The Cloud price rose 35% in the last 24 hours to trade at $0.2433 as of 00:42 a.m. EST, on trading volume that skyrocketed 604% to $17.2 million.
Cloud Price To Continue Soaring
The Cloud price has been on a tear in the last day, as the bulls won the struggle for dominance around the $0.1682 consolidation zone, pushing the price of Cloud to the $0.2492 resistance level, according to data from GeckoTerminal.
The price movements at this level have formed a double top pattern, encouraging the bears to exert pressure, with CLOUD plunging slightly to the $0.214 support.
CLOUD then experienced intense buying pressure, with the price of Cloud soaring above a falling channel pattern.
The Cloud price now trades well above the 50 and 200 Simple Moving Averages (SMAs) on the 15-minute chart, confirming the bullish trend to the upside.
Furthermore, the Relative Strength Index (RSI) is climbing above the oversold region, currently at 79, indicating that CLOUD is has a lot of backing from buyers as the asset becomes overvalued.
The Moving Average Convergence Divergence (MACD) also supports the bullish trend, as it climbs above the neutral line, showing that Cloud is in a positive trend.
CLOUDUSD Chart Analysis Source: GeckoTerminal.com
According to the Cloud price analysis on the 15-minute chart, the price shows signs of a bullish trend continuation, as the bulls target $0.26.
However, the RSI shows that the asset is currently overvalued, which may prompt the bears to sell. In this scenario, CLOUD could go through a correction, with the 200 SMA acting as the immediate support level at $0.19.
As the Cloud price bulls aim to push the token up, other Base meme coin enthusiasts are buying Base Dawgz (DAWGZ) as it gears up for its decentralized exchange (DEX) launch on Sept. 4, 5 p.m. CET.
Base Dawg Presale Garners Over $3.1 Million – Last Chance To Buy Before DEX Launch
The Base Dawgz presale ended on Aug. 28, after the community raised more than $3.1 million.
While the project is based on the Base blockchain, Base Dawgz brings a unique multi-chain experience, offering seamless interoperability across different blockchains spanning Ethereum, Solana, Binance Smart Chain, and Avalanche.
The $DAWGZ presale has ended!
You are still able to buy the token at listing price if you so wish. Please stay tuned for more info.
DEX launch date: 4 September 2024, 5pm CET 🪂 pic.twitter.com/B9gFx6Yju6
— Base Dawgz (@BaseDawgz) August 28, 2024
The project is also set to launch the “Be Social for Airdrop” campaign to reward users with points. All you have to do is use your X account to create and share memes and other content related to Base Dawgz. After the presale ends, users will be able to exchange these points for the project’s 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 736% annual percentage yield (APY).
Currently, about 38.9% 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 “could create millionaires.”
To participating in the presale, you can buy DAWGZ tokens for $0.008582 each.
Purchase DAWGZ tokens on the project’s official website here using ETH, USDT, BUSD, or USDC.
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