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The UXLINK price soared 39% in the last 24 hours to trade at 0.2066 as of 03:42 a.m. EST on trading volume that soared 1,704% to $392 million.
UXLINK Price Analysis: Is the Bearish Trend Temporary or a Long Term Shift?
Despite the token’s uptrend in the last 24 hours, the UXLINK chart shows that the asset has been on a downtrend, exhibiting bearish momentum, according to data from GeckoTerminal. The presence of a rounding top fully affirms the bearish trend.
The trend has caused the price of UXLINK to plunge below the 50-day and above the 200-day Simple Moving Averages (SMAs), which might suggest a bearish reversal.
The 50-day SMA is positioned above the 200-day SMA, a situation commonly referred to as a “Golden Cross,” which can be bullish.
The Relative Strength Index (RSI) is at 43, which is close to the neutral zone. However, it is gradually moving towards the oversold area, which suggests that selling pressure is building up.
The Moving Average Convergence Divergence (MACD) blue line trades above the orange signal line, indicating a bullish crossover.
If the bulls pick up the momentum at this level, the price of UXLINK could soar, as the bulls target $0.4000.
Conversely, if the market turns bearish, UXLINK might continue with the downward trajectory and find support at the 200-day SMA at $0.1740.
Meanwhile, investors are shifting to a new base meme coin called Base Dawgz (DAWGZ), which is set to list in about 6 hours on a decentralized exchange (DEX).
Base Dawgz Offers A Last Chance To Buy – 6 Hours Left Before DEX Launch
Base Dawgz is set to launch on a DEX today at 6 p.m. CET. Backed by over $3.3 million in funding, Base Dawgz brings a unique multi-chain experience.
While calling Base home, it offers seamless interoperability within different blockchains, spanning Ethereum, Solana, Binance Smart Chain, and Avalanche.
GM to those who GM
You ready for tomorrow $DAWGZ?
— Base Dawgz (@BaseDawgz) September 3, 2024
The project’s “Be Social for Airdrop” campaign will reward users with points. To participate, you must use your X account to create and share memes and other content about Base Dawgz. After the presale ends, users can exchange these points for their native token, $DAWGZ.
Holders can also stake DAWGZ tokens for a 703% annual percentage yield (APY). The team has already set aside 20% of the total token supply for staking.
According to ClayBro, a YouTube crypto analyst with over 130K subscribers, $DAWGZ “could create millionaires.”
With its scheduled DEX listing later today, investors have one last shot at purchasing $DAWGZ at its listing price of $0.008582.
Purchase DAWGZ tokens on the official website here.
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