The Resistance Dog price rose 173%in the last 24 hours to trade at $0.7640 as of 00:49 a.m. EST on trading volume that skyrocketed 933% to $17.8 million.
This comes after French authorities detained Telegram founder and CEO Pavel Durov in relation to a search warrant targeting alleged violations of the encrypted messaging platform.
Even after the arrest, The Open Network (TON), the third-party blockchain protocol on the messaging platform, claims to remain fully operational in the hours after Durovâs arrest.
Statement from the TON Community
Following the recent news related to the Telegramâs founder Pavel Durov, we want to assure everyone that the TON community remains strong and fully operational.
As a community committed to freedom of speech and decentralization, we stand firmlyâŠ
â TON đ (@ton_blockchain) August 24, 2024
TON dropped 23% after the news but has since been in recovery.
Resistance Dog Price Prediction: REDO Price Could Rally
The Resistance Dog price was in consolidation from the beginning of August, trading within the $0.33 range, according to data from GeckoTerminal. The bulls then won the struggle, pushing the price of Resistance Dog to as high as $0.95.
REDO price has been trading within a symmetrical triangle as the bulls aim for a rally above. The price of Resistance Dog trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish trend.
The Relative Strength Index (RSI) trades slightly below the overbought region, currently at 62, which is an indication that the asset is still overvalued.
REDOUSD Chart Analysis. Source: GckoTerminal.comÂ
If the bulls capitalize on the symmetrical triangle and the major indicators, REDO price could soar above, as the bulls target $1.0. Moreover, the 50-day SMA trades above the 200-day SMA, forming a golden cross at $0.34, further supporting the bullish rally.
However, with the asset now overvalued, sellers may start booking profits, which may exert some pressure on the price. In this scenario, the price of Resistance Dog may retrace back to the $0.45 support (50-day SMA).
Meanwhile, investors are rushing to buy the new Base token, Base Dawgz (DAWGZ), before its presale ends in about two days.
Base Dawg Presale Garners Over $3 Million â Last Chance To Buy
With over $3 million raised, Base Dawgz is wrapping up its presale on August 28 at 20:00 UTC.
We reached 3 million, DAWGZ!!!
And we are going to end the presale soon. More details to follow soon đȘ pic.twitter.com/1frFvcX6HV
â Base Dawgz (@BaseDawgz) August 24, 2024
While the project is based on the Base blockchain, Base Dawgz is bringing a unique multi-chain experience offering seamless interoperability within different blockchains, spanning Ethereum, Solana, Binance Smart Chain, and Avalanche.
The project is also set to launch the âBe Social for Airdropâ campaign to reward users with points. All you have to do is use your X account to create and share memes and other content about Base Dawgz. After the presale ends, users will be able to exchange these points for their native token, $DAWGZ.
The team has already set aside 20% of the total token supply for staking. By staking $DAWGZ, users can earn an impressive 787% annual percentage yield (APY).
Currently, about 37.6% of the 1.69 billion presale tokens have been staked, indicating that investors are clearly bullish on Base Dawgz for the long run.
According to ClayBro, a YouTube crypto analyst with over 130K subscribers, $DAWGZ âcould create millionaires.â
If you are interested in participating in the presale, you can buy DAWGZ tokens for $0.007414 each. But donât wait too long because the price will increase in about two days.
You can buy DAWGZ tokens on the official website here using ETH, USDT, BUSD, or USDC.
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