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The UXLINK price plunged 7% in the last 24 hours to trade at $0.1914 as of 00:35 a.m. EST even as trading volume surged 91% to $34 million.
UXLINK Price Currently Bearish: Can The Bulls Regain Control?
On September 3, UXLINK price entered an uptrend, but the bears soon capitalized on a rounding top pattern, triggering a shift towards a bearish trend, as reported by GeckoTerminal.
Currently, the price of UXLINK has fallen below its 50-day Simple Moving Average (SMA) while still trading above the 200-day SMA, which suggests some lingering bullish pressure.
Additionally, the Relative Strength Index (RSI) has dropped to 38 and continues to decline, signaling increased selling pressure.
The Moving Average Convergence Divergence (MACD) is moving toward the neutral line, reflecting positive momentum.
However, the orange signal line remains above the blue MACD line, indicating a potential bearish continuation.
If the selling continues and the bears maintain pressure, UXLINK price might plunge further to the next support level, $0.1800, in the coming hours.
Meanwhile, investors are rushing to buy a new meme coin on the Base ecosystem called Base Dawgz (DAWGZ), with only a few hours until its DEX launch.
According to Jacob Bury, a crypto analyst and YouTuber with over 42K subscribers, $DAWGZ has the potential to surge 100X after its launch.
Base Dawgz Offering A Last Chance To Buy Before DEX Launch
This is your final opportunity to be part of a potential 100x investment. Base Dawgz, a Shiba Inu-themed meme coin on the Base chain, is set to launch on a decentralized exchange (DEX) today at 6 p.m. CET.
With over $3.3 million in backing already, the upcoming DEX listing offers investors one last chance to acquire $DAWGZ at its initial listing price.
🚀 Base Dawgz Launch
Overview:
We’re launching on both Base & Solana chains, each with its own token contract and liquidity pool.
Here's the full breakdown:🔹 Launch Details:
• Two token contracts: Base chain & Solana chain
• Independent liquidity pools for each chain🔹…
— Base Dawgz (@BaseDawgz) September 4, 2024
With its potential to become the Shiba Inu ($SHIB) of the Base chain and its compelling narrative, $DAWGZ looks well placed to challenge Brett as the top Base meme coin.
GM frens 😢 pic.twitter.com/sIC5uKqdRS
— Base Dawgz (@BaseDawgz) August 5, 2024
While its primary home is Base, Base Dawgz brings a unique multi-chain experience that offers seamless interoperability within different blockchains, spanning Ethereum, Solana, Binance Smart Chain, and AVAX.
Token holders can earn passively through the platform’s staking system, which offers users an impressive 938% annual percentage yield (APY).
You can buy DAWGZ tokens on the official website here for $0.008582 using ETH, USDT, BUSD, or USDC.
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