Meme Index (MEMEX) Price Pumps Over 10% As Investors Rush To Buy the Dip

The Dogelon Mars price pumped over 10% in the last 24 hours to trade at $0.0000001561 as of 9:39 p.m. EST as investors rush to buy the meme coin.

The Dogelon Mars price dropped below a key support level and technical indicators showed mixed signals in the last few hours as the crypto market continues to trade in red on Thursday morning.

What Happened: According to data from GeckoTerminal, the Dogelon Mars price fell below the support level at $0.0000001581 in the last couple of hours to reach lows of $0.0000001534. If the crypto continues to fall over the course of the next 24 hours, it might end up testing the next technical safety net at $0.0000001477.

If the price of Dogelon Mars manages to recover back above $0.0000001581 in the next 8 hours, it could invalidate the bearish thesis. In this alternative scenario, the meme coin might try to flip the resistance level at $0.0000001631 into support before potentially continuing to rise.

See More: Best Meme Coins To Invest In

From a technical standpoint, Relative Strength Index (RSI) and Exponential Moving Averages (EMAs) showed contradicting signals on the 4-hour chart. RSI readings dropped from above 80 in the overbought region to the low 60s in the last few hours. The current reading above the neutral 50 mark suggests that bulls still have control of the Dogelon Mars price. However, the negative slope of the RSI line warns that this might not be the case for much longer.

9 EMA crossed above the 20 EMA in the last 48 hours. This technical event signaled that ELON entered into a positive trend. The meme coin validated this technical flag and went on to surge in the last few hours.

The 9 EMA is still positioned above the 20 EMA. The shorter momentum indicator is also acting as a dynamic support that is pushing the Dogelon Mars price up. This could indicate that ELON will continue to rise in the short term.

While ELON technicals showed mixed signals, investors continue to flock to the presale for new meme coin rival Meme Index (MEMEX) for gains. According to 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, MEMEX has the potential to be the next 100X crypto.

Giving Investors A New Way To Gain Meme Coin Exposure

With the hype around meme coins in recent months, developers looking to profit from the trend launched multiple new tokens. This influx of meme coins in such a short period of time has made the market oversaturated.

It has also made it more challenging for investors to find the next meme coin gem that could lead to life-changing gains. Scammers have re-entered the market as well, with the number of meme coin rug-pulls on the rise.

Meme Index, with its innovative index offering, aims to give investors an alternative way to gain meme coin exposure that is much simpler and safer. It introduces 4 investment baskets: the Meme Titan Index, the Meme Moonshot Index, the Meme Midcap Index, and the Meme Frenzy Index.

Each of the indexes features multiple meme coins that are grouped according to their perceived level of investment risk. From the relatively safer Meme Titan Index that includes large-cap meme coins to the highest-risk Meme Frenzy Index focusing on new and emerging tokens, Meme Index caters to all risk appetites.

By simply holding MEMEX tokens, investors buy into the baskets the project offers. This makes it much easier to buy into multiple meme coins at once. What’s more, MEMEX holders also get to vote on which meme coins should get added to each basket.

Meme Index Offers Investors Last Chance To Buy In Presale

Meme Index has raised over $4.2 million through its presale so far, signaling strong investor confidence in the project’s future. Now, the ICO has entered the final stage. With just over 6 days left, time is running out for investors to get in on this ground level.

Interested investors can buy MEMEX via the presale widget embedded on the project’s website for $0.0166883 apiece using either ETH, USDT, BNB or a bank card.

Once purchased, the tokens can also be locked up in the project’s presale staking pool that is offering a 548% APY.

Visit the Meme Index website.