The world’s largest cryptocurrency exchange by trading volume, announced today that it would list Baby Doge Coin, alongside Neiro (NEIRO) and Turbo (TURBO), for spot trading. The news sparked renewed interest among traders, leading to a rapid price rally for BabyDoge.
According to Binance, trading for the 1MBABYDOGE/USDT pair started at 10:00 UTC today. The exchange also opened deposits for the listed coins one hour prior to the market launch, allowing users to prepare for trading. Withdrawals will be available starting tomorrow, Sept. 17, as scheduled. No listing fees were charged for these assets.
Following the announcement, BabyDoge experienced a dramatic price surge, rising by more than 86% this morning to hit the $0.000000002 mark for the first time in over three months. This marks a strong recovery after the token had faced downward pressure since mid-June, alongside much of the broader cryptocurrency market. Despite some resistance at the $0.000000002 level, the coin has maintained a 57% gain over the past 24 hours.
Currently, BabyDoge is trading at $0.0000000017060, up 59% this morning, with its price breaking through the upper Bollinger Band at $0.0000000013246. This suggests a significant deviation from its typical range, indicating high volatility in response to the Binance listing. However, this could also mean the token is overbought, with a potential retracement on the horizon.
Additionally, the Commodity Channel Index (CCI) for BabyDoge has surged to 549, confirming strong upward momentum. This high CCI reading indicates heightened buying pressure, with trading volumes spiking to levels last seen in late August.