Lokesh Gupta
06-06-2024
#Ben the Dog is a Solana-based cryptocurrency inspired by the compelling story of the Solana project's launch.
On February 26th, $BENDOG began trading and within 18 days, the price reached a high of $0.049500, approximately a 2500% return.
However, bulls faced resistance near the psychological level of $0.050000, causing the price to retrace by nearly 90%.
After a two-month accumulation period, the price began to rise steadily, increasing by 1000% in the last 10 days.
The RSI is in the overbought zone, hovering above 90, and the price is above the Ichimoku Cloud.
According to Coingabbar Prediction, If the rally continues its trend, the price may test $0.10000 levels in the coming weeks.
However, following a 1000% run and an RSI above 90, a correction in the short term could lead the price to test $0.05000 levels.
KEY LEVELS :
RESISTANCE LEVEL : $0.080000-$0.100000
SUPPORT LEVEL : $0.050000-$0.032000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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