.

Should traders identify GINNAN’s current levels as a buy opportunity, the meme coin might attempt to overcome the immediate resistance level at $0.000006482. Closing a 4-hour candle above this barrier could then give the Ginnan The Cat price the technical foundation needed to rise to the subsequent mark at $0.000009062 in the following 24-48 hours.

The bullish thesis might not be validated if the Ginnan The Cat price falls below the $0.000003902 support level. Falling below this technical safety net could then open up the risk of the meme coin’s price falling to as low as $0.000001691 in the short term.

Technicals Suggest The Ginnan The Cat Price Could Go Either Way

Technical indicators on GINNAN’s 4-hour chart are currently sending mixed signals. More specifically, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are showing contradicting signs.

RSI readings have remained below the crucial 50 benchmark throughout the past trading day, which is usually seen as an indication of bearish strength by traders. This could restrict GINNAN’s upside potential if bulls don’t step in and boost the RSI above 50 soon.

While the RSI shows sellers have a slight upper hand against buyers, the MACD shows that the Ginnan The Cat price is currently in a short-term positive trend. This is evident by the MACD line’s positioning above the MACD Signal line. 

While the Ginnan The Cat price attempts to escape a descending price channel amid mixed technical signals, traders are rushing to buy Base Dawgz (DAWGZ) during its ongoing presale phase.

A Meme Coin Connecting The Base Network To Some Of The Biggest Networks In The Market

Base Dawgz (DAWGZ) is a new meme coin looking to establish itself in the growing Base ecosystem. Unlike other meme coins, the project comes with high levels of utility due to  its cross-chain capabilities. 

With Base Dawgz’s implementation of Wormhole and Portal Bridge technology, the project offers crypto investors a way to seamlessly shift value across some of the most active and liquid networks in the Web3 space. The list of networks includes Solana, Ethereum, Binance Smart Chain, Avalanche and the Layer-2 Base network.

Popular crypto YouTuber ClayBro has been following the project’s ICO progress for a while now, and remains just as bullish on the meme coin. Him and other experts believe the project could take the meme coin space by storm and potentially soar 100X post launch.

Investors Flock To Base Dawgz’ ICO For Its High Staking Rewards

More than $2.9 million has already been sent to Base Dawg’z ICO. A potential factor behind this investor frenzy could be the 837% APY on offer to anyone who buys and stakes the meme coin at this early stage.

After passing $2.9M raised, we're steadily on our way to 3M 🚀 pic.twitter.com/JbZUMgF8yd

— Base Dawgz (@BaseDawgz) August 13, 2024

These high rewards are easy to come by. All investors will need to do is purchase the token using the simple buy widget embedded on the project’s website, and then lock up the tokens via the staking page. 

Selling for $0.007784, DAWGZ’s multi-chain presence means that it can be bought using either BASE, ETH, SOL, BNB, or AVAX. Investors will want to hurry, because the crypto’s value is scheduled to increase in the subsequent stages of its presale. The next price adjustment will take place within the next four days.

Purchase and stake DAWGZ here for the 837% APY before its price increases.

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