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Jinnan the cat price jumped in As investors sold off the meme coin, it rose more than 6% over the past 24 hours to trade at $0.000004698 as of 7:20 AM ET.
The recent losses have brought GINNAN’s price down more than 39% on a weekly basis.
Ginna The Cat price tries to break out of the downtrend channel
GINNAN/USD 4-hour chart (Source: Gecko Terminal)
that Jinnan the Cat The price has entered a period of sideways trading as the meme coin attempts to break out of its medium-term negative price channel. Currently fluctuating between $0.000003902 and $0.000006482, the cryptocurrency could be gearing up for a strong move.
If traders identify the current level of GINNAN as a buying opportunity, the meme coin may attempt to overcome the immediate resistance level of $0.000006482. Closing the 4-hour candle above this barrier could provide the Ginnan The Cat price with the technical foundation needed to rally to the subsequent mark of $0.000009062 in the next 24-48 hours.
The strength theory may not be validated in the following cases: Jinnan the Cat The price breaks below the $0.000003902 support level. A break below this technical safety net could put the meme coin price at risk of dropping to $0.000001691 in the short term.
On a technical level, the Ginnan The Cat price suggests it could go either way.
Technical indicators on the 4-hour chart of GINNAN are currently sending mixed signals. More specifically, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators are showing conflicting signals.
The RSI reading has remained below the important 50 benchmark throughout the past trading day, which is generally seen by traders as an indication of bearish strength. This could limit GINNAN’s upside potential unless bulls intervene and push the RSI above 50 soon.
The RSI shows that sellers have a slight edge over buyers, while the MACD shows that the Ginnan The Cat price is currently in a short-term positive trend. This is evident by the MACD line being above the MACD Signal line.
As Ginnan The Cat price tries to break out of a descending price channel amid mixed technical signals, traders are rushing to buy. DAWGZ Base It is currently in pre-sale stage.
A meme coin that connects its base network to some of the largest networks in the market.
Base Dawgz (DAWGZ) is a new meme coin that seeks to establish itself in the growing Base ecosystem. Unlike other meme coins, this project offers a high level of utility thanks to its cross-chain capabilities.
By implementing Base Dawgz’s Wormhole and Portal Bridge technologies, the project provides cryptocurrency investors with a way to seamlessly transfer value across the most active and liquid networks in the Web3 space. The list of networks includes Solana, Ethereum, Binance Smart Chain, Avalanche, and Layer-2 Base networks.
Popular crypto YouTuber ClayBro has been following the project’s ICO progress for some time and is equally bullish on MemeCoin. He and other experts believe the project has the potential to take the meme coin space by storm and surge 100x after its launch.
Investors flock to Base Dawgz’s ICO with high staking rewards
Over $2.9 million has already been sent to the Base Dawg’z ICO. A potential factor behind this investor frenzy could be the 837% APY offered to anyone who buys and stakes the meme coin in its early stages.
After raising $2.9 million, we are steadily moving towards $3 million. 🚀 pic.twitter.com/JbZUMgF8yd
— BaseDawgz (@BaseDawgz) August 13, 2024
These high rewards are easy to obtain. All investors need to do is purchase tokens using a simple purchase widget embedded in the project website and then lock up the tokens through the staking page.
The multi-chain presence of DAWGZ, which is sold at $0.007784, means that it can be purchased using BASE, ETH, SOL, BNB or AVAX. Investors should hurry, because the value of this cryptocurrency is set to increase in the subsequent stages of the pre-sale. The next price adjustment will take place within the next 4 days.
If you buy DAWGZ here and invest your stake, you can get an annual return of 837% before the price goes up.
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