In the past 24 hours, the price of Doginphire has skyrocketed by 284% to reach $0.001477 as of 5:34 a.m. EST, accompanied by a 189% surge in trading volume to $4.3 million.
The surge in bullish sentiment can be attributed to a fire emoji tweet from Elon Musk directed at Billy Markus, the co-founder of Dogecoin (DOGE). This tweet triggered FOMO (fear of missing out) among the community, leading to speculation about whether FIRE could emerge as the new DOGE or follow the parabolic trajectories of recent Solana meme coin stars such as Bonk (BONK), Dogwifhat (WIF), Myro (MYRO), and Honk (HONK).
The fervor surrounding FIRE, the newest addition to the world of Solana-based meme currencies, was ignited once again when BitMart crypto exchange revealed their intentions to feature Doginphire on their platform.
The elusive date remains a mystery, but anticipation grows as the exchange prepares to reveal. Meanwhile, the brilliant minds behind the fiery FIRE meme coin proudly announced on X that they have secured two more prestigious listings on the highly coveted “top 10 exchanges.
The Bullish Stance of the Doginphire Price Bulls Endures, Propelling Them Forward with Unstoppable Strength
Rising like fierce bulls from the depths of Doginphire, the mighty FIRE price has conquered the $0.0003642 support level, signaling an end to its consolidation phase and launching into a sustained bullish momentum. And with a breakout from a brief downturn, the bulls have successfully defended against any attempts to push prices down and have set their sights on the coveted $0.001822 supply zone.
At present, FIRE is comfortably trading above the 21 and 50 Simple Moving Averages (SMA), with both acting as reliable support levels for the price. And with a moving average crossover at $0.00006349, the overall bullish trend is further reinforced.
On the technical front, the Relative Strength Index (RSI) is flashing a bullish rebound on the 50 neutral levels, suggesting a potential climb back towards the overbought threshold of 70. And the MACD is in a favorable position, trading above the neutral line and showing a bullish cross of the blue line over the orange signal line, while the histogram remains positive and above the neutral line.
Amidst this bullish fervor, the Doginphire price is predicted to hit $0.002570, a substantial 30% increase from its current level, thanks to the optimistic RSI and MACD readings. However, investors should remain cautious as the bears may still attempt to take control, potentially leading to a price correction and a pullback towards the $0.001259 support level.
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