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

The Ginna The Cat Value 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 destructive worth channel. At the moment oscillating between $0.000003902 and $0.000006482, the crypto may be gearing up for a powerful transfer.

Ought to merchants determine GINNAN’s present ranges as a purchase alternative, the meme coin may try to beat the speedy resistance stage at $0.000006482. Closing a 4-hour candle above this barrier may then give the Ginnan The Cat worth the technical basis wanted to rise to the following 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 assist stage. Falling beneath this technical security internet may then open up the danger of the meme coin’s worth falling to as little as $0.000001691 within the quick time period.

Technicals Recommend The Ginnan The Cat Value Might Go Both Means

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

RSI readings have remained beneath the essential 50 benchmark all through the previous buying and selling day, which is often seen as a sign of bearish energy by merchants. This might prohibit 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 in opposition to consumers, the MACD reveals that the Ginnan The Cat worth is presently in a short-term optimistic pattern. 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 combined technical indicators, merchants are dashing to purchase Base Dawgz (DAWGZ) throughout its ongoing presale part.

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

Base Dawgz (DAWGZ) is a brand new meme coin trying to set up itself within the rising Base ecosystem. In contrast to different meme cash, the challenge comes with excessive ranges of utility attributable to its cross-chain capabilities.

With Base Dawgz’s implementation of Wormhole and Portal Bridge know-how, the challenge gives crypto traders a solution to seamlessly shift worth throughout among the most energetic and liquid networks within the Web3 house. The checklist of networks contains Solana, Ethereum, Binance Sensible Chain, Avalanche and the Layer-2 Base community.

Standard crypto YouTuber ClayBro has been following the challenge’s ICO progress for some time now, and stays simply as bullish on the meme coin. Him and different consultants consider the challenge may take the meme coin house by storm and doubtlessly soar 100X put up 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 might be the 837% APY on provide 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 straightforward to come back by. All traders might want to do is buy the token utilizing the easy purchase widget embedded on the challenge’s web site, after which lock up the tokens through the staking web page.

Promoting for $0.007784, DAWGZ’s multi-chain presence implies 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 subsequent 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.