The Baby Doge Coin price has soared 55% in the last 24 hours to trade at $0.000000001644 as of 6:40 a.m. EST on an 1178% pump in trading volume to $118 million.
The BABYDOGE price surge came after Binance listed the token, along with Neiro (NEIRO) and Turbo (TURBO), for spot trading on its platform on September 16
The news sparked renewed interest among traders, resulting in a swift price rally for BabyDoge.
Binance Spot Listing Update š„
New Listings: $NEIRO, $TURBO, $BABYDOGE
Spot Trading Starts: September 16, 2024, at 10:00 AM UTC
Deposits Open: One hour before trading
Withdrawals Begin: September 17, 2024, at 10:00 AM UTC pic.twitter.com/kLadTa9a4y
ā Open4profit (@open4profit) September 16, 2024
According to Binance, trading commenced at 10:00 UTC today. Deposits for the BABYDOGE and other coins were open an hour before trading began, allowing users to prepare for the market launch.
As per the announcement, withdrawals will be available starting tomorrow, September 17.
Baby Doge Coin Price
The BABYDOGE price action initially shows a consolidation phase from the 8th to the 14th of the month, hovering around $0.0000000010. During this period, the market displayed minimal volatility, indicating a phase of accumulation as traders prepare for a potential breakout.
Following this consolidation, the price has surged sharply, forming a parabolic curve that signifies strong upward momentum. It reached a high of approximately 0.0000000016 but found support around 0.0000000012.
BABYDOGEUSD Analysis Source: Dextools.io
The profit margin between the peak price of 0.0000000016 and the support level at 0.0000000012 suggests a 33% potential gain, making this area an important zone to watch for any revisits of these price levels.
The Simple Moving Averages (50 and 200-period) are trading below the price, thereby acting as immediate support. The 200 SMA also presents a long-term price trend, indicating that BABYDOGE may continue the uptrend in the next few days.
The Moving Average Convergence Divergence (MACD) shows a bullish cross, with the MACD average line crossing above the signal line. This indicates robust buying momentum and the wide divergence between the lines, which reflects significant bullish strength.
The Relative Strength Index (RSI) stands at 100, signalling extreme overbought conditions. This indicates that the asset might be due for a price correction or consolidation, as the market could be overextended.
Baby Doge Coin Price Prediction
The aggressive breakout from the consolidation zone could continue in the next few days. The peak price around 0.0000000016 may serve as a profit-taking zone for early investors, while the support level at 0.0000000012 could be a critical point for re-entry.
Given the RSIās extreme reading, a price correction or retracement is likely, so traders should look for signs of weakening momentum on the MACD or a decline in the RSI before considering sell or short positions.
Buying on pullbacks near the support level of 0.0000000012 could provide a safer entry point if the price dips from the current highs.
Additionally, profit-taking around the peak of 0.0000000016 might be prudent, with stop-loss orders placed below the support level to mitigate risks from significant downturns.
Newly Launched Gamblefi Token Raises Over $236k In Early Funding: Best Crypto To Buy Now?
AsĀ the price of BABYDOGE continues its bullish momentum, the newly launched meme coin Memebet Casino ($MEMEBET Token) has raised over 236k in its presale in less than a week.
According to an analyst on Cryptonews, a popular YouTube channel with over 10K subscribers, MEMEBET Token could soar 100X after its launch.
Memebet Casino is the first online and Telegram-based casino where users can bet using meme coins, and itās targeted at the ādegenā community.
The project offers a variety of casino games, high-stakes betting options, and a sportsbook, all of which are supported by popular meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE).
Built on Ethereumās secure blockchain, Memebet Casino guarantees a transparent and fair gaming experience. With seamless integration into Telegram, players can also enjoy gaming without the need for KYC verification.
All in on $MEMEBET
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Join the presale! š https://t.co/cY4p8PqXzg pic.twitter.com/gkIJbgOXyK
ā MemeBet (@Memebetcasino) September 10, 2024
The $MEMEBET Token plays a pivotal role in the Memebet Casino ecosystem, offering players numerous benefits. By acquiring $MEMEBET tokens, users can unlock significant play-to-earn (P2E) benefits, airdrop rewards, exclusive degen rewards, and VIP perks.
Memebet Casino is also set to launch the Memebet Casino Lootbox, which will feature real-world prizes and valuable casino bonuses.
Wagering with $MEMEBET tokens increases your rewards, and early adopters who purchase tokens during the presale phase will have the chance to participate in an airdrop campaign.
Currently, you can purchase $MEMEBET Tokens for $0.0251. The price is set to increase in less than 19Ā hours, so donāt wait too long to take advantage of the best offer.
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