Cloud Soars 35%, But Investors Rush to New Base Meme Coin Before DEX Debut in 5 Days

Cloud Price Surges 35% Amidst High Trading Volume

The Cloud price saw a remarkable increase of 35% in the last 24 hours, reaching $0.2433 as of 00:42 a.m. EST. This surge was accompanied by a significant rise in trading volume, which soared 604% to $17.2 million.

Cloud Price to Continue Soaring

Cloud has experienced a strong upward movement over the past day. Bulls successfully gained control around the $0.1682 consolidation zone, driving the price to the $0.2492 resistance level, as reported by data from GeckoTerminal.

At this resistance level, a double top pattern has formed, leading bears to apply pressure, causing a slight dip in Cloud’s price to $0.214 support.

However, Cloud soon encountered intense buying pressure, pushing the price above a falling channel pattern.

Currently, Cloud is trading well above the 50 and 200 Simple Moving Averages (SMAs) on the 15-minute chart, confirming the bullish trend. Additionally, the Relative Strength Index (RSI) is climbing out of the oversold region, now at 79, indicating strong buyer support as the asset becomes overvalued.

The Moving Average Convergence Divergence (MACD) further supports this bullish trend, moving above the neutral line and signaling positive momentum for Cloud.

Cloud Price Analysis and Future Outlook

According to the Cloud price analysis on the 15-minute chart, the bullish trend is expected to continue as bulls target the $0.26 mark. However, with the RSI indicating that Cloud is currently overvalued, a potential correction could occur. In such a scenario, the 200 SMA at $0.19 may act as an immediate support level.

While Cloud price bulls remain optimistic, other Base meme coin enthusiasts are shifting their attention to Base Dawgz (DAWGZ) as it prepares for its decentralized exchange (DEX) launch on Sept. 4 at 5 p.m. CET.

Base Dawgz Presale Garners Over $3.1 Million – Last Chance to Buy Before DEX Launch

The Base Dawgz presale concluded on Aug. 28, successfully raising over $3.1 million. Built on the Base blockchain, Base Dawgz offers a unique multi-chain experience, enabling seamless interoperability across various blockchains, including Ethereum, Solana, Binance Smart Chain, and Avalanche.

The project is set to launch the “Be Social for Airdrop” campaign, allowing users to earn points by using their X account to create and share memes and other content related to Base Dawgz. After the presale, these points can be exchanged for the project’s native token, DAWGZ.

• The team has allocated 20% of the total token supply for staking.
• Staking DAWGZ offers an impressive 736% annual percentage yield (APY).
• Currently, 38.9% of the 1.69 billion presale tokens have been staked, indicating strong investor confidence in Base Dawgz.

According to ClayBro, a YouTube crypto analyst with over 130K subscribers, DAWGZ “could create millionaires.” To participate in the presale, DAWGZ tokens are available for purchase at $0.008582 each.