Dogecoin Price Pumps 5% As Elon Musk Unveils X TV App To Rival YouTube, And Traders FOMO Buy This Multi-Chain Meme Coin With Time Running Ou...

Dogecoin Eyes Bullish Momentum, Soaring 5%

In the past 24 hours, Dogecoin (DOGE) has surged by 5%, currently trading at $0.0990 as of 9:02 p.m. EST. This rise comes despite an 8% decline in trading volume, which sits at $428 million.

Elon Musk's beta launch of the X TV app has played a role in Dogecoin's uptick. The app allows users to access the platform directly from smart TVs, aligning with Musk's plans to create an "Everything App" and potentially challenge YouTube.

Technical Analysis Predicts Bullish Reversal for DOGE

Previously in a downtrend, Dogecoin has lately been trading within a falling channel pattern, with resistance at $0.114. However, the price has recently fallen below the 50-day and 200-day Simple Moving Averages (SMAs), indicating bearish momentum.

However, technical indicators show a bullish shift. The Relative Strength Index (RSI) is approaching the 50-midline at 48, suggesting increasing buying pressure. Similarly, the Moving Average Convergence Divergence (MACD) is rising towards the neutral zone, signaling positive momentum.

As RSI and MACD rise, Dogecoin might encounter buying pressure in the coming days, pushing its price towards the resistance zone of $0.1148. Conversely, a price drop could find support at $0.093.

Base Dawgz Presale Raises $3.2 Million

Base Dawgz (DAWGZ), a meme coin on the Base ecosystem, has garnered attention. Its token presale concluded last week, raising over $3.2 million in two months. DAWGZ will debut on a decentralized exchange (DEX) on September 4.

Base Dawgz offers a multi-chain experience, allowing interoperability across Ethereum, Solana, Binance Smart Chain, and AVAX. Additionally, its staking feature provides a 710% annual yield (APY).

The project also launches the "Be Social for Airdrop" campaign, rewarding users with points redeemable for DAWGZ based on social media engagement on X.

To ensure early investment opportunities, DAWGZ can be purchased now for $0.008582 on its website using ETH, USDT, BUSD, or USDC.