Fwog Price Prediction: FWOG surges 98% as this P2E Doge derivative presale soars to $6 million

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Fwog’s price surged by 98% in the past 24 hours and is trading at $0.03207, with trading volume down 15% to $43 million at 7:20am EST.
Fwog price analysis: Bullish breakout from consolidation zone
FWOG price has recently broken out of the consolidation phase, showing steady bullish momentum, although the battle between bulls and bears is still going on. Bulls have pushed the price higher and it seems that it will soon reach new highs.
The formation of an ascending triangle pattern strengthens this bullish outlook and has the potential to help bulls drive prices to new highs.
FWOGUSD analysis (Source: Dextools.io)
FWOG is trading above the 50 and 200 Simple Moving Averages (SMAs), indicating positive momentum.
The Relative Strength Index (RSI) is trading upwards, bouncing off from below the 50 midline level at 44. Currently, the RSI is above the overbought levels of 74. This suggests that there is strong buying pressure helping the bulls to push the price higher.
Meanwhile, despite the declining MACD indicator, bullish sentiment on Fwog’s price is supported as increasing green bars and a recent cross above the signal line help boost the confidence of bullish traders.
Moreover, as the MACD remains above neutral levels, it is likely to continue rising in favor of buyers and shift the momentum towards the bulls.
Fwog Price Prediction: Bull run expected to continue momentum
FWOG is supported by technical indicators and moving averages, which may help the bulls to push the price above the ascending triangle to new highs. In this case, the bulls may push the price to $0.04519.
However, in the opposite scenario, if the bears take control, the price might drop to the support level of $0.02634.
A hopeful alternative
While Fwog continues its upward momentum,
PlayDoge (PLAY)
Presales are quickly approaching $6 million in funding.
PlayDoge (PLAY) is a new memecoin project inspired by the nostalgic Tamagotchi game from the 90s. The game was a global sensation at the time, selling millions of units, and PLAY aims to recreate the excitement of the time through a blockchain-based version of the game.