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The Doginme price surged over 74% in the last 24 hours to trade at $0.0007830 as of 7:07 a.m. EST as investors rush to buy the meme coin.
The strong 24-hour performance by the DOGINME price comes after the leading US crypto exchange Coinbase added the Farcaster meme coin to its listings roadmap.
Doginme Price Holding On To Support
1-hour chart for DOGINME/USD (Source: GeckoTerminal)
The Doginme price is clinging to the support at $0.0007176, GeckoTerminal data shows. Traders have started to try and push the crypto’s price up in the last hours, as evident by the wick underneath the latest candle. However, a drop below the $0.0007176 support could expose the crypto to the risk of plunging all the way down to $0.0005112 in the short term.
On the other hand, bulls taking control could push the Doginme price above the closest resistance level at $0.0008599. A 1-hour candle close above this technical barrier could then give the altcoin the space needed to rise to the next major mark at $0.0010022.
Doginme Price At Risk Of A Short-Term Correction
From a technical standpoint, indicators on DOGINME’s hourly chart warn the crypto’s price might drop in the next couple of hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flashing bearish.
That’s after RSI readings dropped from above 80 to just above 60 in the last few hours, signaling weakening buyer power.
The line is currently sloped negatively, which suggests sellers are still accumulating strength against buyers and might try to push the altcoin’s price down.
Meanwhile, a major bearish technical flag is on the verge of being triggered by the MACD, as the MACD line attempts to cross below the MACD Signal line on the hourly chart.
Should these two lines intersect, it could confirm that the Doginme price has entered a short-term negative trend. Traders might then react negatively and start to exert pressure on the crypto’s price.
As DOGINME technicals flash bearish and warn of an impending correction, traders are flocking to buy a new meme coin called BTC Bull Token (BTCBULL).
According to 99Bitcoins, a prominent crypto YouTube channel with over 725K subscribers, BTCBULL has the potential to surge 10X post-launch.
A Meme Coin Offering Investors Free Bitcoin
BTC Bull Token is a meme coin unlike those that came before it. With its Bitcoin branding, the crypto aims to support the market leader on its journey to $1 million per coin and beyond.
As Bitcoin soars to new all-time highs, BTCBULL holders stand to gain through BTC airdrops and BTCBULL token burns, which will happen when Bitcoin hits certain price milestones.
The BTC airdrops start when Bitcoin hits $150K, and repeat for every $50k increase in the price thereafter. Meanwhile, BTCBULL tokens will be permanently removed from the supply when Bitcoin reaches $125K, and for every $25k increase after that.
The reduction in the number of BTCBULL tokens in circulation is meant to mimic BTC’s constantly-increasing scarcity. Each burn will reduce supply, putting upward pressure on the price.
This scarcity combined with the demand from investors looking to get in on the BTC airdrops could lead to a BTCBULL price explosion greater than any rally Bitcoin will be able to achieve going forward.
This does not mean that Bitcoin itself won’t climb. Quite the opposite in fact, with the US President pushing for a strategic BTC reserve, the next 4 years under his administration could result in one of the biggest market surges of all time.
This puts the next price milestone at $125K well within reach.
Investors Bet Big On BTCBULL’s Future
BTC Bull Token has managed to raise over $3.6 million in its presale, signaling strong market demand.
Investors can also benefit from a huge 119% annual return on staked BTCBULL tokens.
Interested investors can acquire the token through the widget embedded on the project’s website using either crypto or bank card.
Selling for $0.00241, anyone looking to get in at the best rate will want to act fast given because a price hike is coming in less than 2 days.
Visit the BTC Bull Token website.
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