Recently, the AIDOGE token of ArbDoge AI has experienced a 5% increase in price after hitting a low point. The question now arises whether the price of AIDOGE will continue to rise or will it drop again. A closer look at the technical front reveals that the AIDOGE/USDT pair is slightly bullish, facing immediate resistance near $0.000000000154. The 4-hour timeframe analysis shows that ArbDoge AI has completed a 38.2% Fibonacci retracement level at $0.000000000154. The presence of an inverted hammer and a bearish engulfing candle in the same timeframe suggests a potential halt in the recent uptrend. However, if AIDOGE manages to sustain above the $0.000000000154 level, it opens up the possibility of testing the 61.8% or 78.6% Fibonacci extension levels at $0.000000000159 and $0.000000000168, respectively. Leading technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are currently in a stable zone, supporting the potential for the existing trend to continue. The 50-day moving average is likely to provide resistance around $0.000000000150 in the short term. On the downside, if AIDOGE maintains its upward trajectory, it could find initial support around the $0.000000000140 level. A breach of this support level has the potential to extend the decline towards $0.000000000128.
The Emergence of AiDoge (AI) and Wall Street Memes (WSM)
The surge of meme coins in the cryptocurrency market continues to gather pace, with notable mentions of AiDoge (AI) and Wall Street Memes (WSM). AiDoge (AI) debuted on Uniswap on June 19th and can now be found on MEXC with the ticker symbol $AI2. AiDoge (AI) and ArbDoge AI share a name resemblance, but they are separate entities, each with its own distinct vision and objectives. The official Twitter account of AiDoge (AI), AIDogeCrypto, recently announced an exciting opportunity for token holders to stake their tokens and enjoy a rewarding 50% APY. However, token holders need to stake their tokens within the next two weeks to be eligible for this incredible offer.
Wall Street Memes, a well-known online community for individual investors, has achieved a significant milestone with the highly anticipated presale of its meme coin, $WSM. Within a remarkably short period since its launch, the presale has garnered an impressive fundraising rate, accumulating over $9 million in funds. During the presale phase, $WSM tokens are available for purchase at a price of $0.0298. However, as the presale progresses, the token price is expected to increase to $0.0337. The chance to be part of the $WSM presale and potentially benefit from its growth prospects should not be missed out on. Buy Wall Street Memes now and become a part of this exciting and rewarding venture!
In summary, it is crucial to monitor the $0.000000000154 level as a pivotal point, with a bearish outlook emerging below this level. At the same time, the market may continue its bullish trend above it. The emergence of AiDoge (AI) and Wall Street Memes (WSM) is a testament to the growing popularity of meme coins in the cryptocurrency market. It will be interesting to see how these coins perform in the upcoming weeks and whether they can sustain their growth momentum.