Key Takeaways:
- Baby Doge Coin announced a prospective listing on a top ten exchange.
- BABYDOGE price spiked as news hit the wire.
NEW DELHI (CoinChapter.com) — Meme token Baby Doge Coin announced news of a new listing on March 30. The memecoin claimed the latest listing would be on a top ten exchange, helping send BABYDOGE prices soaring.
Among the top 10 exchanges, Baby Doge Coin is listed on OKX and Gate.io. Additionally, Coinbase has not shared plans for listing BABYDOGE. Binance allows users to track BABYDOGE price and trading history, but the meme token is not listed on the exchange for trading.
Baby Doge Coin’s announcement clarified that the new exchange does not allow US users. Although several exchanges, like Binance, KuCoin, etc., do not allow users in the US, BABYDOGE fans would likely hope for a Binance listing.
The memecoin’s community has been vying for the exchange’s attention for some time for a listing. However, it seems unlikely Binance would list a new token, given its recent problems.
Another bullish cue for the meme token might be the upcoming burn event. In Feb, Baby Doge Coin developers announced a burn mechanism for the BABYDOGE token. The mechanism would burn BABYDOGE tokens in the ratio of 5:1, beginning April 1.
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Combined with the BABYDOGE upcoming exchange listing, the meme token might see its rally continue.
Baby Doge Coin Price Welcomes The News
Meanwhile, BABYDOGE price spiked over 46% from March 30 to reach a daily high of $0.00000000307 on March 31.
The uptrend helped the token recoup its losses since Feb 19 this year. However, bears are making their presence felt, evident by the long upper wicks on BABYDOGE token price daily candles.
Additionally, the recent rally pushed the token’s 20-day EMA (red wave) to cross above its 50-day EMA (purple wave) to form a bullish pattern called the golden cross. Market participants usually consider the pattern a signal of positive sentiment and a buy signal.
As buyers enter the market, BABYDOGE price might rise to challenge resistance near $0.00000000317. A break and hold above immediate resistance might help the Baby Doge Coin price rise to $0.00000000382 before downside corrections pare gains.
Conversely, a downtrend might result in the BABYDOGE token price dropping to support near $0.0000000027. Breaching the immediate support level could force Baby Doge Coin price to test support near $0.00000000224 before recovering.
Meanwhile, the momentum oscillator MACD forecasts bullish signals for the meme token, evidenced by the expanding bars on the MACD histogram.
