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Dogecoin ($ dog) is not just any ol ‘dog-theme meme coin. It is OG, the first is meme coin, and today is one with the highest market capitalization ($ 24.2B). Naturally, Meme coin lover keeps an eye on $ dogi for clues towards the big meme coin market.
In this article, we will unpack the current approach of $ Dogi, explain the reasons for its future being cheerful and alert, and discuss how a concept is like Meme index press The current market can offer the best strategy in the scenario.
$ Doge due to fast
On the monthly and weekly chart, Dogecoin is taking support on significant 0.618 Fibonassi levelThis is a very large purchase signal, as it suggests that tokens have the right amount of improvement and is now ready to continue its long -term rapid trend.
In addition, on weekly time limit, 20 EMA (Experience Moving Average) is still above 50 EMA. This confirms a long -term rapid direction.
Another reason for feeling good about $ Dogi is currently trading at the bottom of a symmetric triangle pattern (on a 2-hour time frame).
The token is also in a significant support/resistance area – the image below is indicated by the blue box. As you can see, this region has seen many upsurge in the past.
If $ Dogo follows a long -term rapid tendency, we can recover our recent high levels of $ 0.48.
$ Dogi’s short -term trend signal caution
Although the big picture of Dogcoin is rapid, its short -term trend is already slow for some time. Actually, the price of $ Dogi is falling since the first week of December.
In addition, all major trend indicators, such as 200, 50 and 20 EMA, daily, 12-hours and 4-hours are sloping down on the downward short-term time limit.
It is always worth noting what is happening in the big meme coin market, which is not really rally, either.
In addition to $ Dogi, major tokens such as $ Shib, $ Pepe, $ Trump, and $ Bone have all turned red in the last seven days.
But when the meme coin market is down, the pressless prevails. As they are not yet publicly listed, crypto presidents can provide a shelter from current instability.
In fact, if you want to invest in $ dog, and other top memes can not wrong with a tool like coins, you like a tool Meme index,
What is Meme index ($ Memex)?
$ Memex is a revolutionary crypto project that will help you reduce when the market is not favorable and when the market changes rapidly at the end produces a heavy ROI.
This is because it is the first provider of meme coin indexed. We have all come into a golden stock market investment strategy to invest our money in index like S&P 500.
Well, $ Memex Mem coin brings the same concept (risk-risk investment) to the location.
The meme index has four index, each of which has a different amount of instability and risk.
$ The beauty of memex, therefore, lies in the fact that you can choose one of the four index based on the hunger and desired advantage of your risk.
- Meme titan index: This is a collection of top eight meme coins, each of which has a market cap of more than $ 1b. You will find installed cryptos like $ dog, $ Shib and $ Pepe, which makes this index ideal if you like to bet on tried and tested coins.
- Meme moonshot index: Rising stars are also known as the index, including eight emerging meme coins that are about to hit 1B in the market cap and, therefore, enter the Mem Titan index. This provides a balanced risk-to-inam probability.
- Meme midcap index: The name probably gives it away. The index consists of meme coins with a market cap between $ 50m and $ 250m. This is ideal for more aggressive investors, who are ready to take additional risk to pursue the possibility of significant advantage.
- Meme mania index: A classification of highly volatile tokens that can either rocket on the moon or fall into the flat, Meme frenzy is tailoring for decance, that is, meme coin investors who prefer to live life on the wild side.
Why is Meme index to explode the next crypto?
By allowing investors to diversify their total investment in many high-affected meme coins, $ Memex Their total risk reduces risk.
In fact, to understand the future ability of $ Memex, you must remember that Meme coins are rapidly growing investment niche. Thanks to the stories of $ Dogi and $ Pepe’s success – and recently, $ Trump and $ Broccoli, investors from all over the world are eventually realizing the ability of the best meme coins.
Mem The new meme coin probably offers the best investment for investors, which is why the $ Memex tops our list of the next crypto to explode.
The meme takes the legwork to find coins of the index meme that can do 10x or 100x, especially in a market that contains thousands of tokens.
Additionally, the index of $ Memex are community-managed. The holders will have a vote on which each index includes tokens. Four index will also be dynamic, which means that they will be updated regularly so that they only keep crop cream at all times.
Such real-time portfolio management is an innovation in the coin market in the management and you can just have an edge that you need.
$ How to benefit from Memex?
If you prefer the idea of buying in an index, $ Memex’s approach to Meme coins may be for you.
You can only get a $ memex for $ 0.0166883, but you will need to move it, as the $ Memex Presley now ends in any minute.
Simply put, this is your last chance to buy $ Memex for such a low price. Once it becomes live, there is a high probability that it will pump to record high – and you will not get it again for such a concessional price.
For more technical information about the project, see Meme index white -paperAlso, follow them X feed And Wire Channel for regular updates.
Even though all indications indicate the fact that $ Memex can join the best low-cap coin after listing, it is important to remember that there is nothing guarantee, especially when it comes to coins.
Therefore, we recommend investing only one amount that allows you to sleep with sound at night.
Last but at least, it is important that you do your research before investing. After all, this guide is only a classification of our opinion and insight – this is not financial advice.