BabyDogeCoin (BABYDOGE) maintained its bullish market structure even when the whole market turned red. SHIB, DOGE, or BABYDOGE - Which one should you buy? Read more to find out!👇 TraderScarpa shibainu tlm mana nftbooks floki
on OKEx in August, the price of the token has experienced an increase of around 85% , where the returns from BABYDOGE’s all-time highs are more than 240%.
Now the question is if BABYDOGE will provide as good returns as DOGE and SHIB did previously. Let’s hop onto the charts and find out!BABYDOGE is still in an uptrend on a macro level. This is because it has continued to form higher highs and lower lows. However, buyers didn’t have the strength to push it to new all-time highs. This is understandable due to BTC’s recent price action. Coins with high beta value, such as, are likely to follow what BTC does. If the price can consolidate around 0.
On the BABYDOGE/SHIB chart, the price has broken out of a 97-day accumulation range and seems ready to go higher. It has performed a crucial S/R flip. If the price consolidates between 0.00014989 and 0.000109618, it could add more fuel needed to pump this pair back to all-time highs. The only thing to beware of is that the pair has pumped more than 100% in the past seven days.On the BABYDOGE/DOGE chart, you can see clear demand.
BABYDOGE is in a bullish trend on the 1-day chart. However, for the price to go higher, it needs to reclaim the $0.000000002976 level.
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