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The Dogelon Mars price plummeted 18% in the last 24 hours to trade at $0.0000002470 as of 02:34 a.m. EST on trading volume that plunged 32% to $24.6 million.
Dogelon Mars Price Currently Bearish
The ELON price analysis on the 4-hour chart displays a sharp decline following a significant spike earlier. This parabolic rally faced rejection near the $0.0000005500 level, marking it as a critical resistance.
Following the spike, the Dogelon Mars price entered a downward trajectory, forming a rounded top pattern. This bearish pattern, coupled with the recent breakdown below the 50-period Simple Moving Average (SMA), indicates weakness in momentum.
Currently, the price of Dogelon Mars is trading near the 200-period SMA, which is acting as a dynamic support level around the $0.0000002336 zone. The inability to sustain above the 50-period SMA and the downward slope of the recent price action suggest bearish sentiment. The rounded top further implies sellers are in control.
Meanwhile, the Relative Strength Index (RSI) is at 30.03, indicating oversold conditions. While this could lead to a temporary relief rally, the RSI’s steady decline suggests that bearish momentum remains strong. Traders should monitor if the RSI rebounds above 40 for a potential shift in sentiment.
ELON/USDT Chart Analysis (Tradingview)
ELON Price Prediction
If the price breaks below the 200-period SMA at $0.0000002336, the next immediate support level lies around $0.0000001508. A sustained break below this could push the price toward the $0.0000001000 psychological level.
Oversold RSI conditions may lead to a relief rally. If the price manages to reclaim the 50-period SMA at $0.0000003053, it could target the $0.0000003500 resistance level.
As the ELON price slumps, investors are buying into a new layer-2 Solana meme coin called Solaxy (SOLX). According to 99Bitcoins, a popular crypto YouTube channel with over 723K subscribers, Solaxy has the potential to soar 100X after its launch.
Solaxy Presale Headed For $16 Million In Presale
Solaxy has raised over $15.3 million in slightly more than a month, showcasing remarkable investor demand for the innovative project.
Solaxy is a Solana layer-2 solution that is designed to enhance speed, scalability, and efficiency within the Solana ecosystem. The project addresses key issues such as network delays and transaction failures while simultaneously leveraging Solana’s inherent strengths.
The project also provides an optimized user experience tailored to the growing demands of the blockchain industry while focusing on performance and customization.
🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.
Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF
— Best Wallet (@BestWalletHQ) December 17, 2024
Additionally, Solaxy bridges Solana with Ethereum, combining the best features of two of the most prominent networks in the crypto space.
By leveraging Ethereum’s liquidity and security alongside Solana’s speed and scalability, Solaxy will create a robust ecosystem tailored to accommodate the growing demands of the decentralized finance (DeFi) and meme coin communities.
Buyers of the SOLX token can also earn passively on the platform, with a flattering 257% APY currently on offer.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens at $0.001616 each using BNB, ETH, USDT, or a bank card.
Buy SOLX here before an imminent price hike in 21 hours to secure the best deal.
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