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The Reddit Dog price surged 225% in the last 24 hours to trade at $0.010 as of 03:39 a.m. EST on trading volume that skyrocketed to $24.65 million.
Santiment says SNOOFI continues to gain traction on Reddit and Twitter, with the involvement of popular communities like WallStreetBets, suggesting that the token could become a top contender among meme coins.
Reddit Dog Price Aims For A Sustained Rally
The Reddit Dog price has been on a tear since its launch yesterday, soaring through a markup phase, after which the bulls now struggle to push the price above the $0.013 resistance, according to data from GeckoTerminal.
The price movements today have formed a cup-and-handle pattern as the bulls aim to sustain the upward trend.
SNOOFI now trades above the 50-day Simple Moving Average (SMA), which is a confirmation that the asset is on a bullish trend.
Moreover, the Relative Strength Index (RSI) trades above the 50-midline level, currently at 53, as SNOOFI still remains slightly above the neutral zone.
The Reddit Doge price analysis shows a bullish bias, as the bulls aim to capitalize on the cup and handle pattern to sustain the rally. If the bulls exert more pressure at this level, the price of Reddit Dog could soar, as the bulls target $0.015.
Conversely, if the bears take control of the price, SNOOFI could plunge to the support zone around $0.00721.
As the Reddit Dog price soars, investors are also diversifying into a new Shiba Inu alternative called Shiba Shootout (SHIBASHOOT), which has amassed over $981K in its ongoing presale.
Shiba Shootout Presale Heads Towards $1 Million – Best Meme Coin To Buy Now?
With Shiba Inu now pivoting towards gaming, experts are betting on its new alternative, Shiba Shootout, which aims to follow the success seen by SHIB and possibly outperform it.
Hurry! 🚀 Next price hike is just around the corner!
Join our community NOW and claim your free tokens before it's too late! 🎉
Join us at: https://t.co/Fxf9PWP0gz pic.twitter.com/t8H6MqqhSE
— shibashootout (@shibashootout) July 31, 2024
Set in the heart of the Wild West crypto frontier, Shiba Shootout’s play-to-earn game (P2E) has already been approved by Google Play and the Apple Store in a basic form, which means that its full release, after a major upgrade, is imminent.
The game is built around the town of Shiba Gulch, a bustling digital settlement that resonates with Shiba lovers who come together to challenge each other.
Token holders can earn passively by staking $SHIBASHOOT, which offers a massive 959% annual percentage yield (APY).
99Bitcoins, a crypto channel on YouTube with over 706K subscribers, says that $SHIBASHOOT ”is offering insane rewards.”
If you are interested in participating in the presale, you can buy the SHIBASHOOT token for $0.0199. But hurry as the price will increase in less than four days.
Buy SHIBASHOOT tokens on the official website here using ETH, BNB, USDT, or a bank card.
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