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The Eggdog price skyrocketed 60% in the last 24 hours to trade at $0.003577 as of 02:18 a.m. EST on trading volume that surged 170% to $1.14 million.
This comes as the community behind the token aims at pushing the token through increased buys, the conviction being that the token is poised for a breakout.
Eggdog Price Set To Sustain Its Breakout Above the $0.0017 Support
Following its launch, the Eggdog price surged to an all-time high (ATH) of $0.0189 in December of last year. However, the bulls have since struggled to reclaim this peak, with the price fluctuating downwards before edging upwards towards the resistance level at around $0.016.
Subsequently, the price retraced back to $0.001706, forming a rounding bottom pattern while encountering resistance at $0.0103. EGG then experienced another decline, reaching the $0.001706 support level, thus forming a double bottom pattern.
Currently, the bulls are primed to propel the EGG price higher, having successfully breached the resistance. Moreover, EGG is trading above the 50-day Simple Moving Average (SMA), further validating the bullish trend towards the upside.
Additionally, The Relative Strength Index (RSI) trades upward at 64, which shows that there is a growing buying trend. If the bulls sustain this momentum, the RSI could soar to the 70-overbought region, an indication of intense buying pressure.
The Moving Average Convergence Divergence (MACD) is also bullish, as the blue MACD line crosses above the orange signal line, creating a bullish crossover. A bullish crossover acts as a catalyst for a bullish surge, as it encourages investors to buy more.
Moreover, the green bars extend gracefully above the neutral line, suggesting that EGG is on a positive trajectory. The Average Directional Index (ADX) supports this sentiment, as it trades above level 20, currently at 24, which shows EGG is on a strong bullish trend.
Eggdog Price Prediction – $0.015 In Sight
The Eggdog price analysis indicates that EGG is gearing up for a breakout above the $0.001706 support zone, with the rounding bottom and double bottom patterns acting as the main encouragements to allow the bulls to push the price to the target around $0.0150.
The RSI, ADX, and MACD are all showing positive signs of a bullish trend, offering positive prospects for optimistic investors, who could push the price even further above.
However, with the MACD and RSI showing that EGG is currently overbought, there could be a looming price correction. In such a scenario, the bears could push the price further down to the support zone around $0.001401.
Meanwhile, investors are redirecting their focus towards Sealana, a crypto project currently in its presale phase that is emerging as one of the most talked-about new meme coins on Solana. Experts are suggesting that it holds the potential to skyrocket 10x following its launch.
Sealana: A Promising 10X Potential
Sealana (SEAL) is a new contender in the Solana meme coin market, a token that distinguishes itself through a lighthearted narrative centered on a seal trader.
The token’s branding is based on a charming, chubby seal character who has dived deep into the ‘Solana Sea.” The character, once sleek and agile, has now adopted a sedentary trader’s lifestyle, clustered with the remnant of his trading exploits.
New Meme Crypto ‘Sealana’ Attracts Whales As Solana Price Recovers.
#SolanaMemecoin pic.twitter.com/zqP73U7Mk3— TechStory (@TechStoryin) May 5, 2024
Such a novel concept has fueled a stellar launch, surpassing $252K within days of the presale.
According to Jacob Bury, a crypto analyst on YouTube, SEAL has the potential to surge 10X after launch.
Sealana is a ‘Send SOL’ presale and has no timers, stages, hard caps, or even white paper. This means that the ICO could end at any time, which makes now the best time to buy.
To participate in the presale, you can visit the official website to buy SEAL tokens here. One SOL can purchase 6,900 SEAL, which will be airdropped to investors during its launch.
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