• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Friday, May 16, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Dogecoin Bearish Pattern Threatens Price Drop, Will KangaMoon Take the Memecoin Crown

Jordan Avery by Jordan Avery
April 10, 2024
in Press Releases
Reading Time: 3 mins read
0
Dogecoin-kangamoon 1
13
SHARES
Share on TwitterShare on Facebook

Investors positive sentiment towards Dogecoin is fading. In addition, DOGE is stuck in a bearish pattern, which promises a significant drawdown for the altcoin price. Meanwhile, KangaMoon (KANG) has been showing a very good performance in the presale market, it has been having a very good growth rate. Unlike the majority of memecoins, this coin has a unique combination of GameFi and SocialFi elements, which give users a chance to get some rewards by taking part in the battle contests and speculating on the betting.

Bullish sentiment among Dogecoin holders is fading

Given the lack of support from large holders, the Dogecoin price correction may come faster than expected. The chart below shows that since the beginning of the month, addresses with a balance of 10 million to 100 million DOGE have sold more than 300 million coins worth about $55 million. Their growing pessimism could lead to significant losses among retail investors.

PRICE-DOGECOIN-DOGE-Dogecoin whale assets. Source: Santiment
Dogecoin whale assets. Source: Santiment

The behavior of the latter cannot be called bullish either. About 6% of the total circulating supply of the asset has moved into their wallets, bringing this figure to 13% over the past ten days.
Short-term HODLers typically hold tokens for one to three months. Accordingly, the DOGE in their wallets is potentially at risk of being sold off.

Dogecoin (DOGE) Forecast: Expect a Bearish Trend

The Dogecoin trend is extremely bearish at the moment. Additionally, the meme coin is currently stuck in a rising wedge. A breakdown of the lower line of the pattern will serve as a signal for a further downward movement, during which the asset price risks falling by more than 40% from current values ​​and testing the $0.105 mark.

DOGECOIN-PRICE
tradingview

However, if this altcoin holds within the pattern, the recovery will gradually lead DOGE to a breakout of the $0.20 level. If $0.220 is confirmed as support, the bearish scenario will be canceled.

KangaMoon (KANG) memecoin project is stealing the spotlight

KangaMoon (KANG) has been making significant strides in the presale market, showcasing remarkable growth rates. What sets this meme coin apart is its innovative blend of GameFi and SocialFi components, rewarding users through engaging battle contests and speculative betting.
This phase of KangaMoon presale puts forward its SocialFi features, which allow users to earn KANG tokens by engaging in the social interactions of the platform such as commenting and sharing posts. This special feature, in addition to helping in community engagement, also contributes to the loyalty of the members and as a result, the community bond is strengthened.

KangaMoon Presale Takes Off

As of now, KangaMoon has progressed to its 5th presale stage, amassing an impressive $4.4 million in funding. The token’s value has surged from an initial price of $0.005 to $0.0196, providing early investors with a remarkable 290% return on investment (ROI).

Shiba Inu, SHIB, memecoin, KangaMoon, presale, P2E game, cryptocurrency, community-driven, price correction, bullish momentum -2

KangaMoon presale success is accompanied by a vibrant community of over 20,000 registered members, which has more than 6,000 KANG token holders. In the next few days, KangaMoon will be able to raise $5 million and is expected to reach $6 million by the end of the month. Also, the KangaMoon’s community is expecting that the token will experience a huge growth of 1000% once it gets listed on the major exchanges in the forthcoming days.

Tags: cryptocurrencyDeFiDogecoinKangamoonMemecoinPresale
Previous Post

Growing Your Crypto: The Advantages of Yield Farming on Uniswap

Next Post

Injective (INJ) Potential Breakout and InQubeta (QUBE) AI Investment Revolution

Related Posts

Trump Meme Coins Spark Calls for Treasury Review
News

Trump Meme Coins Spark for Treasury Review

May 15, 2025
NYC Is Open for Crypto—Eric Adams Declares
News

NYC Is Open for Crypto —Eric Adams Declares

May 13, 2025
Trump Crypto Moves Spark Senate Backlash
News

Trump Crypto Moves Spark Senate Backlash

May 11, 2025
News

ETH Rallies Despite ETF Outflows— Why?

May 10, 2025
DOGE, SHIB, PEPE Rally Then Dip as BTC Surges
Market Analysis

DOGE, SHIB, PEPE Rally Then Dip, BTC Surges

May 9, 2025
News

State Bitcoin Bills Collapse, NC Moves Ahead

May 6, 2025

Press Releases

Trump Meme Coins Spark Calls for Treasury Review
News

Trump Meme Coins Spark for Treasury Review

by Jordan Avery
May 15, 2025

Introduction Just when you thought American politics couldn’t get any weirder, it’s meme coins to the moon—congressional probe edition. A...

Read more
NYC Is Open for Crypto—Eric Adams Declares

NYC Is Open for Crypto —Eric Adams Declares

May 13, 2025
Trump Crypto Moves Spark Senate Backlash

Trump Crypto Moves Spark Senate Backlash

May 11, 2025

ETH Rallies Despite ETF Outflows— Why?

May 10, 2025
DOGE, SHIB, PEPE Rally Then Dip as BTC Surges

DOGE, SHIB, PEPE Rally Then Dip, BTC Surges

May 9, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier