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The Mini Donald price skyrocketed over 129% in the last 24 hours to trade at $0.008366 as of 7:30 a.m. EST as investors rush to buy the meme coin.
This recent surge in the BARRON price comes after current US President Joe Biden mistakenly referred to Ukrainian President Volodymyr Zelensky as “President Putin” during remarks.
The Mini Donald Price Forms A Positive Price Channel
1-hour chart for BARRON/USD (Source: GeckoTerminal)
The Mini Donald price has recorded multiple higher highs and higher lows on the 1-hour chart over the past few hours. This has resulted in the formation of a positive channel, and enabled BARRON to overcome the resistance level at $0.004725. It also managed to briefly break above $0.006723, but traders quickly forced the meme coin’s price back below this threshold.
Should BARRON close a 1-hour candle higher than $0.006723 within the next 6 hours, the crypto might have the foundation needed to keep climbing. Traders could subsequently push the Mini Donald price to as high as $0.009055 in the following 24 hours.
On the other hand, the Mini Donald price failing to close an hourly candle above $0.006723 within the next 6 hours might invalidate the bullish thesis. In this alternative scenario, the meme coin could be at risk of falling to the recently-breached $0.004725 mark.
Falling below this key price point will place the Mini Donald price outside of the ascending price channel. As a result, the meme coin could plunge to the next key support at $0.002394 in the short term.
Technicals Suggest The Mini Donald Price Is Losing Some Of Its Strength
Technical indicators on BARRON’s 4-hour chart suggest that bulls currently have the upper hand against bears. However, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are starting to show signs of diminishing buyer strength.
Over the past couple of hours, the RSI has started to level off above 74. Traders usually see such high RSI readings as a sign that a crypto is overbought. This is mainly because high RSI readings warn that a crypto’s downside potential is greater than its upside potential. The recent leveling off of the RSI could signal that some traders have started to short BARRON.
Meanwhile, the MACD line has started to collapse towards the MACD Signal line as well. Although the current orientation of these two technical indicators suggests the Mini Donald price is in a short-term bullish phase, the narrowing gap between the two lines could be an early warning of an upcoming bearish trend reversal.
While BARRON pumps, investors are also flocking to PlayDoge (PLAY) for potential parabolic gains.
Bringing A Gaming Classic To The Meme Coin Space
PlayDoge (PLAY) is looking to establish itself in the vibrant meme coin ecosystem. To stand out among the rest, the project will bring back the viral 90s Tamagotchi game. Back in the day, these digital pets were a global hit with millions of units sold worldwide.
Repeating the success of the game will be a major task, which is why PlayDoge will introduce gameplay that is much more engaging compared to that of the legacy version.
By combining blockchain and crypto technology, players will be able to earn crypto rewards paid in PLAY for ensuring their virtual pets get enough food, love and sleep.
PlayDoge will also come with mobile support, which will enable players to interact with their companions while on the move. This could result in more rewards for players.
With PlayDoge’s meme coin appeal and its mission to bring back a gaming sensation, it’s easy to see why renowned YouTuber ClayBro is bullish on the project.
In a recent video, he told his 130,000 subscribers that the token could almost double its presale value and surge to $0.01 this year. He also projected PLAY might surge 100X.
Investors Bet Big On PLAY’s Future
More than $5.6 million has been sent to PlayDoge’s presale, and investors continue to buy into the meme coin at a rapid pace. Beyond the meme coin’s speculative potential, there is also an 88% APY that might be pulling investors in at this early stage.
Anyone that wants to get in on these rewards can do so by acquiring the token via the simple buy widget embedded on the project’s website. Selling for $0.00518, the meme coin can be bought using either BNB, ETH, USDT or bank card.
Potential investors will want to hurry because PLAY’s price is scheduled to increase in less than 2 days.
Purchase and stake PLAY tokens here.
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