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The Basenji price surged 9% in the last 24 hours to trade at $0.07347 as of 03:33 a.m. EST on trading volume that rose 60% to $9 million.
This comes as Base ecosystem meme coins go ballistic, soaring 15% to reach a market capitalization of $2.1 billion, according to CoinGecko. Berf (BERF) was the top gainer with a 175% jump.
Basenji Price Set To Soar Over The Bullish Pennant Pattern
The Basenji price has been in a consolidation phase since May, trading within the $0.020 range, according to data from GeckoTerminal. In June, however, the bulls won the struggle for dominance, with the token soaring through a markup phase to an all-time high (ATH) of $0.105 on June 10.
Since then, the price of Basenji has been fluctuating within a bullish pennant pattern, as the bulls aim to push the token above.
BENJI price trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), an affirmation of the general bullish stance in the long term.
Moreover, the Relative Strength Index (RSI) is rebounding from the 30-oversold levels as it races towards the 70-overbought region, indicating intense buying pressure and continued investor optimism in the last week.
The Moving Average Convergence Divergence (MACD) also shows that the price of Basenji is on a strong bullish stance, with the blue MACD line crossing above the orange signal line, a representation of a bullish crossover.
BENJI price bulls could capitalize on the bullish crossover to add to their buying positions, further pushing the token higher. The green bars on the histogram also support this sentiment, as they extend gracefully above the neutral line.
Basenji Price Prediction
As per the Basenji price analysis, the bulls are currently in a buying frenzy, with the MACD and RSI opening up positions for the bulls to buy more. In this scenario, the bulls could push the price of Basenji over the bullish pennant pattern as they target $0.14.
Conversely, if the bears exert pressure at this level to breach the critical support at $0.05, the bulls may find support at $0.039, coinciding with the 200-day SMA.
While buyers remain bullish on BENJI, the new presale Base Dawgz (DAWGZ) is also attracting optimistic investors as it aims to follow in the footsteps of Base meme coin champion $BRETT.
It has soared over 170X from its all-time low, according to CoinGecko.
Base Dawgz Presale Blasts Past $1.8 Million – Next Big Meme Coin On Base?
The crypto market has a clear preference for dog-themed meme coins, with DOGE, SHIB, WIF, and FLOKI ranking among the top five
Now a new player, Base Dawgz, is quickly gaining traction after raising more than $1.8 million in its presale.
The market looking down?$DAWGZ is just keeps going up up up🛩️ pic.twitter.com/CgyFIG7yxQ
— Base Dawgz (@BaseDawgz) June 18, 2024
DAWGZ is primarily based on the Base blockchain, but it offers a multi-chain experience, and seamless interoperability across various blockchains, including Ethereum, Solana, Binance Smart Chain, and Avalanche.
The project is also set to launch a staking option at a later date, with the team having already set aside 20% of the total token supply for this purpose.
Apart from staking, investors can also earn through the “Be Social for Airdrop” campaign. By engaging on social media, especially on X, users can earn points that they can later redeem for $DAWGZ.
According to Jacob Bury, a crypto analyst and YouTuber, $DAWGX has the potential to surge 100X after its launch.
If you are interested in participating in the presale, you can buy DAWGZ tokens for $0.00527 each. But don’t wait too long because the price will increase in less than five days.
You can buy DAWGZ tokens on the official website here using ETH, USDT, BUSD, or USDC.
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