DODO Price Prediction: With the DODO Bird's Legacy, Could It Mirror a Mystery Token's Success?

DODO Price Prediction: With the DODO Bird’s Legacy, Could It Mirror a Mystery Token’s Success?

Updated: 08 August 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The on-chain liquidity provider and Decentralized Finance Protocol, DODO, is enjoying its share of today’s favorable market sentiment. Having tested several prices since launch, the asset is projecting a promising outlook for investors.

The dramatic surge in DODO’s price during the past 24 hours could be attributed to the recent achievements the protocol has attained. If more developments emerge, excitement and adoption for the DODO protocol and token could increase, further boosting the asset’s value.

DODO Hits 30-Day High

DODO surged impressively by 30% in just an hour, driven by anticipation of Binance Futures’ USDⓈ-M DODO perpetual contract scheduled to launch today at midnight UTC.

This news triggered a market-wide rally for DODO, which pushed it to a 30-day high of $0.1301. Throughout this surge, DODO support remained at $0.09704, showcasing the growing confidence in its value.

As of 6:00 am EST on August 8, DODO’s 24-hour price rose by 56% to $0.157, boosting its trading volume by 1369% to $271 million within the same time frame.

While this surge indicated positive sentiment and strong buying interest, the technical analysis could help determine if this Bird coin can enrich investors with more gains.

DODO/USD Daily Chart

According to the chart above, DODO’s green candle stick formation has surged above the Upper Bollinger Bands, indicating increased buying pressure and an overbought market situation in the last 24 hours.

The asset’s Relative Strength Index (RSI) has hit 86 in the overbought zone (above 70). This suggests more price rallies for DODO as it trades today

Also, in the chart above, DODO’s Moving Average Convergence Divergence (MACD) indicator is above the signal line and has bold green histogram bars. This confirms the bullish solid momentum on DODO price since the last 4 days and its potential for more significant surges in the coming days.

While DODO’s market value has spiked, its volatility has also surged, evident in the expanding Bollinger bands. Also, the considerably high RSI indicates robust bullish control, complemented by the MACD in the overbought territory.

Considering this market condition, DODO is prone to price correction in the coming week. Since profit-taking and reevaluation might trigger a short-term pullback or consolidation, traders and investors can safeguard gains during these phases using tight stop-loss orders.

Although this market projects a great time to invest in DODO, traders and investors should consider these overbought conditions before making investment decisions.

Meanwhile, those searching for alternatives to DODO for diversifying their crypto investment portfolio can find interest in this hot-cake meme coin, Shibie.

Crypto World Bombshell-Bitch, Shibie, To The Moon

Shibie Coin (SHIBIE), nicknamed the Crypto World’s Bombshell Bitch, has splashed the cryptocurrency space, sparking enthusiasm and intrigue among investors and enthusiasts.

🚀 First milestone reached on the $shibie #presale! The excitement's building, and it won't be long till we're moon-bound. Get on board now, don't miss the ride! #crypto #launch 🌕https://t.co/0vq6u6CXw2 pic.twitter.com/oSdB5ZFK0v

— Shibie Coin | Live (@ShibieCoin) August 8, 2023

Diverging from the norm, Shibie Coin seeks to bring a vibrant and innovative perspective to the crypto world.

SHIBIE’s launch is garnering massive excitement already, promising to charm the crypto community with its unique approaches. Shibie Coin stands out with its intriguing distribution and value mechanics.

In the presale, 60% of the total $SHIBIE supply will be sold, and 10% will go for centralized exchanges (CEX) listing for accessibility and liquidity.

The project’s team will get 5% of the $SHIBIE coins as an incentive for their work, while 20% will be reserved for future development funding.

The remaining 5% will go for marketing, enhancing the coin’s market presence.

$SHIBIE Hits $208K Today – Is One-Stage Presale Ending Soon?

The one-stage $SHIBIE presale has raised $208K out of its $999K initial valuation, with 6 days left before the conclusion. This short-term success is attracting more investors, highlighting the intense enthusiasm and interest within the crypto community for the forthcoming SHIBIE launch.

With its current token price at $0.000167, SHIBIE offers an appealing chance for potential investors to access and afford the coin early on easily.

Besides affordability and accessibility, becoming part of SHIBIE’s community is simple, only requiring interested participants to buy the coins. By swapping ETH, BNB, or other compatible alternatives, you can buy $SHIBIE and join the community.

Most Searched Crypto Launch - Pepe Unchained

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