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The Michi price soared 47% over the last 24 hours to trade at $0.2611 as of 6:30 p.m. EST, according to CoinGecko.
Michi Price Review: How is MICHI Doing?
An in-depth analysis shows that the Michi price moves within a horizontal range, marked by the red rectangular box. The range is approximately between $0.22 and $0.28.
The current price is slightly above the range’s midpoint. After reaching a high of around $0.28, the price faced resistance and declined, indicating a potential pullback or correction. However, the price has turned bullish, as evidenced by the latest candlestick, suggesting a possible move back to the upper boundary.
A breakout above the resistance at $0.28 or a breakdown below the support at $0.22 to gauge the next significant price movement. Immediate support is at the lower boundary of the range at $0.22. A stronger support level is also evident at $0.23, which has been tested multiple times.
Looking at other indicators, we see that the Money Flow Index (MFI) is at 42.01, which is below the neutral level of 50. This indicates that the asset is neither overbought nor oversold, suggesting a balanced flow of money into and out of the asset.
On the other hand, the Awesome Oscillator (AO) is slightly negative at -0.0115, showing bearish momentum. The histogram bars have turned red, indicating a possible shift to bearish sentiment.
1-hour MICHI/USD Chart | Source: DEXTools
Meanwhile, investors are flocking to purchase Base Dawgz (DAWGZ), a new Base chain meme coin that has raised close to $2.3 million in its presale.
A Better Alternative?
Base Dawgz aims to challenge Base meme coin titan Brett for supremacy. With its cross-chain capabilities, DAWGZ provides great levels of usefulness, making it a powerful rival.
While the layer two network Base is DAWGZ’s primary residence, the token may also be used on Ethereum, Binance Smart Chain, Solana, and Avalanche. As a result, investors may move money quickly across some of the digital asset space’s most active and liquid blockchain networks.
Renowned crypto YouTuber Jacob Bury says that with its cross-chain interoperability, Base Dawgz might be the next meme coin to soar 100x.
DAWGZ will introduce staking soon, and has set aside 20% of the token supply for that purpose.
Base Dawgz will also be launching a social rewards program that encourages members to share posts about Base Dawgz on their social media.
Every meme and post that’s shared will earn points, which can be exchanged for $DAWGZ tokens when the presale concludes. Base Dawgz followers on X have multiplied to 4,000.
Anyone interested in buying tokens may use the straightforward buy widget on the project’s website. One DAWGZ can be purchased for $0.005534 with BASE, SOL, ETH, AVAX, BNB, or USDT.
But the token’s price will rise in less than two days, so buy soon if you are drawn to the project.
Buy DAWGZ tokens here before the price hike.
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