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The Baby Doge Coin price climbed 9% in the last 24 hours and soared 29% in a week to trade at $0.000000002067 as of 02:56 a.m. EST on trading volume that dropped 19% to $13.62 million.
This comes as the project’s new DAO proposal for 0% transfer/buy/sell fees across the BNB chain went live on April 24. The proposal aims to make it easier for investors to buy the asset.
Exciting news, #BabyDogeArmy! We've heard you loud and clear!
Our new DAO proposal for 0% transfer/buy/sell fees across BNB chain is LIVE! 🌟
Let's make it happen
Vote now and let your voice be heard:https://t.co/j8Yq0uM1SQ pic.twitter.com/Ch4b5hW3g7
— Baby Doge (@BabyDogeCoin) April 24, 2024
Baby Doge Coin Price Set To Soar Over The Resistance At $0.000000002072
The Baby Doge Coin price has been on a downtrend since mid-April, as it went down to find a support around $0.000000001654. This support allowed the bulls to propel the price to the upside, forming a rounding bottom pattern.
BabyDoge bulls aim to use the pattern to surge the price over the resistance around $0.000000002072, which could see the token register new highs.
Additionally, BabyDoge is trading above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish rally to the upside.
The Relative Strength Index (RSI) reading indicates that BabyDoge is overbought at 100, signaling intense buying pressure.
Furthermore, the Moving Average Convergence (MACD) is bullish, as the blue MACD line has crossed above the orange signal line, signaling a bullish crossover. Traders often use this signal to increase their buys, potentially driving the price higher.
The green bars on the histogram extend beyond the neutral line, indicating a positive trend for BabyDoge. The Average Directional Index is at 98, highlighting a very strong bullish trend for BabyDoge.
Baby Doge Coin Price Prediction
The Baby Doge coin price indicates a bullish bias, with the rounding bottom pattern at the $0.000000001654 support. This serves as a base for the bulls to push the price higher as they target prices higher above $0.0000000030.
The movement by the RSI, the MACD, and the SMAs provides bullish prospects for optimistic investors, which could further push the bullish outlook of the price.
However, with BabyDoge’s RSI soaring past the overbought region, it indicates that there could be an incoming price correction. Additionally, the 50-day SMA crosses below the 200-day SMA, forming a death cross at $0.000000002347. This typically encourages bears to exert more downward pressure on the price.
In such a scenario, the price may go down through a retrace back to the next support level at $0.00000001792, which coincides with the 50-day SMA.
Even as the Baby Doge Coin price looks set to surge, meme coin investors are piling into the Dogeverse (DOGEVERSE) presale, which has soared past $11 million in funds raised in just 18 days.
Dogeverse Presale Hurtles Past $11 Million
The project is unique in being built on a multichain network that spans Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.
🌐 Embracing Inclusive Accessibility! 🚀
$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those preferring the rapid, cost-effective benefits of #Solana or #Polygon, fostering a diverse and inclusive community. 🐕🌟 pic.twitter.com/sXPOvaoz67
— DogeVerse (@The_DogeVerse) April 12, 2024
Dogeverse was launched at a strategic time to capitalize on International DOGE Day on April 20, when the hype around all things DOGE reaches fever pitch.
The project’s mascot is Cosmo the Doge, which can hyperjump between crypto networks. This gives $DOGEVERSE the ability to move across chains, making the token more accessible, reducing challenges, and increasing its utility in the meme coin world.
Dogeverse has a staking system that allows holders to earn rewards of 100% annually.
That’s one reason why ClayBro, a prominent crypto analyst on YouTube, says that he has bought the tokens. He also believes Dogeverse will open the door to new possibilities for other dog-themed meme coins.
You can participate in the presale by buying $DOGEVERSE for $0.000302 per token. Buy soon, though, because a price hike is coming in less than 21 hours.
Buy $DOGEVERSE on the official website here using ETH, USDT, or a bank card.
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