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The KARAT price jumped 3% in the last 24 hours to trade at $0.001305 as of 10:00 p.m. EST on trading volume that rose to $894K.
The KAT price soared despite the meme coin space dropping 2% to a $39 billion market capitalization. Meme coin leaders, DOGE and SHIB, both dropped 1% in the last 24 hours.
KARAT Price Bearish – Could The Bulls Manage A Trend Reversal?
The KARAT price was trading sideways in July, as the bulls and bears engaged in a tug-of-war within the $0.000619 consolidation zone. However, on Aug. 3, the bulls won the struggle, pushing KAT through a markup phase to the $0.0030 resistance.
The price of KARAT has since been on a downtrend within a descending triangle pattern. A descending triangle pattern shows that the asset is currently on a bearish trend.
KATUSD Chart Analysis (Source: GeckoTerminal)
However, KAT now trades above the 50-day and 200-day Simple Moving Averages (SMAs), which could be a signal that the token is now on an uptrend.
The Relative Strength Index (RSI) is also rebounding from below the 50-midline level, currently at 64, an indication that buyers currently have control and that the asset is overvalued.
The Moving Average Convergence Divergence (MACD) is also bullish, as it climbs up above the neutral line. Furthermore, the blue MACD line now crosses above the orange signal line, which forms a bullish crossover.
The RSI and MACD indicate that the token is on a bullish trend, as the buyers continue adding to their positions. If this trend continues, the price of KARAT could invalidate the bearish sentiments of the descending triangle to soar above the $0.0020 resistance.
However, if the bears take control at this level, KAT could plunge to the next support level at $0.00096 (200-day SMA).
Meanwhile, as the KAT price looks to soar over the triangle, the new presale Base Dawgz (DAWGZ) is also attracting optimistic investors in the Base ecosystem, as it aims to follow the success of Base meme coin leader, $BRETT.
The token has already garnered over $2.8 million in funding.
Congrats on passing 2.8 million $DAWGZ 🥳
We’re getting closer. And hopefully we can give you an update next week 🤝 pic.twitter.com/mRvjOMwD6F
— Base Dawgz (@BaseDawgz) August 3, 2024
Base Dawgz Presale Garners $2.8 Million – Best Meme Coin On Base?
While its primary home is Base, Base Dawgz is bringing a unique multi-chain experience that offers seamless interoperability within different blockchains.
Base Dawgz doesn’t just parachute and land on Base territory; it also lands on Ethereum, Solana, Avalanche, and BSC, all thanks to Wormhole and Portal Bridge Technology, which gives it this multichain functionality.
Therefore, users can transact seamlessly across multiple blockchain ecosystems and have unparalleled multi-chain functionality.
Users can also benefit from staking rewards, with the team already setting aside 20% of the total token supply for staking. All you have to do is buy and stake $DAWGZ for up to 910% in annual rewards.
Staking $DAWGZ is the best way to make some extra cash while you wait for the presale to end 🤑
If you’re chasing nirvana or an active thrill-seeker, this is for you. pic.twitter.com/ggM1ibSgZd
— Base Dawgz (@BaseDawgz) July 22, 2024
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. Users only have to engage with social media networks on X to start accumulating points.
Jacob Bury, a prominent crypto analyst and YouTuber, says $DAWGZ has the potential to surge 100X after its launch.
If you are interested in participating in the presale, you can buy $DAWGZ tokens for $0.007414 each. But don’t wait too long because the price will increase in about three days.
Buy DAWGZ tokens on the official website here using ETH, USDT, BUSD, or USDC.
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