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