Stray Dog Token Pumps Up 3,659% on DEXTools But Crypto Experts are Accumulating This Lesser Known Meme Coin as Next Crypto to Explode – Here's Why
Stray Dog Token (STRAY) has experienced a whirlwind of price action since its listing on June 20, surging an astounding 3,659% before retracing 60% and then trading sideways.
However, following Jerome Powell's comments on interest rate hikes, the meme coin has set a new all-time high and now looks to enter price discovery mode.
In the 15-minute timeframe, the exponential moving averages (EMAs) provide insight into the coin's short-term momentum.
The 20 EMA is currently at $0.007266, while the 50 EMA sits at $0.006065, and the 100 EMA is at $0.005240.
The fact that the shorter-term EMA is above the longer-term EMAs indicates bullish momentum for STRAY, suggesting that the uptrend may continue.
The Relative Strength Index (RSI) is currently at 51.06, which is near the midpoint of its range. This neutral reading implies that the market is neither overbought nor oversold, and further upside is possible. However, traders should remain vigilant for sudden shifts in momentum.
The MACD histogram is at -0.00022807, indicating that the momentum may be slowing down.
This negative reading could be a sign that the recent gains may need to consolidate before the next leg higher. Nevertheless, the overall uptrend remains intact.
In terms of liquidity and volume, STRAY's Uniswap V2 pool information is revealing.
With a total liquidity of $440.03K and a 24-hour trading volume of $3.74M, STRAY currently boasts a market cap of $1.44M.
This suggests that the coin has attracted significant interest and supports the potential for further price appreciation.
At the time of writing, STRAY is trading at $0.008631, up 6.92% so far today after closing yesterday's candle with a strong 59.46% gain.
The coin is currently attempting to consolidate within the
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