BabyDoge Coin (BABYDOGE) Enters New Market Phase with Whale Accumulation and Binance Listing

BabyDoge Coin (BABYDOGE) has seen increased attention after securing a listing on Binance. Simultaneously, a whale investor known as #MrLUbd

Baby Doge Coin (BABYDOGE) has seen increased attention after securing a listing on Binance. Simultaneously, a whale investor known as #MrLUbd has quietly accumulated 1.72 trillion BABYDOGE over three years, now worth $3.14 million.

A whale investor, known by their code #MrLUbd, has been accumulating Baby Doge Coin (BABYDOGE) tokens over a three-year period, while the memecoin also saw its price surge over 111% following a Binance listing.

As of press time on Sept. 17, the token’s price soared over 111% since Sept. 15, reaching a daily high of nearly $00000000215 with the biggest single-day price spike of nearly 103% observed on Sept. 16.

A key development in the Baby Doge Coin rally was its listing on Binance. On Sept. 16, 2024, the exchange enabled spot trading for Baby Doge under BABYDOGE/USDT. Binance also opened deposits for the token an hour prior to trading, while withdrawals were set to begin on Sept. 17.

However, Binance has been cautious in its approach, classifying the token as high-risk and volatile. The exchange notably tagged BabyDoge Coin with a “seed” tag, further highlighting the token’s volatility.

The Baby Doge Coin price reacted positively to the Binance listing, showing a nearly 16% price increase on Sept. 17. Moreover, the token also saw a massive price surge on Sept. 16, where its price spiked nearly 103% as buyers flocked to the exchange.

If the BABYDOGE price continues to rally, the token could break above the next resistance level around $0.00000000221. Notably, breaking and consolidating above this immediate resistance could help BABYDOGE Coin price target the resistance near $0.00000000285 before paring gains.

On the other hand, a sudden spike like the one BABYDOGE is currently enjoying often attracts the profit-booking crowd. Hence, the BABYDOGE/USD price risks dropping to the support level near $0.00000000154.

Failure of the immediate support level would bring the 100-day EMA (blue wave) support near $0.00000000123 into play, erasing most of the token’s recent gains.