Last Chance For The Bulls

Dogelon Mars price (ELON) is trading sideways in a sea of red. Cryptocurrencies markets are having their worst week of the year as Bitcoin price slid below the $20,000 level on Friday. Dogelon Mars coin showed some strength in this chaos and bounced off immediately after dropping below the 200-day MA.

Elon coin started 2023 with a bang and broke above the $0.0000005 level in February. At one point, the top memecoin was up by 87% for the year, but the bulls failed to hold the $0.0000005 level. Bitcoin’s rejection from the $25,000 level also played a key role in this negative Dogelon Mars price action.

Dogelon Mars Coin Gets Listed On Bitget

Due to its immense popularity, more and more crypto exchanges are listing ELON. As per the latest Dogelon news, the coin has been listed on the leading digital assets exchange Bitget. This makes it the second listing by Dogelon Mars coin on a top-tier exchange, with the first being Kucoin.

You can trade ELON by signing up on Kucoin or Bitget within a few minutes without KYC. Many other popular altcoins are also available on these exchanges with meagre trading fees. The top dog memecoin is currently available at a 37% discount from its year high, but there is still more downside.

Dogelon Mars Price Forecast

Technical analysis shows that ELON is currently trading at its lowest level in the last 2 months. At the moment, the price is getting supported by the 200-day moving average, which lies at $0.0000003163. As soon as the price closes below it, bears can make the Dogelon Mars price prediction of $0.0000002200 a reality.

Therefore, it is better to wait for a strong rebound before jumping into any trade. Close attention must also be given to the BTC price action. A sudden reversal in Bitcoin might trigger a strong rebound in memecoins like Dogecoin, Dogelon, Shiba Inu etc.