Dogecoin’s (DOGE) price has traded inside a descending parallel channel since December. However, it is shaping up for a massive return, as its Relative Strength Index (RSI) is heading upward and a bounce-back could occur soon. Meme Moguls (MGLS) has been on an upswing since its presale started, selling over 890M tokens in just a short period of time.
Dogecoin (DOGE) Is Projected to Experience a Breakout to $0.14 Despite Recent Dip
The Dogecoin (DOGE) price fell by 13% in the past seven days. It has followed a descending resistance trend line and reached a low point of $0.076 during the week. Its highest point was at $0.094, where the Dogecoin price attempted a breakout. The price finally surpassed the red line in November of 2023, and the breakout resulted in a high of $0.108 before the Dogecoin crypto fell below a crucial horizontal resistance area.
The Relative Strength Index (RSI) is above 50 with an upward trend. This suggests a shift in the momentum after its recent high, prompting caution among traders. According to the Dogecoin price prediction, it can surge as high as $0.14 by the end of 2024, paving a bullish outlook for this altcoin.
Meme Moguls (MGLS) to Feature Simulated Trading and Include $100,000 in Virtual Cash
Meme Moguls (MGLS) will help users access simulated trading as a means of improving their trading strategies. People can utilize the MGLS crypto in-game for governance. Throughout the platform, they can compete with friends in virtual stock market trading games. They can learn various investing strategies, discover new investments, and earn cash prizes and meme rewards.
Every player can start with a balance of $100,000 in virtual cash. These simulated profits can be turned into real, cashable returns. Players who contribute their MGLS balance to the Meme Moguls staking pool can get rewards based on their share of the pool and the annual returns percentages.
The ecosystem will feature a dedicated Marketplace in which users can buy, sell, and swap game items. Users can also complete trading missions and challenges. By doing so, they can
There are also valuable NFTs that can improve trading conditions. The rarer the NFT is, the better the conditions, such as leverage and spreads. There is also Moguls World, a dedicated metaverse where players can connect, mine tokens, join liquidity pools, and stake their tokens.
The project reached a major milestone and got to Stage 4 of its crypto ICO sooner than expected. Now, it trades at $0.0027 per cryptocurrency. At launch, analysts are projecting a price upswing of 5,000%, making it a solid altcoin to get into.
Alongside all of this, members of the community can set up custom tournaments and compete in the game. These can be made just for fun or can feature prize pools with tournament buy-ins.
Summary
Dogecoin might showcase a bearish outlook in the short term but could initiate a rally in the long term. Alongside it, traders are also bullish on Meme Moguls. It will introduce a vast ecosystem and unique Play-to-Earn (P2E) and become a major player in the industry following its launch.
For more information about the Meme Moguls (MGLS) presale follow the link below:
Website: https://mememoguls.com/ Twitter: https://twitter.com/meme_moguls
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