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Resistance Dog Price Prediction: REDO Soars 173% Following Pavel Durov Arrest In France As This Base Meme Coin Offers Last Chance To Buy

Resistance Dog Price Prediction: REDO Soars 173% Following Pavel Durov Arrest In France As This Base Meme Coin Offers Last Chance To Buy

InsidebitcoinInsidebitcoin2024/08/26 11:44
By:Insidebitcoin

The Resistance Dog price rose 173% in the last 24 hours to trade at $0.7640 as of 00:49 a.m. EST on trading volume that skyrocketed 933% to $17.8 million.

This comes after French authorities detained Telegram founder and CEO Pavel Durov in relation to a search warrant targeting alleged violations of the encrypted messaging platform.

Even after the arrest, The Open Network (TON), the third-party blockchain protocol on the messaging platform, claims to remain fully operational in the hours after Durov’s was taken into custody.

TON dropped 23% after the news but has since been in recovery.

Resistance Dog Price Prediction: REDO Price Could Rally

The Resistance Dog price was in consolidation from the beginning of August, trading within the $0.33 range, according to data from GeckoTerminal . The bulls then won the struggle, pushing the price of Resistance Dog to as high as $0.95.

REDO price has been trading within a symmetrical triangle as the bulls aim for a rally above. The price of Resistance Dog trades well above both the 50 and 200 Simple Moving Averages (SMAs) on the hourly chart, affirming the bullish trend.

The Relative Strength Index (RSI) trades slightly below the overbought region, currently at 62, which is an indication that the asset is still overvalued.

REDOUSD Chart Analysis. Source: GckoTerminal.com

If the bulls capitalize on the symmetrical triangle and the major indicators, REDO price could soar above, as the bulls target $1.0. Moreover, the 50 SMA trades above the 200 SMA, forming a golden cross at $0.34, further supporting the bullish rally.

However, with the asset now overvalued, sellers may start booking profits, which might exert some pressure on the price. In this scenario, the price of Resistance Dog may retrace back to the $0.45 support (50 SMA).

Meanwhile, investors are rushing to buy the new Base token Base Dawgz (DAWGZ) before its presale ends in about two days.

Base Dawgz Presale Garners Over $3 Million – Last Chance To Buy

With over $3 million raised, Base Dawgz is wrapping up its presale on Aug. 28 at 20:00 UTC.

While the project is deployed on the Base blockchain, Base Dawgz is bringing a unique multi-chain experience offering seamless interoperability within different blockchains, spanning Ethereum, Solana, Binance Smart Chain, and Avalanche.

The project is also set to launch the “Be Social for Airdrop” campaign to reward users with points. All you have to do is use your X account to create and share memes and other content about Base Dawgz. After the presale ends, users will be able to exchange these points for their native DAWGZ token.

The team has already set aside 20% of the total token supply for staking. By staking DAWGZ, users can earn an impressive 787% annual percentage yield (APY).

Currently, about 37.6% of the 1.69 billion presale tokens have been staked, indicating that investors are clearly bullish on Base Dawgz for the long run.

According to ClayBro, a crypto analyst on YouTube with over 130K subscribers, DAWGZ “could create millionaires.”

If you are interested in participating in the presale, you can buy DAWGZ tokens for $0.007414 each. Don’t wait too long, because the meme coin’s price will increase in about two days.

You can buy DAWGZ tokens on the official website here using ETH, SOL, AVAX, BASE or BNB.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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