Dogelon Mars Price Drops 14%, Investors Pivot To This Meme Coin

The Dogelon Mars price plunged over 14% in the last 24 hours to trade at $0.0000002871 as of 9:56 p.m. EST as investors dump their holdings in the meme coin on the market.

Following the latest drop in the ELON price, the crypto is still up more than 42% on the weekly time frame and over 31% on the longer 30-day time frame.

Dogelon Mars Price Testing Support

4-hour chart for ELON/USD (Source: GeckoTerminal)

The Dogelon Mars price is testing the support level at $0.0000002848 following a sequence of lower lows and lower highs on the 4-hour chart. Should the meme coin fall below this mark, it could stand the risk of dropping to the next major support level at $0.0000002234 in the next 24 hours.

The Dogelon Mars price closing the next 2 4-hour candles above $0.0000002848 might stop the bearish move from continuing. In this alternative scenario, traders could end up identifying the crypto’s current price levels as a good buy opportunity. This potential buy volume might then push the Dogelon Mars price up towards $0.0000003397 to possibly as high as $0.0000004303.

Technical Indicators Suggest The Dogelon Mars Price Might Keep Dropping

Looking at technical indicators on the crypto’s 4-hour chart, there are some warning signs that show the Dogelon Mars price drop may not be over yet. Traders will want to keep an eye on the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), which both point to a continued decrease in the Dogelon Mars price in the coming 24 hours.

RSI readings have gradually dropped from the high 70s to the low 50s over the course of the past trading day, which signals a reduction in buyer strength. With the negative slope of the RSI line, it seems bears are still chipping away at bulls’ collective strength. Should the RSI drop below the neutral 50 mark, it could indicate that sellers have taken full control of ELON.

A major bearish technical flag was also triggered by the MACD in the last 24 hours, after the MACD line crossed below the MACD Signal line during this period. This specific technical event is often interpreted as a confirmation that a crypto has entered a negative trend, with the current growing gap between the two lines warning that ELON’s bearish momentum is intensifying.

While the Dogelon Mars price risks dropping some more in the next 24 hours, investors are turning their attention to a new meme coin rival called Flockerz (FLOCK), which is offering one last chance to buy at listing price before its official launch.

Investors might want to take advantage of this opportunity to buy the meme coin at its listing price, given the series of bullish predictions made by multiple crypto experts. 99Bitcoins, a popular YouTube channel with over 723K subscribers, says that FLOCK has the potential to soar 10X after its launch in just over 4 days.

Putting Its Community First

Flockerz stands out in the crowded meme coin space due its strong community focus. Powering its mission to put its community first is an innovative vote-to-earn model. This consensus mechanism not only gives every FLOCK holder a say in the project’s future direction, it also rewards investors with additional FLOCK tokens for participating in the project’s governance.

By simply placing votes in the project’s decentralized autonomous organization (DAO) called Flocktopia, token holders will receive FLOCK. Through this financial incentive, Flockerz ensures that community members stay engaged with the project in the long run, which is something even non-meme coin projects struggle to get right.

Voting is not the only way for token holders to receive FLOCK. There is also an attractive staking initiative on offer. Anyone who buys and stakes FLOCK now will unlock access to a 244% APY.

Flockerz Presale Closes On $13 Million

The meme coin’s vote-to-earn approach has excited the crypto community, which is evident by the more than $12.9 million bet investors have taken on the project’s future during its presale. With just more than 4 days left until the project’s claim goes live, this impressive raise is likely to rise in the coming days.

🐦 The Flockerz Presale phase has ended! 🐦

🔥Wen Launch: Monday January 27th at 2pm UTC

Until then, tokens can be purchased on our website or in the Best Wallet app at listing price@BestWalletHQ https://t.co/3NUrHUXJzR$FLOCK Fly Together. Developer announcements on the… pic.twitter.com/DdaJ9nGMb1

— Flockerz (@FlockerzToken) January 22, 2025

Anyone that wants to get in on the ground stages of the project can do so by acquiring FLOCK through the simple buy widget embedded on its website. Selling for $0.0066883, the crypto can be bought with both crypto or bank card.

Purchase FLOCK here before its launch in 4 days.

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