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The Dogelon Mars worth plunged over 14% within the final 24 hours to commerce at $0.0000002871 as of 9:56 p.m. EST as traders dump their holdings within the meme coin in the marketplace.
Following the newest drop within the ELON worth, the crypto remains to be up greater than 42% on the weekly timeframe and over 31% on the longer 30-day timeframe.
Dogelon Mars Worth Testing Assist
4-hour chart for ELON/USD (Supply: GeckoTerminal)
The Dogelon Mars worth is testing the assist degree at $0.0000002848 following a sequence of decrease lows and decrease highs on the 4-hour chart. Ought to the meme coin fall under this mark, it might stand the danger of dropping to the following main assist degree at $0.0000002234 within the subsequent 24 hours.
The Dogelon Mars worth closing the following 2 4-hour candles above $0.0000002848 may cease the bearish transfer from persevering with. On this various situation, merchants might find yourself figuring out the crypto’s present worth ranges as a superb purchase alternative. This potential purchase quantity may then push the Dogelon Mars worth up in the direction of $0.0000003397 to probably as excessive as $0.0000004303.
Technical Indicators Recommend The Dogelon Mars Worth May Preserve Dropping
technical indicators on the crypto’s 4-hour chart, there are some warning indicators that present the Dogelon Mars worth drop will not be over but. Merchants will wish to control the Shifting Common Convergence Divergence (MACD) and the Relative Energy Index (RSI), which each level to a continued lower within the Dogelon Mars worth within the coming 24 hours.
RSI readings have regularly dropped from the excessive 70s to the low 50s over the course of the previous buying and selling day, which alerts a discount in purchaser energy. With the damaging slope of the RSI line, it appears bears are nonetheless chipping away at bulls’ collective energy. Ought to the RSI drop under the impartial 50 mark, it might point out that sellers have taken full management of ELON.
A significant bearish technical flag was additionally triggered by the MACD within the final 24 hours, after the MACD line crossed under the MACD Sign line throughout this era. This particular technical occasion is commonly interpreted as a affirmation {that a} crypto has entered a damaging development, with the present rising hole between the 2 strains warning that ELON’s bearish momentum is intensifying.
Whereas the Dogelon Mars worth dangers dropping some extra within the subsequent 24 hours, traders are turning their consideration to a brand new meme coin rival referred to as Flockerz (FLOCK), which is providing one final probability to purchase at itemizing worth earlier than its official launch.
Traders may wish to make the most of this chance to purchase the meme coin at its itemizing worth, given the sequence of bullish predictions made by a number of crypto consultants. 99Bitcoins, a preferred YouTube channel with over 723K subscribers, says that FLOCK has the potential to soar 10X after its launch in simply over 4 days.
Placing Its Group First
Flockerz stands out within the crowded meme coin house due its robust group focus. Powering its mission to place its group first is an modern vote-to-earn mannequin. This consensus mechanism not solely provides each FLOCK holder a say within the challenge’s future route, it additionally rewards traders with further FLOCK tokens for collaborating within the challenge’s governance.
By merely inserting votes within the challenge’s decentralized autonomous group (DAO) referred to as Flocktopia, token holders will obtain FLOCK. Via this monetary incentive, Flockerz ensures that group members keep engaged with the challenge in the long term, which is one thing even non-meme coin tasks wrestle to get proper.
Voting will not be the one manner for token holders to obtain FLOCK. There’s additionally a sexy staking initiative on supply. Anybody who buys and stakes FLOCK now will unlock entry to a 244% APY.
Flockerz Presale Closes On $13 Million
The meme coin’s vote-to-earn method has excited the crypto group, which is obvious by the greater than $12.9 million guess traders have taken on the challenge’s future throughout its presale. With simply greater than 4 days left till the challenge’s declare goes stay, this spectacular increase is prone to rise within the coming days.
🐦 The Flockerz Presale section has ended! 🐦
🔥Wen Launch: Monday January twenty seventh at 2pm UTC
Till then, tokens might be bought on our web site or within the Greatest Pockets app at itemizing worth@BestWalletHQ https://t.co/3NUrHUXJzR$FLOCK Fly Collectively. Developer bulletins on the… pic.twitter.com/DdaJ9nGMb1
— Flockerz (@FlockerzToken) January 22, 2025
Anybody that wishes to get in on the bottom phases of the challenge can achieve this by buying FLOCK by the straightforward purchase widget embedded on its web site. Promoting for $0.0066883, the crypto might be purchased with each crypto or financial institution card.
Buy FLOCK right here earlier than its launch in 4 days.
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