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The Dogwifhat price has pumped 47% in the past 24 hours to trade at $0.334 as of 10:36 p.m. EST on trading volume that plunged 16% to $53 million.
Dogwifhat Price Forms A Bullish Pennant Pattern
The Dogwifhat price has experienced a decrease from $0.33, forming a descending triangle pattern and reaching a low of $0.06
However, a sudden surge in bullish momentum led to a new all-time high (ATH) of $0.53. The price then started declining, forming a bullish pennant, suggesting a potential continuation of the bullish trend.
The price remains above the 200-day Simple Moving Average (SMA), providing immediate support for the Dogwifhat price within the pennant.
The Relative Strength Index (RSI) indicates a rebound around the 30 oversold level, surpassing the 50 neutral position, indicating intense buying pressure.
If the bulls gain additional strength, there is potential for the RSI to recover and enter the overbought zone.
Dogwifhat Price Bulls Anticipate A Bull Rally Above The Pennant Targeting $0.60
Bulls are eyeing a significant rise, targeting a 60% increase above the ATH to $0.53. This ambitious target indicates a strong belief in the potential for a significant upward movement above the bullish pennant to $0.60
However, should the bearish momentum sustain, there is a risk of the price slipping below the 50-day SMA, potentially reaching $0.25. A breach of this crucial support level could signify a more protracted downtrend to the $0.18 support zone
Meanwhile, investors looking for alternative coins with growth potential similar to Dogwifhat may find SpongeV2 the best choice for capitalizing on the next Bitcoin bull run.
SpongeV2 Poised For 100X Returns, Buy Fast
Sponge V2 is looking to achieve a 100X return on investment with the upcoming launch, which has attracted significant interest thanks to its groundbreaking ‘Stake-to-Bridge’ mechanism.
🚀 Missed Sponge V1's 100x Success?
With an even larger campaign for #SpongeV2, we’re coming back stronger than ever! 💪
Hurry and stake your $SPONGE tokens today! 🔥$SPONGE #Crypto #CryptoStaking pic.twitter.com/QIo0RMz4LT
— $SPONGE (@spongeoneth) January 6, 2024
The objective for Sponge V2 is to emulate the remarkable achievement of Sponge V1, which experienced a surge of over 2900% after its initial launch, attaining a market capitalization of $100 million and securing listings on over ten centralized exchanges, including LBank, Toobit, and BitMart. Furthermore, the platform has a community of more than 13,000 holders.
Stake V1 Tokens For SPONGE V2
Stake your acquired V1 token to access the new SPONGE V2 token. Once you stake, the tokens will undergo automatic bridging, of which over 4.6 million tokens have been deposited and staked in the bridging contract.
Attention, #SPONGERS! 🧽💦
We’re thrilled to announce that our liquidity is now locked! 🔐
With 4,270,902,045 tokens already staked valued at $3,497,953 with an impressive current 378% APY, $SPONGE is stronger than ever!
Visit our website to find out more! ⚡️#SpongeV2 #Web3 pic.twitter.com/1tYOhx3Lcb
— $SPONGE (@spongeoneth) January 8, 2024
“Sponge Racer,” a play-to-earn game that will be launched soon, is poised to attract new investors and players. The game will be available for all, featuring a free and paid version.
The game is powered by Sponge V2 tokens and integrated into the captivating Bikini Bottom, where you can collect Sponge tokens while undertaking exciting underwater adventures, creating opportunities to explore iconic settings, and unlocking rewarding incentives.
Justin Sun’s $SPONGE Buy Boosts Bullish Sentiment
Tron founder Justin Sun has purchased $SPONGE valued at over $90,000, after he signaled his enthusiasm for trading meme coins and promising projects in May 2023.
This move has heightened bullish sentiment among both investors and traders.
I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023
Jacob Bury, a crypto YouTuber with over 26k subscribers, details how to earn from SpongeV2, predicting huge returns for investors.
In one of his recent videos, he explains how you can acquire and benefit from its new staking features. He also reveals that he holds $1,500 worth of Sponge.
To buy SpongeV2 and participate in the staking process, visit the official Sponge V2 website and link your Web3 wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.
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