Ginnan The Cat Price Prediction: GINNAN Takes A 6% Dive As Investors Flock To This Base Meme Coin For Its 837% APY

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The Ginnan The Cat worth plunged over 6% within the final 24 hours to commerce at $0.000004698 as of seven:20 a.m. EST as traders dump the meme coin.

With this latest loss, the GINNAN worth is down greater than 39% on the weekly timeframe as properly.

The Ginna The Cat Worth Trying To Break Out Of A Bearish Channel

4-hour chart for GINNAN/USD (Supply: GeckoTerminal)

The Ginnan The Cat worth has entered a interval of sideways buying and selling because the meme coin makes an attempt to flee a medium-term detrimental worth channel. At present oscillating between $0.000003902 and $0.000006482, the crypto may be gearing up for a powerful transfer.

Ought to merchants establish GINNAN’s present ranges as a purchase alternative, the meme coin would possibly try to beat the instant resistance degree at $0.000006482. Closing a 4-hour candle above this barrier might then give the Ginnan The Cat worth the technical basis wanted to rise to the next mark at $0.000009062 within the following 24-48 hours.

The bullish thesis won’t be validated if the Ginnan The Cat worth falls beneath the $0.000003902 help degree. Falling beneath this technical security web might then open up the chance of the meme coin’s worth falling to as little as $0.000001691 within the brief time period.

Technicals Counsel The Ginnan The Cat Worth May Go Both Manner

Technical indicators on GINNAN’s 4-hour chart are at present sending blended indicators. Extra particularly, the Relative Energy Index (RSI) and the Transferring Common Convergence Divergence (MACD) indicators are displaying contradicting indicators.

RSI readings have remained beneath the essential 50 benchmark all through the previous buying and selling day, which is normally seen as a sign of bearish power by merchants. This might limit GINNAN’s upside potential if bulls don’t step in and enhance the RSI above 50 quickly.

Whereas the RSI reveals sellers have a slight higher hand towards consumers, the MACD reveals that the Ginnan The Cat worth is at present in a short-term optimistic development. That is evident by the MACD line’s positioning above the MACD Sign line.

Whereas the Ginnan The Cat worth makes an attempt to flee a descending worth channel amid blended technical indicators, merchants are speeding to purchase Base Dawgz (DAWGZ) throughout its ongoing presale section.

A Meme Coin Connecting The Base Community To Some Of The Largest Networks In The Market

Base Dawgz (DAWGZ) is a brand new meme coin trying to set up itself within the rising Base ecosystem. Not like different meme cash, the undertaking comes with excessive ranges of utility because of its cross-chain capabilities.

With Base Dawgz’s implementation of Wormhole and Portal Bridge know-how, the undertaking provides crypto traders a solution to seamlessly shift worth throughout a number of the most energetic and liquid networks within the Web3 area. The record of networks consists of Solana, Ethereum, Binance Good Chain, Avalanche and the Layer-2 Base community.

In style crypto YouTuber ClayBro has been following the undertaking’s ICO progress for some time now, and stays simply as bullish on the meme coin. Him and different consultants imagine the undertaking might take the meme coin area by storm and probably soar 100X publish launch.

Buyers Flock To Base Dawgz’ ICO For Its Excessive Staking Rewards

Greater than $2.9 million has already been despatched to Base Dawg’z ICO. A possible issue behind this investor frenzy could possibly be the 837% APY on supply to anybody who buys and stakes the meme coin at this early stage.

After passing $2.9M raised, we’re steadily on our solution to 3M 🚀 pic.twitter.com/JbZUMgF8yd

— Base Dawgz (@BaseDawgz) August 13, 2024

These excessive rewards are simple to come back by. All traders might want to do is buy the token utilizing the easy purchase widget embedded on the undertaking’s web site, after which lock up the tokens by way of the staking web page.

Promoting for $0.007784, DAWGZ’s multi-chain presence signifies that it may be purchased utilizing both BASE, ETH, SOL, BNB, or AVAX. Buyers will need to hurry, as a result of the crypto’s worth is scheduled to extend within the subsequent levels of its presale. The following worth adjustment will happen inside the subsequent 4 days.

Buy and stake DAWGZ right here for the 837% APY earlier than its worth will increase.