Baby Doge Coin (BABYDOGE) Price Took Breather Near 0.0000000059, Down 2%

By Rekha chauhan
January 20, 2022 Updated January 20, 2022
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After listing on Hong Kong crypto exchange, CoinEX on Tuesday, the BABYDOGE crypto price soared almost 140%. The market volume has declined today with $38,904,669 with an 18% decline.

  • Baby Doge Coin (BABYDOGE) price pauses gains on Thursday.
  • Meme coin records 50% gains in the past seven days.
  • BABYDOGE surpassed Shiba Inu and Folki Inu in terms of holding 1.2 million current holders.

 

DigitalCoinPrice projects 0.0000000736 for BABYDOGE in 2022

DigitalCoinPrice makes a modest projection for the meme’s coin but stable gains. The price target is predicted at $0.0000000736 per token. Further, the Baby coin is not in the mood to shed gains until 2025.

Source: Trading view

On the daily chart, the Baby Doge Coin (BABYDOGE) price has not looked back after it shoots above the 20 DMA on December 23 and recorded almost 250% gains. The formation of a rounding bottom from the high made on December 1 at $0.0000000247 completed at the high of $0.00000000230. After that, a brief correction still above the 50DMA is followed by a breakout on January 2. The volume also aids the upside momentum. The MACD (Moving Average Convergence Divergence) is stable above the midline, which is suggesting the continuation of the prevailing price action.

The Daily Relative Strength Index (RSI) after consolidating in the overbought zone from January 10 broke the range on January 17.  The price saw the biggest single-day fall since December 29 from the highs of $0.0000000644. Furthermore, the meme’s coin tested the 0.382% Fibonacci retracement level but bounce back immediately to the highs of $0.00000000629.

Mixed signals from the momentum oscillators could be read as a tug of war between the bulls and bears until the market finds its equilibrium. However, if the price is able to close above the highs of $0.00000000607 then the Baby Doge Coin could witness a fresh new high in the short term.

 

 

 

 

Rekha has started as Forex market analyst. Analyzing fundamental news and its impact on the market movement. Later on, develop an interest in the fascinating world of cryptocurrency. Tracking the market using technical aspects. Exploring on-chain analysis to track the market.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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