Meme Index (MEMEX) Presale Smashes $4M – 14 Days Left To Buy

The price of Dogecoin dropped by more than 1% in the last 24 hours to trade at $0.1723 as of 3:12 a.m. EST on Thursday. The trading volume also increased significantly by 55% to reach $1 billion.

This pullback in the DOGE price comes just a few days after the leading meme coin flipped Cardano to become the eighth biggest cryptocurrency by market cap.

As the meme coin approaches the critical breakout point, traders are keeping an eye on key technical indicators that may support a significant rally.

One of the most interesting signals is the formation of a golden cross, where the 50 Simple Moving Average (SMA) crosses above the 200 SMA at $0.1735. This event, which happened on the 1-hour chart, often marks the beginning of bullish momentum, reinforcing speculation that DOGE could be gearing up for a major rally.

According to the latest price analysis, the 50 SMA at $0.1728 is acting as a short-term resistance level, while the 200 SMA at $0.1698 provides strong support, suggesting that Dogecoin is gaining strength, according to GeckoTerminal data.

Furthermore, the Relative Strength Index (RSI) stands at 53.74, indicating neutral momentum and leaving ample room for a price surge.

According to the DOGE/USDT analysis, the descending wedge pattern and the Dogecoin price nearing the breakout point, the asset is likely to see a breakout soon.

If the price of DOGE successfully moves above $0.173, the next major resistance is around $0.20. On the downside, strong support remains at $0.1698, backed by the 200 SMA on the 1-hour chart.

If bullish momentum prevails, DOGE could see an 18% rally in the coming days. A continued push could also see the price of Dogecoin push to the $1 level.

However, a failure to break out could result in further consolidation within the wedge. The support at $0.150 provides a cushion against downward pressure.

As traders continue to place their bets on DOGE’s potential, investors are shifting focus to a new meme coin called Meme Index (MEMEX). According to 99Bitcoins, a prominent crypto channel on YouTube with over 725K subscribers, MEMEX has the potential to be the next 100x crypto.

Meme Index Presale Smashes $4M – 14 Days Left To Buy

What do you do if you want to own the best meme coins but don’t know how to choose between them?

That’s a question Meme Index answers, which has led to investors pouring into the project. Its presale has already garnered over $4.06 million, with only 14 days left before the opportunity closes.

The new project is building the first on-chain meme coin index investing platform, which will provide crypto users with a hassle-free way to get diversified exposure to the sector.

The MEMEX token offers four diversified investment baskets: the Meme Titan Index, the Meme Moonshot Index, the Meme Midcap Index, and the Meme Frenzy Index. Each basket caters to varying risk appetites, from relatively safer options like Meme Titan to the highest-risk Meme Frenzy, which features emerging and highly volatile meme coins for those seeking high returns while willing to accept high risk.

MEMEX holders can also participate in the project’s presale staking pool, which currently provides a stratospheric annual yield of 562%.

You can purchase MEMEX tokens on the official website for just $0.0166883.

Buy MEMEX on its official website.