Category: Crypto News, News

Will The New Listings Help The Memecoin To Explode?

By Published On: June 13, 20242.1 min readViews: 1140 Comments on Will The New Listings Help The Memecoin To Explode?

  • Babedoge is 12.80% up in 24 hours, currently in a downtrend with bulls trying to pullback
  • The Price and Volume moving in the opposite direction indicate more corrections if not controlled
  • Babedoge price is expected to break out upward direction as per its increasing popularity and fundamentals.

The memefi coin Babydoge today swings from being 25% up in the initial sessions to drop to 12% up now with price trading at $0.00000000186. Though the meme coin has released positive fundamentals this week the price could break out of the consolidation phase. 

The Dogecoin-inspired crypto Baby Doge grabbed attention this week with its recent announcement on ownership renouncing on Ethereum, BSC network, and Solana in the pipeline,   followed by new listings on Bybit, BingX, Changenow, Toobit, Blofin, KCex.

Whereas the token is 10% up monthly, today’s pullback can be primarily because of the waning crypto market. Secondly, the increased volatility and selling pressure after the impulse surge has a major impact. A rise in market trends may trigger the upward rally again.

BabyDoge Price and Volume Directions Show Bearish Trend

As seen on the santiments chart the BabyDoge token volume with a 24-hour rise of 1144% is moving against the price direction. This opposite movement indicated a bearish breakout if not pulled towards each other for a alongside movement. 

BabyDog Analysis

In the 1Day babydoge/usdt chart, dogecoin can be seen in consolidation since mid-March and trading in the crucial support and resistance zone, passing through a restest. 

Interestingly the RSI of babydoge is at extreme 100, since march and before, the coin isn’t falling under major corrections despite such high overbought conditions. 

Babydoge token trading above almost all Moving averages forms bullish support for the coin, and MACD in line with the histogram also creates room for upward momentum. 

Can BabyDoge Rally?

Yes, BabyDoge sits on the foothills of the rally to enter into the list of mainstream members like Wif, Pepe, Doge, Floki, and Shib. The project is making consistent fundamental developments and listings, increasing to its holders. 

In the Short term, BabyDoge needs to break out of the upper resistance zone that creates the ability to grow up. In the reverse scene, if the price faces another restest or breaks below the support zone, more corrections can be expected. 

The Long-term analysis shows a bullish trend and any further corrections can be an buying opportunity. 

Source link

Discover more from BIPNs

Subscribe to get the latest posts sent to your email.

Written by : Editorial team of BIPNs

Main team of content of Any type of content should be approved by us.

Share this article:

Share your opinion. And leave a reply within the comments from below.

Discover more from BIPNs

Subscribe to get the latest posts sent to your email.