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UXLINK price has dropped 7% in the last 24 hours trading at $0.1914 at 12:35 a.m. EST, even as trading volume jumped 91% to $34 million.
UXLINK Price Is Currently Bearish: Can the Bulls Regain Control?
On September 3, UXLINK price entered an uptrend, but bears quickly capitalized on a rounding top pattern, triggering a shift to a downtrend, as reported by Terminal Gecko.
Currently, UXLINK price has fallen below its 50-day simple moving average (SMA) while still trading above the 200-day SMA, suggesting persistent bullish pressure.
Additionally, the Relative Strength Index (RSI) has fallen to 38 and continues to decline, signaling increased selling pressure.
The Moving Average Convergence Divergence (MACD) is heading towards the neutral line, reflecting positive momentum.
However, the orange signal line remains above the blue MACD line, indicating a potential bearish continuation.
If the selling continues and the bears keep up the pressure, UXLINK price could further plunge to the next support level, $0.1800, in the coming hours.
Meanwhile, investors are rushing to buy a new meme coin on the Base ecosystem called Base Dawgz (DAWGZ)just hours away from its DEX launch.
According to Jacob Bury, a crypto analyst and YouTuber with over 42,000 subscribers, $DAWGZ has the potential to increase 100x after its launch.
Base Dawgz Offers Last Chance to Buy Before DEX Launch
This is your last opportunity to participate in a potential 100x investment. Base Dawgz, a Shiba Inu-themed meme coin on the Base chain, is set to launch on a decentralized exchange (DEX) today at 6 PM CET.
With over $3.3 million in backing already, the upcoming DEX listing offers investors one last chance to acquire $DAWGZ at its initial listing price.
🚀 Dawgz Base Launch
Preview:
We are launching both the Base and Solana chains, each with their own token contract and liquidity pool.
Here is the full breakdown:🔹 Launch details:
• Two token contracts: Base Chain and Solana Chain
• Independent liquidity pools for each chain🔹…
— Base Dawgz (@BaseDawgz) September 4, 2024
With its potential to become the Shiba Inu ($SHIB) of the Base chain and its compelling narrative, $DAWGZ looks well-positioned to challenge Brett as Base’s top meme coin.
GM Friends 😢 pic.twitter.com/sIC5uKqdRS
— Base Dawgz (@BaseDawgz) August 5, 2024
Although its primary home is Base, Base Dawgz brings a unique multi-chain experience that offers seamless interoperability across different blockchains, spanning Ethereum, Solana, Binance Smart Chain, and AVAX.
Token holders can earn passively through the platform’s staking system, which offers users an impressive annual percentage yield (APY) of 938%.
You can buy DAWGZ tokens on the official website here for $0.008582 using ETH, USDT, BUSD or USDC.
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