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The Baby Doge Coin price surged 11% in the last 24 hours to trade at $0.000000001818 as of 04:20 p.m. EST on trading volume that skyrocketed 415% to $90 million.
BabyDoge is the top gainer among the biggest 100 meme coins by market cap, with titans like DOGE and SHIB both down slightly in the last 24 hours. PEPE has climbed 6% in the same time frame.
Baby Doge Price Set For A Sustained Rally Over Its Current Resistance Level
The Baby Doge Coin price went on a retrace in May, dropping from the $0.000000002010 resistance and finding support around $0.0000000016. This support allowed investors to push the token’s price back to the resistance level, before retracing back to the $0.000000001807 support level, as data from GeckoTerminal shows.
The price fluctuations within the $0.000000002010 resistance allowed BabyDoge to form a cup and handle pattern as the bulls aimed at capitalizing on the pattern to propel the token even higher. However, the bears negated the bullish outlook as they pushed the token down to support around $0.0000000017.
BabyDoge currently shows a bullish bias, with the bulls aiming to push the token over the $0.000000002010, with the Moving Average Convergence Divergence (MACD) line (blue) crossing over the signal line (orange). The bullish crossover encourages optimistic investors to add to their buying positions, possibly pushing the token’s price higher toward the resistance zone.
However, BabyDoge trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the current retrace from its resistance level.
Baby Doge Coin Price Prediction
Despite the Baby Doge Coin price being up in the last 24 hours, the token still trades below its resistance level. However, the token’s analysis shows a bullish bias, as the bulls aim to use the formation of the cup and handle pattern to push the token to the next resistance level around $0.0000000023.
Conversely, the bears could keep pushing the token down, with the bulls possibly retreating to the next support zone around $0.0000000017, acting as a cushion against downward pressure.
As the Baby Doge Coin bulls aim for a bullish trend reversal, many DOGE meme coin enthusiasts are also buying the Doge derivative ICO PlayDoge as it strives to replicate DOGE’s success.
According to Jacob Bury, a prominent crypto analyst on YouTube, PLAY has the potential to soar 10X after its launch.
PlayDoge ICO Presale Hurtles Past $4 Million – Best Alternative To Buy Now?
PlayDoge (PLAY) has raked in $4 million in slightly more than two weeks since its ICO exploded onto the crypto scene.
PlayDoge combines the iconic Doge meme with the beloved Tamagotchi game from the 90s, creating a fun virtual gaming experience where players play to earn the game’s native token, $PLAY.
Don’t ghost your #Doge or it’ll die 👻
Feed your Doge, earn rewards, and level up. No mazes, just fun!#Presale has launched! 🙌#PlayDoge #P2E #Memecoin pic.twitter.com/Fp2sFwycpj
— PlayDoge (@PlayDogeGame) May 31, 2024
With PlayDoge integrating P2E mechanics, players will be able to earn rewards by caring for their pets and taking on adventurous journeys.
The project operates on the BNB Chain, which ensures transaction efficiency and the seamless integration of gaming activities.
Apart from earning rewards through P2E, $PLAY holders can also earn passively by staking $PLAY for an impressive annual percentage yield (APY) of 244%.
You can buy $PLAY tokens for $0.00507 each. With a price hike coming in a less than two days, don’t wait around too long if you want to lock in the best deal.
To join the presale, buy $PLAY from the official website here using BNB, USDT, or a bank card.
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