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The BeerCoin price surged over 13% in the past 24 hours to trade at $0.00051 as of 7:40 a.m. EST as investors bet big on the altcoin.
Following this latest gain, the BEER price has soared 162% in a week and by more than 400% over the past month.
The BeerCoin Price Trying To Flip A Major Resistance Level
4-hour chart for BEER/USD (Source: GeckoTerminal)
The BeerCoin price was able to briefly rise above the $0.0004975 resistance level in the last 4 hours. However, bears started exerting pressure on the altcoin in an attempt to push its price back below this threshold.
Should BEER close a 4-hour candle above $0.0004975 within the next 8 hours, the crypto might have a strong foundation to rise off from in the following 24 hours. Traders could then enter into a long position for the altcoin, which might boost the BeerCoin price to as high as $0.0006304 in the short term.
On the other hand, a rejection from the $0.0004975 barrier in the next 12 hours could invalidate the bullish thesis. In this alternative scenario, the BeerCoin price might test the immediate support at $0.0003783. Continued sell pressure should the altcoin fall to this point could then lead to BEER plunging to as low as $0.0002041 in the following couple of days.
The BeerCoin Price On The Verge Of Triggering A Major Bullish Flag
Technical indicators on BEER’s 4-hour chart suggest the BeerCoin price might continue to climb in the next 24 hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Bollinger Bands (BBANDS) indicators are showing bullish signs.
The MACD line is attempting to cross above the MACD Signal line. These two lines intersecting in the coming 12 hours will trigger a major bullish technical flag. Traders could also see these two lines crossing as an indication that BEER has entered into a short-term bullish cycle.
Meanwhile, the gap between the BBANDS is starting to grow. This signals that the BeerCoin price might have the space needed to rise in the upcoming 24 hours.
Together with these positive technical signs, the BeerCoin price also has the support of an ascending trend line that formed over the past 48 hours. During this time, the BeerCoin price printed a series of higher highs and higher lows. Should this trend continue, BEER could soon close a 4-hour candle above $0.0004975.
While the BeerCoin price gears up for a potential explosion, Base Dawgz (DAWGZ) is charging towards the $1 million mark in its presale.
A New Base Meme Coin With Parabolic Potential
Base Dawgz is the latest meme coin to enter the rapidly-growing Base ecosystem, which is linked to the US crypto exchange titan, Coinbase. An investor frenzy has developed around tokens minted on the layer-2 Base blockchain network over the past few weeks.
DAWGZ is now looking to capitalize on this trend, and potentially overtake itsBase meme coin titan Brett (BRETT), which has skyrocketed over 343% since its launch.
After raising more than $220k within just minutes of its ICO going live, Base Dawgz looks to be on-track to repeat the success of BRETT. Investors continue to buy DAWGZ, collectively pouring over $740k into its presale.
DAWGZ has also caught the attention of analysts. YouTuber Jacob Bury recently analyzed the token’s ability to generate substantial returns for investors.
Beyond just the speculative potential associated with new meme coins, DAWGZ is also backed by powerful cross-chain technology.
Although the token calls the Base network its home, token holders and investors are able to seamlessly shift value via the token across multiple other popular and active networks. These include Ethereum, BNB Chain, Avalanche and Solana.
A Unique Share To Earn Initiative
Base Dawgz is using the power of community in a never-before-seen way. Anyone is able to generate their own affiliate link. Purchases made through the link will then reward the referrer with 10% of the purchase amount in USDT.
The team have also announced an airdrop campaign that is based on a social rewards scoring system. Anyone that wants to build eligibility for the airdrop will need to create an advertisement or marketing content related to Base Dawgz and post it online. Each piece of content will earn points, which can then be redeemed through the airdrop.
Investors looking to buy the meme coin can do so through the simple buy widget embedded on the project’s site using either ETH, SOL, AVAX, BNB, or BASE.
Buyers will want to hurry, though, because the DAWGZ price is set to increase in less than 15 hours.
Purchase DAWGZ here before its price increases.
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