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UXLINK price is up 39% in the last 24 hours To trade at 0.2066 As of 03:42 AM ET, trading volume was up 1,704% to $392 million.
UXLINK Price Analysis: Is the Downtrend Temporary or a Long-Term Turnaround?
Despite the token’s bullish trend in the last 24 hours, the UXLINK chart shows that the asset has been in a downtrend, showing bearish momentum, according to data from Gecko TerminalThe presence of a rounded top fully confirms the downtrend.
This trend has caused the price of UXLINK to fall below the 50-day simple moving average (SMA) and above the 200-day simple moving average (SMAs), which could indicate a bearish reversal.
The 50-day simple moving average is above the 200-day simple moving average, a situation commonly referred to as a “golden cross,” which can be bullish.
The Relative Strength Index (RSI) is at 43, which is close to the neutral zone. However, it is gradually moving towards the oversold zone, indicating increasing selling pressure.
The blue Moving Average Convergence Divergence (MACD) line is trading above the orange signal line, indicating a bullish crossover.
If the bulls gain momentum at this level, the price of UXLINK could rise, as the bulls are targeting the $0.4000 level.
Conversely, if the market turns bearish, UXLINK could continue its downward trajectory and find support at the 200-day SMA at $0.1740.
Meanwhile, investors are turning to a new base currency called DAWGZ Basewhich is scheduled to be listed on a decentralized exchange (DEX) in about 6 hours.
Base Dawgz Offers Last Chance to Buy – 6 Hours Left Before DEX Launch
Dogs Base Base Dawgz is set to launch on the DEX today at 6pm CET. Backed by over $3.3 million in funding, Base Dawgz offers a unique cross-chain experience.
While Base is its home, it offers seamless interoperability within various blockchains, which include Ethereum, Solana, Binance Smart Chain, and Avalanche.
GM for those who GM
Are you ready for tomorrow? Dogs?
— BaseDawgz (@BaseDawgz) September 3, 2024
The project’s “Be Social for Airdrop” campaign will reward users with points. To participate, you must use your X account to create and share memes and other content about Base Dawgz. After the presale ends, users can redeem these points for their native token, $DAWGZ.
Token holders can also stake DAWGZ for 703% annual return. The team has already allocated 20% of the total token supply to staking.
According to ClayBro, a YouTube cryptocurrency analyst with over 130,000 subscribers, $DAWGZ “could create millionaires.”
With its scheduled listing on the DEX later today, investors will have one last chance to buy $DAWGZ at its listing price of $0.008582.
Buy DAWGZ tokens on the official website here.
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