- BABYDOGE Token price action retraces higher to the 50% Fibonacci Level in the daily chart.
- The 24-hours trading volume of the token is $35 Million with a rise of 4.42%..
- The fully diluted market capitalization of the Token has increased by 0.19% in the past 24-hours.
The BABYDOGE Token price retraces higher near the $0.000000003312 mark that coincides with the 50% Fibonacci Level in the daily chart. However, the recent Doji candlestick formation reflects the indecisive nature of the current trend.
Pivot point analysis has shown that resistance levels for the Token are at $0.000000005848, followed by $$0.000000007324. But, sellers could face resistance at $0.000000002242 and $0.000000001411 if the price drops below the $0.000000002533 mark.
BABYDOGE Token price is traded at $0.000000003129; the market capitalization has fallen 2.75% in the past 24 hours. In addition, intraday trading volumes increased by 5% during the last day.
Is It Too Late To Buy BABYDOGE Token?
The BABYDOGE token price suggests a high likelihood of a bearish reversal as the price faces opposition near the key 50% Fibonacci Level. As a result, we can observe a downfall in the token price in the next few days.
The BABYDOGE token prices show a growth in the bullish trend as the price trades above the important EMAs 20,50, and 100 in the 4-hour chart. Moreover, the positive alignment of the EMAs can provide support during the retracement.
The RSI indicator predicts strong underlying bullishness as the RSI slope moves higher above the central line.
MACD indicators show the MACD and signal lines rising on the daily chart. Additionally, the lines indicate a purchase signal as the fast line is above the seller’s line.
Conclusion: The BABYDOGE token price may soon show a reversal in the daily chart as the price approaches the 50% Fibonacci level. As a result, traders can find shorting opportunities shortly.
Resistance– $0.000000005848 or $0.000000007324
Support– $0.000000002533 and $0.000000001411