Dogelon Mars Price Falls 18% As Trader Pivot To This AI PEPE

The Dogelon Mars price plummeted more than 18% in the last 24 hours to trade at $0.0000002429 as of 10:44 p.m. EST as investors decrease their exposure to the meme coin.

Despite the recent steep drop in the ELON price, the crypto is still more than 29% up on the weekly time frame and over 38% in the green on the longer 30-day time frame.

Dogelon Mars Price Resting On A Critical Support

1-hour chart for ELON/USD (Source: GeckoTerminal)

The Dogelon Mars price is trading in a descending price channel that has emerged on the meme coin’s hourly chart after the crypto entered into a negative sequence in the last few hours. Now, the crypto is resting on the $0.0000002446 support level. A drop below this technical crutch might lead to a plunge to as low as $0.0000001745 in the short term.

On the other hand, the Dogelon Mars price breaking out above the descending price channel in the coming couple of hours could lead to a more bullish scenario playing out. In this alternative case, the meme coin could try to reclaim the support of the $0.0000002846 mark. A 1-hour candle close above this price point might then lead to a climb to as high as $0.0000003444.

Bulls Seem To Be Taking Back Control Of The Dogelon Mars Price

From a technical standpoint, it seems ELON’s bearish momentum is starting to cool off slightly. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators suggest the Dogelon Mars price might start to climb in the next couple of hours.

RSI readings have started to rise from 30 to just below 40. Increasing RSI readings are normally seen as a sign of growing buyer strength. If bulls continue to gain power, it could lead to an increase in the Dogelon Mars price. 

Meanwhile, the MACD line has started to rise towards the MACD Signal line in the last couple of hours as well. The narrowing gap between these two lines could be seen as an early indication of ELON’s negative cycle coming to an end. A confirmation that the meme coin has entered a new bullish phase could be if the MACD line manages to cross above the MACD Signal line.

Traders might be decreasing their exposure to Dogelon Mars, but the same cannot be said for meme coin rival Mind of Pepe (MIND), which has already raised over $2.7 million in presale.

The buying frenzy around the new meme coin comes amid a series of bullish predictions delivered by crypto experts. 99Bitcoins, a YouTube channel with over 721K subscribers, is among the experts, and says MIND has the potential to soar 20X after launch.

The First AI Derivative Of A Major Meme Coin

Mind of Pepe has a major competitive advantage in the market given it’s the first AI derivative of a major meme coin brand. Pepe the Frog has been behind some of the best-performing meme coin presales in recent months including Pepe Unchained (PEPU) and Wall Street Pepe (WEPE), who have both raised millions of dollars each. 

Now, Mind of Pepe seems on track to keep this bullish trend around PEPE-themed tokens going, with its presale raise already standing at over $2.7 million just days after its ICO launched.

Unlike many of the meme coins that came before it, MIND is packed full of utility. This is due to its powerful AI crypto agent, which lies at the heart of the project. Using sophisticated computer models, the agent is constantly monitoring social platforms such as X to identify emerging trends in the crypto space that could lead to profitable trade opportunities.

After identifying emerging trends that might not have been spotted by the broader market yet, the AI agent then shares the insights with the project’s community through token-gated groups. In addition to watching out for trends, the AI agent will also be able to shape the narrative by actively engaging with the crypto community online.  

Investors Bet Big On MIND’s Future

Mind of Pepe’s presale was off to a strong start and raised nearly $1 million within just the first day of the presale going live. This bullish momentum has continued since, with the project’s ICO now charging towards the $3 million mark.

Anyone that wants to get in on the ground stages of MIND can do so by acquiring the meme coin through the simple buy widget embedded on the project’s website. Selling for $0.0031635, the crypto can be bought with either ETH, USDT, BNB or bank card.

Buy and stake MIND here for an attractive 750% APY.

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