The price of Dogelon Mars fell by 14%, and investors turned to this meme coin

The price of Dogelon Mars has fallen more than 14% over the past 24 hours to trade at $0.0000002871 USD as of 9:56 PM EST, as investors dumped their holdings in the meme coin in the market.

After the recent decline in ELON price, the cryptocurrency is still up more than 42% on the weekly time frame and more than 31% on the longer 30-day time frame.

Support testing Dogelon Mars prices

ELON/USD 4-hour chart (Source: GeckoTerminal)

the Dougillon March The price is a test The support level is at $0.0000002848 USD after a series of lower lows and lower highs on the 4-hour chart. If the meme coin drops below this mark, it could be at risk of falling to the next major support level at $0.0000002234 within the next 24 hours.

Dogelon Mars price closing for the next two 4-hour candles above $0.0000002848 may prevent the bearish movement from continuing. In this alternative scenario, traders may end up identifying the current price levels of cryptocurrencies as a good buying opportunity. This potential buying volume could push the price of Dogelon Mars up toward $0.0000003397 and possibly as high as $0.0000004303.

Technical indicators indicate that the price of Dogelon Mars may continue to decline

Looking at the technical indicators on the 4-hour chart for cryptocurrencies, there are some warning signs emerging Dougillon March The price decline may not be over yet. Traders will want to monitor the Moving Average Convergence and Divergence (MACD) and the Relative Strength Index (RSI), both of which indicate a continued decline in the price of Dogelon Mars over the next 24 hours.

RSI readings have gradually declined from the high 70s to the low 50s over the past trading day, indicating declining buyer power. With the RSI line negatively sloping, it appears that the bears are still staying away from the collective strength of the bulls. If the Relative Strength Index (RSI) falls below the neutral 50 mark, this could indicate that sellers have taken complete control of ELON.

A significant bearish technical signal was also triggered by the MACD indicator in the past 24 hours, after the MACD line crossed below the MACD signal line during this period. This specific technical event is often interpreted as a confirmation that the cryptocurrency has entered a negative trend, as the current widening gap between the two lines warns of growing downward momentum for ELON.

While the price of the Dogelon Mars coin risks falling further in the next 24 hours, investors are turning their attention to a new meme coin competitor called FLOCKwhich offers one last opportunity to purchase at list price before its official launch.

Investors may want to take advantage of this opportunity to buy the meme coin at its listing price, given the series of bullish forecasts made by many cryptocurrency experts. 99Bitcoins, a popular YouTube channel with over 723k subscribers, says FLOCK has the potential to rise 10x after its launch in just over 4 days.

Putting her community first

Flockerz stands out in the crowded coin space due to its strong focus on community. Furthering its mission of putting its community first is an innovative for-profit voting model. This consensus mechanism not only gives each FLOCK holder a say in the future direction of the project, but also rewards investors with additional FLOCK tokens for participating in project management.

Once votes are placed in the project’s decentralized autonomous organization (DAO) called Flocktopia, token holders will receive FLOCK. Through this financial incentive, Flockerz ensures that community members stay involved in the project for the long term, something even non-meme projects struggle to get right.

Voting is not the only way for token holders to obtain FLOCK. There is also an attractive share initiative on offer. Anyone who buys and stakes FLOCK now will unlock access to 244% APY.

Flockerz Presale closes at $13 million

The meme coin’s vote-for-profit approach has excited the cryptocurrency community, as evidenced by the more than $12.9 million bet investors made on the project’s future during the pre-sale. With just over 4 days left until the claim for the project is activated, this staggering increase is likely to increase in the coming days.

🐦 The Flockerz pre-sale has ended! 🐦

🔥 Launching on Wednesday: Monday, January 27 at 2 pm UTC

Until then, tokens can be purchased on our website or in the Best Wallet app at the list price@BestWalletHQ https://t.co/3NUrHUXJzR$ flock Fly together. Developer ads on… pic.twitter.com/DdaJ9nGMb1

– Flockerz (@FlockerzToken) January 22, 2025

Anyone who wants to get into the basic stages of the project can do so by acquiring FLOCK through the simple purchase tool included on their website. The cryptocurrency is sold for $0.0066883 and can be purchased using cryptocurrency or a bank card.

Buy FLOCK here 4 days before it launches.

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