{"id":619897,"date":"2025-01-21T04:23:25","date_gmt":"2025-01-21T04:23:25","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=619897"},"modified":"2025-01-21T04:23:25","modified_gmt":"2025-01-21T04:23:25","slug":"dogelon-mars-price-prediction-as-elon-plunges-18-investors-shift-focus-to-this-ai-pepe-derivative-with-750-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogelon-mars-price-prediction-as-elon-plunges-18-investors-shift-focus-to-this-ai-pepe-derivative-with-750-apy","title":{"rendered":"Dogelon Mars Price Prediction: As ELON Plunges 18%, Investors Shift Focus To This AI PEPE Derivative With 750% APY"},"content":{"rendered":"

The Dogelon Mars price plummeted more than 18% in the last 24 hours to trade at $0.0000002429 as of 10:44 p.m. EST as investors decrease their exposure to the meme coin.<\/span><\/p>\n

Despite the recent steep drop in the ELON price, the crypto is still more than 29% up on the weekly time frame and over 38% in the green on the longer 30-day time frame.<\/span><\/p>\n

Dogelon Mars Price Resting On A Critical Support<\/span><\/h2>\n

\"ELON<\/p>\n

1-hour chart for ELON\/USD (Source: <\/span>GeckoTerminal<\/span>)<\/span><\/p>\n

The Dogelon Mars price is trading<\/a> in a descending price channel that has emerged on the meme coin’s hourly chart after the crypto entered into a negative sequence in the last few hours. Now, the crypto is resting on the $0.0000002446 support level. A drop below this technical crutch might lead to a plunge to as low as $0.0000001745 in the short term.<\/span><\/p>\n

On the other hand, the Dogelon Mars price breaking out above the descending price channel in the coming couple of hours could lead to a more bullish scenario playing out. In this alternative case, the <\/span>meme coin<\/span><\/a> could try to reclaim the support of the $0.0000002846 mark. A 1-hour candle close above this price point might then lead to a climb to as high as $0.0000003444.<\/span><\/p>\n

Bulls Seem To Be Taking Back Control Of The Dogelon Mars Price<\/span><\/h2>\n

From a technical standpoint, it seems ELON’s bearish momentum is starting to cool off slightly. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators suggest the Dogelon Mars price might start to climb in the next couple of hours.<\/span><\/p>\n

RSI readings have started to rise from 30 to just below 40. Increasing RSI readings are normally seen as a sign of growing buyer strength. If bulls continue to gain power, it could lead to an increase in the Dogelon Mars price. <\/span><\/p>\n

Meanwhile, the MACD line has started to rise towards the MACD Signal line in the last couple of hours as well. The narrowing gap between these two lines could be seen as an early indication of ELON’s negative cycle coming to an end. A confirmation that the <\/span>meme coin<\/span><\/a> has entered a new bullish phase could be if the MACD line manages to cross above the MACD Signal line.<\/span><\/p>\n

Traders might be decreasing their exposure to Dogelon Mars, but the same cannot be said for meme coin rival <\/span>Mind of Pepe (MIND)<\/span><\/a>, which has already raised over $2.7 million in presale.<\/span><\/p>\n

The buying frenzy around the new meme coin comes amid a series of bullish predictions delivered by crypto experts. 99Bitcoins, a YouTube channel with over 721K subscribers, is among the experts, and says MIND has the potential to soar 20X after launch.<\/span><\/p>\n