The Baby Doge Coin price surged 12% in the last 24 hours, reaching $0.000000001875. The trading volume also skyrocketed 205%, reaching $248 million.
Baby Doge Coin: Recent Surge
The price surge in Baby Doge Coin followed after Binance, the world’s largest cryptocurrency exchange, listed BABYDOGE for spot trading alongside Turbo and Neiro on September 16.
Current Market Analysis
In September, Baby Doge Coin was in a consolidation phase, trading within the $0.000000000998 range. After being listed on Binance, the asset picked up positive momentum, reaching the $0.0000000021 resistance level. However, the price later trended down but still remained within the symmetrical triangle pattern. The Relative Strength Index (RSI) indicates that the asset is overvalued and under intense buying pressure.
Analysts' Opinions
Analysts note that the bulls are aiming for a breakout above the triangle, with BABYDOGE trading above both the 50-day and 200-day Simple Moving Averages (SMAs). If the bullish momentum continues, the target price is $0.00000000250. Conversely, in case of downward pressure, the support level is $0.000000001095, coinciding with the 200-day SMA.
The prospects for further growth of Baby Doge Coin remain positive, provided that investor interest continues and no negative market factors arise.
Comments