The Water price dropped 9% in the last 24 hours to trade at $0.0009314 as of 03:56 a.m. EST on trading volume that plunged 59% to $50 million.
This comes as Lionel Messi’s earlier endorsement of WATER begins to fade. Messi had promoted Solana-based meme coin WATER on Instagram Stories on Monday, triggering a 350% surge in the Water price.
Messi shared an image displaying Water’s mascot perched on his shoulder, with a link to the project’s Instagram page.
Legendary Brazilian footballer Ronaldinho also shilled the token with a similar image to Messi’s.
The token jumped from $0.00032 to $0.00146 but has since been on a downtrend. However, WATER has been in a choppy state, as the bulls aim for a breakout to continue with the token’s surge, according to data from GeckoTerminal.
Water Price Bulls Target A Bullish Trend Continuation
WATERUSD Chart Analysis Source: GeckoTerminal.com
The Water price is currently on a range, trading within a consolidation phase, as it aims for a breakout above. WATER trades above the 200-day Simple Moving Average (SMA), affirming the possible surge in the coming days.
In a scenario where the bulls push the token over to a breakout, the price of Water could breach the 50-day SMA, which acts as the immediate resistance level around $0.0008478.
Water Price In Equilibrium
The Relative Strength Index (RSI) is rebounding from the 30-oversold region, as it climbs towards the 50-midline level, currently at 46, which shows that WATER is currently in equilibrium.
In a scenario where the bulls push the token over the consolidation, the price of Water could soar higher, targeting $0.0013.
Conversely, if the bears win the struggle at this point, Water could drop to the next support zone around $0.0006910.
A Promising Alternative
Meanwhile, as the Water price bulls gear up for a bullish rally, some investors are turning to the new Base meme coin Base Dawgz (DAWGZ), a token that aims to emulate the success of Base meme coin giant BRETT, which soared over 100X after its launch.
Congrats on hitting $2.4M in the presale, my fellow $DAWGZ!
And massive props to those staking and stacking those sweet rewards! 💪 pic.twitter.com/biYklwo6wC
— Base Dawgz (@BaseDawgz) July 9, 2024
Base Dawgz Presale Garners Over $2.4 Million As It Hurtles Towards The $2.5 Million Mark
Base Dawgz has already amassed over $2.4 million in its presale and is offering a unique multi-chain experience that offers seamless interoperability within different blockchains, spanning Ethereum, Solana, Binance Smart Chain, and AVAX.
While the token considers Base its main home, users can soar through the decentralized world without limits. Base Dawgz achieves this via the latest technology in Web3, including Wormhole and Portal Bridge.
It enables users to transact seamlessly across multiple blockchain ecosystems and provides unparalleled multi-chain functionality.
Users can also benefit from the token’s staking system, which offers an impressive annual percentage yield (APY) of 2,442%. The team is setting aside 20% of the total token supply for staking.
The project is also set to launch the “Be Social for Airdrop” campaign to reward users with points that can later be redeemed for $DAWGZ. All you have to do is use your X account to create and share memes and other content about Base Dawgz.
According to ClayBro, a crypto analyst on YouTube with over 129K subscribers, $DAWGZ “could create millionaires.”
If you are interested to participate in the presale, you can buy the token for $0.0061. But don’t wait around too long because the price will increase in less than six days.
You can buy DAWGZ tokens on the official website here using ETH, USDT, BUSD, or USDC.
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