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The AMC price is up 9% in the past 24 hours to trade for $0.0000001555 as of 01:05 a.m. EST.
Based on the outlook on the four-hour timeframe, the altcoin is consolidating within a falling wedge pattern, setting the stage for a bullish reversal. With this, traders are anticipating a big move soon.
🚨BREAKING🚨$AMC is trending for a massive move! pic.twitter.com/CKrMeZVKkk
— PatientWhale (@PatientWhale) July 1, 2024
A falling wedge pattern in crypto trading is a technical chart pattern that can indicate a potential bullish reversal. It is formed when the price consolidates between two downward-sloping lines that converge toward each other. This pattern typically suggests that selling pressure is weakening and that a breakout to the upside may occur.
AMC Price Prediction With a Bullish Reversal Pattern in Play
The AMC price is trading with a bullish bias, confronting the upper trendline of the falling wedge. The market is leaning in favor of the bulls, as seen with the position of the Relative Strength Index (RSI) above the mean level of 50.
The Moving Average Convergence Divergence (MACD) is also in positive territory, reinforcing the bullish outlook.
If the bulls increase their buyer momentum, the AMC price could shatter resistance due to the upper trendline. This breakout could see the AMC price make a run north, potentially as high as the $0.0000004000 psychological level.
In a highly bullish case, the gains could extrapolate for the altcoin to reclaim the peak of the market range above the $0.0000007000 psychological level.
GeckoTerminal: AMC/USD 4-hour chart
On the other hand, a rejection from the upper trendline could see the AMC price drop to test the lower trendline of the wedge at $0.0000000646. This could provide another buying opportunity for late and sidelined bulls before the AMC price records another leg up.
In the dire case where the support floor fails to hold, the AMC price could slip lower for a sweep of the liquidity residing underneath.
Elsewhere, experts say new Base chain meme coin Base Dawgz (DAWGZ) might be the best crypto to buy now. It’s already raised over $2.3 million and Jacob Bury, an influential crypto analyst and YouTuber, anticipates 100X potential for DAWGZ as meme coins on Base take the spotlight.
Promising Alternative To AMC
DAWGZ powers the Base Dawgz ecosystem, whose primary home is the Base chain. Despite this, the project brings a unique multi-chain experience, offering seamless interoperability within different blockchains. These include Ethereum, Solana, Binance Smart Chain, and AVAX.
It leverages the latest technology in Web3, including Wormhole and Portal Bridge to ensure that users can easily soar through the decentralized world without limits.
As such, users can transact seamlessly across multiple blockchain ecosystems and have unparalleled multi-chain functionality.
We are here to liberate you memers!
Ascend into the skies with us🛩️ $DAWGZ pic.twitter.com/eqMe6lwj3K
— Base Dawgz (@BaseDawgz) June 26, 2024
One exciting developments for Base Dawgz is the upcoming launch of its staking protocol. Investors participating in the presale before the staking launch will receive a bonus retroactively if they stake their tokens after staking is launched. This unique incentive will reward early adopters. The team has set aside 20% of the total token supply for staking.
The project is also set to launch the “Be Social for Airdrop” campaign to reward users with points that can later be redeemed for $DAWGZ. All you have to do is engage with social media networks on X.
GM $DAWGZ 🌤️ pic.twitter.com/AONs79dWZX
— Base Dawgz (@BaseDawgz) June 28, 2024
If you are interested in participating in the presale, you can buy DAWGZ tokens for $0.00581 each. But do not wait too long because the price is set to increase in subsequent stages of the ICO.
Visit and buy Base Dawgz here.
Also Read:
- How to Buy Base Dawgz Token – $DAWGZ Presale Review
- Base Dawgz Price Prediction – DAWGZ Price Potential in 2024
- Best Base Chain Meme Coins To Buy – 2024 Guide
- Upcoming Crypto Presales: Unlock Early Investment Opportunities!
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
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