Dogelon Mars Meme Coin Price Prediction 2022 – ELON Ready to Pump? – Business 2 Community
Dogelon Mars (ELON) is another meme coin crypto that exploded during the parabolic bull rally in November 2021. The price of Dogelon Mars (ELON) memecoin is exponentially growing by the day and over the last 24 hours is up 6.13%.
Investors are now identifying value for Dogelon Mars (ELON) at these lower price levels as we forge a symmetrical triangle on the price charts. This is a continuation pattern which is likely to see a break out to the upside.
Dogelon Mars (ELON) meme coin is currently trading at $0.0000003618. Will the crypto bulls strike back hard enough to remove another zero for Dogelon Mars?
Since Bitcoin crossed the 200-week moving average Dogelon Mars (ELON) meme coin is already up over 62%. It is now recognised that if the trajectory of Bitcoin flips bearish Dogelon Mars has critical support levels around $0.0000002242.
From a technical analysis perspective Dogelon Mars (ELON) memecoin has been trading within a symmetrical triangle pattern now for 62 days. This is particularly exciting as the tension coils between resistances and support trendlines. The bulls and bears are fighting for a decision on what happens next with the price.
Elon-Usdt – Daily Time Frame.
If the bulls can maintain positive price momentum we could see a strong breakout resulting in a price increase of 78.6%. The bullish technical target for this would be around the $0.0000006448 price levels.
However, traders should understand that there is a massive amount of resistance for Dogelon Mars (ELON) at the $0.000000502 price levels. This is because there was a major swing-low from the 22nd January 2022 which has flipped into resistance.
Elon-Usdt – Weekly Time Frame.
In addition to the symmetrical triangle I have also identified an extremely bullish hammer candle. This has been printed on the weekly time frame with a short body and long lower wick.
Traditionally this hammer candle is found at the bottom of a downward trend. Ultimately, strong buying pressure allowed the price to rapidly rally. So are the bulls back in control for now?
If Dogelon Mars (ELON) can break through this key resistance level I would expect to see continuation to the upside. Because there are many macro-economic factors suppressing a real bull market at the moment this outcome is less likely.
The bearish scenario for Dogelon Mars (ELON) is that we lose support of $0.000000324 at the bottom of the symmetrical triangle. This could perhaps lead Dogelon Mars (ELON) to revisit the $0.00000028 price levels.
Whilst I am very much bullish on the meme coin environment I do think Dogelon Mars (ELON) cryptocurrency for now is quite fatigued from the parabolic rally.
We would need a long crypto-winter, utility upgrades, further burning and taxation deployed across the Dogelon Mars (ELON) ecosystem in order to trigger an increase in price.
Or, at least the beginning of the next crypto bull run.
Dogelon Mars (ELON) is a dog-themed meme coin deployed on the Ethereum and Polygon network. The project follows in the footsteps of many other successful dog themed meme coins such as Dogecoin and Shiba Inu.
The quirky name of this meme coin is a play on words between Dogecoin and Elon Musk, the billionaire who is a massive supporter and influencer behind Dogecoin. The ‘Mars’ part of the project name relates to the moon theme from the popular phrase ‘to the moon’. This could be suggestive that Dogelon Mars (ELON) memecoin has massive upside potential.
Aside from the lighthearted, vibrant and cute looking theme, Dogelon Mars has built an extensive community with over 650,000 Twitter followers and 90,000 Telegram members.
Dogelon Mars (ELON) isn’t the only hot meme coin project on the rise right now. A brand new meme coin has entered the blockchain space known as Tamadoge (TAMA) just recently. Tamadoge (TAMA) is a new anti-rug pull, deflationary Doge themed meme coin which has immersive play-to-earn elements. Tamadoge is currently in the early stages of presale and leverages the Doge theme which allows for 100x growth opportunity.
In just a couple of days Tamadoge (TAMA) has already generated $26,895 from the presale at buy.tamadoge.io. Investors are able to purchase Tamadoge (TAMA) using Ethereum, USDT or Fiat currencies. The presale will be live until the 2nd of September 2022.
Tamadoge (TAMA) envisions to create an immersive meme coin with utility that also ensures replay value and longevity from its users. There are also NFT elements included in this play-to-earn crypto game.
With Tamadoge (TAMA) you can buy your baby tamadoge from the store. You will then need to nurture and care for your tamadoge through to it’s adulthood. This will help you climb the leaderboard and obtain new cosmetic items along the way.
Players are rewarded for being fantastic keepers of their tamadoge and you can increase the tamadoge’s attributes through good care. Following this, Tamadoge will implement the ‘tamaverse’ which is an extremely exciting augmented reality aspect to the game.
Many dog themed meme-coins have already reached their euphoric tops and have been listed across multiple flagship centralized and decentralized exchanges. Investing early in Tamadoge (TAMA) could potentially offer massive upside as a low market capital can very easily 100x compared to a market capital that is already over $100 million.
I speculate that upon successful launch Tamadoge (TAMA) could be one of the next top 5 meme coins in cryptocurrency.
Tamadoge (TAMA) – Next Big Meme Coin
This article was written for Business 2 Community by Jacob Bury.
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Jacob Bury got invested in Cryptocurrency during his travels in the Philippines when Covid first broke out in March 2020. He hasn’t looked back since.
In addition to being a technical analyst and blockchain investor, Jacob has his own YouTube channel with 4,000 subscribers.
Jacob Bury has worked in… View full profile ›
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July 31, 2022 at 01:14PM