BabyDoge Witnesses 16% Surge in Trading Volume in the Last 24 Hours
Excitement mounts as the highly anticipated major announcement regarding token burn draws near. BabyDoge, however, experienced a slight setback as it hit a nine-month low of $0.0000000010131, resulting in a 13% decline over the past week. Nevertheless, the BabyDoge team has been fueling anticipation among its community through a series of countdown posts on various social media platforms.
These intriguing posts, featuring the BabyDoge logo surrounded by a cluster of coins, have sparked speculation about a significant announcement that could potentially involve a substantial token burn or a new listing on a prominent exchange.
Furthermore, BabyDoge is renowned for its impactful large-scale token burns. Currently trading at $0.000000001222, it has witnessed a 25% decline in the past 24 hours. However, despite the decline, the trading volume has surged by 16% during the same period, indicating heightened market activity.
Could BabyDoge Make a Bullish Comeback?
A closer look at the daily chart reveals a bearish trend for BabyDoge, with the 9-day EMA standing at $0.000000001264. The RSI suggests that the cryptocurrency is currently in an overbought situation.
Source: TradingView
If BabyDoge continues its bullish run, it might reach $0.000000001399, with a potential next target set at $0.000000001812. Conversely, if bearish sentiment dominates, the price could plummet to $0.000000000986.
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