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The Baby Doge Coin price jumped 10% in the last 24 hours to trade at $0.000000001906 as of 21:17 a.m. EST on trading volume that soared 115% to $12 million.
This comes after Kabosu, the legendary Shiba Inu dog that became the face of meme coin Dogecoin (DOGE), passed away peacefully in Japan on May 24. Dogecoin dropped 3% after the news and Shiba Inu (SHIB) plunged 5.5%, though they have recovered since with gains of 2% and 1%, respectively, in the last day.
Today Kabosu, our community's shared friend and inspiration, peacefully passed in the arms of her person. The impact this one dog has made across the world is immeasurable.
She was a being who knew only happiness and limitless love.
Please keep her spirit and her family in…
— Dogecoin (@dogecoin) May 24, 2024
At the beginning of May, the Baby Doge Coin price went through a retrace to the support level of around $0.000000001632, before recovering to the $0.000000001897 resistance level, data from GeckoTerminal shows.
Baby Doge then went through another retrace to the support level around $0.000000001713 and then back to $0.000000001897, forming a cup and handle pattern.
With the bulls already pushing the price above the cup and handle pattern, Baby Doge Coin is set to register new highs.
Baby Doge Coin Price Set To Sustain Its Rally Over The $0.000000001897 Resistance
BabyDoge is trading well above both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the bullish sentiments. It also shows the potential for Baby Doge to soar even higher, with the 50-day heading on to cross above the 200-day SMA, which may form a golden cross.
Moreover, the Relative Strength Index (RSI) is trading within the overbought region, an indication of intense buying pressure.
The Moving Average Convergence Divergence (MACD) is also bullish, with the blue MACD line crossing above the orange signal line, forming a bullish crossover. The green bars over the neutral line show that Baby Doge Coin is currently on a positive momentum.
Baby Doge Coin Price Prediction
The Baby Doge price analysis shows signs of a breakout from the $0.000000001897 resistance, as the bulls capitalize on the cup and handle pattern to keep pushing the price, currently targeting $0.00000000220.
However, in an inverse scenario, the bears could push the price down to the next support levels around $0.000000001826 and $0.000000001768, which coincide with both the 200-day and 50-day SMAs respectively.
Even as the Baby Doge Coin price prepares for a breakout, some DOGE enthusiasts are pivoting to Dogeverse, a presale that’s offering investors a last chance to buy after raising $15 million.
According to Jacob Bury, a prominent crypto YouTuber, DOGEVERSE has the potential to surge by 100X after its listing on top-tier exchanges.
Dogeverse ICO To End Soon With More Than $15 Million Raised – Last Chance To Buy
Dogeverse (DOGEVERSE) is an innovative project that bridges six blockchains: Ethereum, Binance Smart Chain, Polygon, Avalanche, Solana, and Layer 2 Base.
🌐 Embracing Inclusive Accessibility! 🚀
$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those preferring the rapid, cost-effective benefits of #Solana or #Polygon, fostering a diverse and inclusive community. 🐕🌟 pic.twitter.com/sXPOvaoz67
— DogeVerse (@The_DogeVerse) April 12, 2024
The Dogeverse presale is on the brink of its conclusion, with the final opportunity to participate ending on June 3 at 10 a.m. UTC. Claims will then commence two days later, on June 5, at 10 a.m. UTC.
Get ready to blast off with Cosmo! 🚀🌀
⏳ #Presale ends on June 3rd at 10 AM UTC!
🌐 Claim launches on June 5th at 10 AM UTC!
This is your LAST CHANCE to join Cosmo on his #Blockchain adventures before the official launch! 🌌
Don’t miss out! The clock is ticking! 📣… pic.twitter.com/QwpzWcm947
— DogeVerse (@The_DogeVerse) May 23, 2024
Dogeverse is inspired by Cosmo, a chain-hopping Doge that navigates the blockchain world using Portal Bridge and Wormhole technology to connect the six blockchains.
Investors can earn passively via the platform’s staking option, which offers a 50% annual percentage yield (APY).
You can participate in the presale by buying $DOGEVERSE for $0.00031 per token. Buy soon, though, before the team launches the token on major exchanges.
Buy $DOGEVERSE on the official website here.
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