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The Dogecoin price rose 5% in the last 24 hours to trade at $0.0990 as of 09:02 p.m. EST even as trading volume fell 8% to $428 million.
This comes after Elon Musk’s X TV app beta version was officially launched, allowing users to access the platform directly from their smart TVs. This move is part of Musk’s plan to transform X into an “Everything App,” and potentially positioning it as a rival to YouTube.
The app aims to capitalize on X’s growing video engagement.
Dogecoin Price Aims For A Continued Bullish Trend Reversal
The Dogecoin price has been on a downtrend, trading within the falling channel pattern, as the bears gained control around the $0.114 resistance zone, according to data from GeckoTerminal.
DOGE has now plunged below both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the recent bearish trend.
The Relative Strength Index (RSI) trades up towards the 50-midline level, currently at 48, which is a sign that buying pressure is increasing.
Moreover, the Moving Average Convergence Divergence (MACD) is also climbing towards the neutral zone, which shows that DOGE is on positive momentum. The blue MACD line also crosses above the orange signal line, representing a bullish crossover.
As the RSI and MACD soar, Dogecoin may encounter buying pressure in the coming days, pushing the price of Dogecoin to the $0.1148 resistance zone.
However, if the price of Dogecoin plunges back, DOGE could find formidable support around $0.093.
Meanwhile, investors are being drawn to Base Dawgz (DAWGZ), a meme coin on the Base ecosystem that will debut on a decentralized exchange (DEX) tomorrow, September 4.
According to ClayBro, a YouTube crypto analyst with over 130K subscribers, $DAWGZ “could create millionaires.”
Base Dawgz Presale Amasses $3.2 Million, Best Meme Coin To Buy Now?
Base Dawgz concluded its token presale last week, successfully raising over $3.2 million after a little over two months of fundraising efforts.
The project’s native token, $DAWGZ, will debut on a decentralized exchange (DEX) on September 4 at 5 p.m. CET.
GM to those who GM
You ready for tomorrow $DAWGZ?
— Base Dawgz (@BaseDawgz) September 3, 2024
Base Dawgz brings a unique multi-chain experience that offers seamless interoperability within different blockchains, spanning Ethereum, Solana, Binance Smart Chain, and AVAX. However, the team is set to launch on Base Chain.
Base Dawgz’s staking feature offers investors an impressive 710% annual yield (APY), with 20% of the total token supply set aside for that purpose.
The project will also launch the “Be Social for Airdrop” campaign to reward users with points that can be redeemed for $DAWGZ later. All you have to do is engage with your social media networks on X.
If you want to participate in the presale before its launch in just a little more than a day, you can buy the token now for $0.008582.
Buy DAWGZ tokens on the official website here using ETH, USDT, BUSD, or USDC.
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