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The Monkey Pox price soared 245% in the last 24 hours to trade at $0.07346 as of 7:43 a.m. EST as investors FOMO buy the meme coin.
Over the past 24 hours, the POX price rebounded from an intraday low of $0.05057 to trade at its current level.
The Monkey Pox Price Breaks Multiple Resistance Levels
4-hour chart for POX/USD (Source: TradingView)
The Monkey Pox price has broken through both the $0.03197 and $0.05049 resistance levels in the last 24 hours. POX has now established a new technical barrier at $0.06857 that it will need to overcome to keep its bullish streak going.
Should the meme coin flip the $0.06857 barrier into support, the Monkey Pox price could resume its price discovery phase towards the upside. However, a rejection from this threshold might invalidate the bullish thesis.
Traders will likely start to take profit in this alternative scenario. This potential sell pressure could then lead to POX testing the $0.05049 mark.
Technicals Warn That The Monkey Pox Price Is In Overbought Territory
Technical indicators on POX’s 4-hour chart suggest the meme coin’s bullish momentum shows no signs of slowing down. However, the Monkey Pox price does currently find itself deep in overbought territory, which could result in a correction.
The Moving Average Convergence Divergence (MACD) line is breaking away above the MACD Signal line. This not only suggests that POX is in a positive trend, but also that its bullish momentum is picking up steam.
Traders will, however, want to keep an eye on the Relative Strength Index (RSI) indicator on the 4-hour chart, which is currently valued around the mid 90s. RSI readings above 60 generally signal that a crypto is overbought and are subsequently seen as a sell signal because they indicate that an asset’s downside potential is greater than its upside potential.
It is not unusual for the RSI to remain high when a crypto is pumping. Nevertheless, traders looking to enter a long position might want to wait for the Monkey Pox price to clear the $0.06857 barrier first.
As traders wait to see what the Monkey Pox price will do next, they are rushing to buy the Base meme coin Base Dawgz (DAWGZ) before its DEX launch.
A Multi-Chain Meme Coin Looking To Establish Itself Within The Base Ecosystem
Base Dawgz (DAWGZ) is looking to overtake Brett as the top Base meme coin. What sets it apart from its predecessor is its cross-chain capabilities.
Through its implementation of Wormhole and Portal Bridge technologies, Base Dawgz enables token holders to shift value between some of the most active and liquid networks in the Web3 space with ease.
In addition to the layer-2 Base chain, the networks that are supported by Base Dawgz are the Binance Smart Chain, Solana, Ethereum and Avalanche.
By investing in the token, holders can allocate capital towards yield-generating DeFi opportunities on these chains as soon as they enter the market. Investors won’t even have to swap out their tokens first to start earning.
Base Dawgz’s cross-chain abilities and appeal to meme coin investors has excited crypto analysts and experts.
Popular crypto YouTuber ClayBro is among the growing list of experts who are bullish on the meme coin. In a video to his 130k subscribers, he said that DAWGZ could generate 100x returns for investors.
Investors Get One Last Chance To Buy DAWGZ Before Its Dex Launch
Base Dawgz has raised over $3.3 million through its successful ICO as the project’s team gears up for the token’s decentralized exchange (DEX) listing. Initially set to take place in less than 4 hours, the meme coin’s DEX listing has been postponed to Sept. 5 at 6 p.m. CET.
Purchases on the Solana network will no longer be possible after the ICO’s initial deadline is reached.
However, investors will still be able to purchase Base Dawgz on the supported EVM compatible chains including Avalanche, Binance Smart Chain, Base and Ethereum up until Sept. 5 at 5 p.m. CET.
🚨 Listen up, $DAWGZ fam 🪂
The DEX launch is set for tomorrow at 6 PM CET!
As we prepare, $DAWGZ purchases on Solana will stop when the current timer expires, but EVM purchases will remain open until the DEX launch. Once the timer runs out, a DEX countdown will appear on our…
— Base Dawgz (@BaseDawgz) September 4, 2024
Anyone looking to get in on the token before it’s too late can do so by acquiring the meme coin via the simple buy widget embedded on the project’s website.
The token is currently selling for $0.008582, which will be its listing price for its DEX launch. Once purchased, investors can also lock up their tokens through the staking page to unlock up to 699% in passive annual rewards.
Buy and stake DAWGZ for up to 699% in annual rewards before its DEX launch.
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