The Reddit Dog price surged 225% in the last 24 hours to trade at $0.010 as of 03:39 a.m. EST on trading volume that skyrocketed to $24.65 million.
The Reddit Dog (SNOOFI) price has skyrocketed by 225% in the last 24 hours to trade at $0.010 as of 03:39 a.m. EST on trading volume that has surged to $24.65 million, according to data from GeckoTerminal.
The price movements today have formed a cup-and-handle pattern as the bulls struggle to push the price above the $0.013 resistance.
SNOOFI now trades above the 50-day Simple Moving Average (SMA), which is a confirmation that the asset is on a bullish trend.
Moreover, the Relative Strength Index (RSI) trades above the 50-midline level, currently at 53, as SNOOFI still remains slightly above the neutral zone.
The Reddit Doge price analysis shows a bullish bias, as the bulls aim to capitalize on the cup and handle pattern to sustain the rally. If the bulls exert more pressure at this level, the price of Reddit Dog could soar, as the bulls target $0.015.
Conversely, if the bears take control of the price, SNOOFI could plunge to the support zone around $0.00721.
As the Reddit Dog price soars, investors are also diversifying into a new Shiba Inu alternative called Shiba Shootout (SHIBASHOOT), which has amassed over $981K in its ongoing presale.
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