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The MUNCAT price went ballistic and surged over 57% in the last 24 hours to trade at $0.03583 as of 6:06 a.m. EST as investors buy the meme coin at a rapid pace.
During the past trading session, the altcoin managed to record an intraday high of $0.04049. Some traders have since started to realize their profits. This has resulted in a drop in the meme coin’s price in the past couple hours to its current level.
The MUNCAT Price Could Plunge As A Bearish Pattern Emerges
4-hour chart for MUNCAT/USD (Source: GeckoTerminal)
The MUNCAT price is attempting to overcome the resistance level at $0.03797, but could be at risk of falling soon as a bearish rising wedge emerges on the meme coin’s 4-hour chart. Should the pattern be validated, MUNCAT might pull back to the immediate support level at $0.02965. Continued sell pressure should it fall to this point could then see the crypto drop to $0.01958.
MUNCAT breaking above the $0.03797 technical barrier within the next 12 hours could invalidate the bearish thesis. In this alternative scenario, traders might identify the meme coin as a good long opportunity. This potential buy pressure could lead to the MUNCAT price rising to as high as $0.04673 in the short term.
MUNCAT Price Losing Its Technical Strength
From a technical perspective, indicators on the 4-hour chart suggest the MUNCAT price is losing its bullish strength that ignited in the recent rally. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing signs of diminishing pressure from buyers.
RSI readings have dropped consistently in the last couple of hours. Although the RSI is still valued bullishly above the 50 threshold, the negative slope of the indicator warns that sellers could soon take control of the MUNCAT price to potentially push it down.
Meanwhile, the MACD line has started to fall towards the MACD Signal line on the 4-hour chart. This could be seen as an early indication of MUNCAT’s positive trend coming to an end. An intersection between the MACD and MACD Signal line in the coming 24 hours might suggest a bearish reversal of the meme coin’s bullish trend.
While the MUNCAT price attempts to flip the $0.03797 resistance level into support, investors are rushing to buy Base Dawgz (DAWGZ) at presale prices before its upcoming DEX launch.
Jumping Between Base And Other Leading Blockchain Networks
Base Dawgz (DAWGZ) is unlike any other meme coin that came before it. Looking to repeat the success of its Base predecessor Brett, DAWGZ offers investors and token holders a seamless cross-chain transactional experience.
Powered by Wormhole and Portal Bridge technology, Base Dawgz connects some of the most liquid and active networks in the Web3 space to the layer-2 Base blockchain. The list of supported networks include Avalanche, Solana, Ethereum, and the Binance Smart Chain.
Investors are now able to allocate capital towards DeFi yield-generating opportunities on these chains with ease. Base Dawgz’s cross-chain capabilities have excited experts and analysts, including popular YouTuber ClayBro.In a recent video, he said that DAWGZ is one of the best meme coins to accumulate now while it’s in its ongoing ICO phase.
Investors Rush To Get In On DAWGZ’s 736% APY Before It’s Too Late
Base Dawgz has raised over $3.1 million through its presale so far, signaling strong investor confidence in the project’s future. A possible reason behind this investor frenzy that has erupted around the meme coin could be the 736% APY being offered to anyone who buys and stakes DAWGZ at this early stage.
The $DAWGZ presale has ended!
You are still able to buy the token at listing price if you so wish. Please stay tuned for more info.
DEX launch date: 4 September 2024, 5pm CET 🪂 pic.twitter.com/B9gFx6Yju6
— Base Dawgz (@BaseDawgz) August 28, 2024
With the meme coin’s DEX debut happening in the next 5 days, time is running out for investors to buy the meme coin at presale prices and unlock the high staking rewards. Anyone looking to buy the token and gain access to the passive rewards before the token hits the open market can acquire the token through the buy widget embedded on Base Dawgz’s website.
Selling for $0.008582, DAWGZ can be bought using either BASE, ETH, SOL, AVAX or BNB given the project’s multi-chain presence. Once purchased, the tokens can be locked up via the staking page to unlock the 736% APY.
Purchase and stake DAWGZ for the 736% APY here before its DEX debut.
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