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The price of Dogelon Mars has fallen more than 18% over the past 24 hours to trade at $0.0000002429 USD as of 10:44 PM EST as investors reduce their exposure to the meme coin.
Despite the recent sharp decline in ELON price, the cryptocurrency is still up more than 29% on the weekly time frame and more than 38% in the green on the longer 30-day time frame.
Dogelon Mars price rests on critical support
ELON/USD 1-hour chart (Source: GeckoTerminal)
The price of Dogillon March is commerce A descending price channel appeared on the hourly chart of the meme coin after the cryptocurrency entered a negative sequence in the past few hours. Now, the cryptocurrency is settling at the $0.0000002446 support level. A break below this technical crutch could lead to a drop as low as $0.0000001745 in the short term.
On the other hand, a breakout of the Dogelon Mars price above the descending price channel in the next two hours may trigger a more bullish scenario. In this alternative case, Same angle It may try to reclaim the support at $0.0000002846 mark. A 1-hour candle close above this price point could send it rising to a high of $0.0000003444.
Bulls appear to be regaining control of the Dogelon Mars price
Technically, it appears that ELON’s bearish momentum is calming down a bit. Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators indicate that the price of Dogelon Mars may start to rise in the next couple of hours.
RSI readings are starting to rise from 30 to just below 40. Increasing RSI readings are usually seen as a sign of increasing buyer strength. If the bulls continue to gain strength, it could lead to an increase in the price of Dogelon Mars.
Meanwhile, the MACD line started to rise towards the MACD signal line in the past two hours as well. The narrowing gap between these two lines can be considered an early signal that Elon’s negative cycle is coming to an end. Confirmation that Same angle It may have entered a new bullish phase if the MACD line can cross above the MACD signal line.
Traders may be reducing their exposure to the Dogelon Mars coin, but the same cannot be said for the competing meme coin Mind Baby (MIND)which has already raised more than $2.7 million in pre-sale.
The buying frenzy around the new meme coin comes amid a series of bullish predictions made by cryptocurrency experts. 99Bitcoins, a YouTube channel with over 721,000 subscribers, is among the experts, and says MIND has the potential to rise 20-fold after launch.
The first AI derivative of a major meme coin
Mind of Pepe has a huge competitive advantage in the market since it is the first AI derivative for a major meme brand. Pepe the Frog has been behind some of the best performing meme coin pre-rolls in recent months including Unrestrained Child (PEPU) and Wall Street Call (WEPE)They both raised millions of dollars each.
Now, Mind of Pepe appears to be on track to maintain this bullish trend around PEPE-themed tokens, with the pre-sale raise already reaching over $2.7 million just days after the initial coin offering (ICO) launch.
Unlike many coins that came before it, MIND is packed with benefits. This is due to the powerful AI-powered encryption agent, which is at the heart of the project. Using sophisticated computer models, the agent constantly monitors social platforms like X to identify emerging trends in the cryptocurrency space that could lead to profitable trading opportunities.
After identifying emerging trends that may not yet have been spotted by the broader market, the AI agent then shares insights with the project community through code-gated groups. In addition to monitoring trends, the AI agent will also be able to shape the narrative by actively interacting with the online cryptocurrency community.
Investors are betting big on MIND’s future
The Mind of Pepe pre-sale got off to a strong start and raised nearly $1 million within just the first day of the pre-sale. This upward momentum has continued since then, with the project’s initial coin offering (ICO) price now reaching the $3 million mark.
Anyone wishing to enter the basic stages of MIND can do so by obtaining meme currency through the simple purchase tool included on the project’s website. The cryptocurrency is selling for $0.0031635 and can be purchased using either ETH, USDT, BNB or a bank card.
Buy and stake MIND here for an attractive annual return of 750%.
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