While the Dogecoin price has always had the power of Elon Musk memes behind it, savvy investors are beginning to question whether DOGE can maintain its spot among top altcoins. With momentum fading, new players like Unilabs Finance are stepping into the spotlight.
Backed by AI and data-driven insights, Unilabs is attracting those looking beyond meme hype toward solid, future-proof gains. Let’s find out what the data says about these projects.
Dogecoin Price Drops 30%: Is the Meme Magic Fading?
The Dogecoin price has seen a major retracement in recent weeks, dropping 30% from its July peak of $0.28. The Elon Musk-backed meme coin is currently testing a key support level at $0.19, raising concerns of whether this will act as a springboard for the next rebound or not.
DOGE price fall follows an excellent July performance in which DOGE reached a five-month high. However, momentum diminished in the last two weeks as market sentiment has cooled.
Despite the recent drop, various technical indications show that DOGE’s long-term uptrend is still intact. The late-July golden cross, in which the 20-day moving average surpassed the 200-day moving average, indicates a positive long-term outlook for the Dogecoin price.
The current Dogecoin price movement indicates that DOGE is attempting to support below both the 50-day exponential moving average (50 EMA) at $0.206 and the 200-day EMA at $0.207. The bulls’ ability to maintain the $0.19 support level will be key in deciding the trajectory ahead.
If DOGE fails to retain its support with a decisive daily finish, particularly on strong volume, bears may push the Dogecoin price down to lower support levels around $0.17 and possibly $0.15. These targets suggest a further 12% to 24% drop from current levels.
Unilabs Finance: The Quiet Giant Set to Outperform DOGE
Even though the recent Dogecoin price drop has disappointed its investors, however, DOGE still gives them hope for a rebound soon. In the meantime, smart investors are rotating their capital into a new project, Unilabs Finance, an AI-backed asset management platform.
Unilabs Finance is an AI-backed DeFi investment project that democratizes access to institutional trading. The platform allows investors to gain access to tools and strategies that were once reserved for elite crypto traders. For example, Unilabs’ AI Market Pulse feature uses AI to equip inexperienced traders with advanced market knowledge and statistics.
This feature lets them identify emerging crypto projects, evaluate their tokenomics, scrutinize their team credibility, observe trading volume, etc. When a user gets a trading signal backed by this amount of on-chain data, it drastically raises the chances of a successful trade.
Furthermore, Unilabs Finance offers a special feature called EASS (Early Access Scoring System) that further aids newbie crypto traders. This system uses metrics like credibility, tokenomics, and innovation to rank lucrative projects and give Unilabs users access to early opportunities. This helps to stay ahead of the crypto market and generate better ROI.
Last but not least, Unilabs also offers a dedicated Memecoin Identification tool that detects trending meme coins before they explode in value. This tool allows users to identify meme tokens on different factors, mainly liquidity, which plays a major role in meme coins.
Stage 5 Success: UNIL’s Presale Crosses $11.5M
Unilabs Finance has recently progressed to Stage 5 of its presale, having sold over a billion tokens and raised over $11.5 million. Currently, Unilabs is trading for only $0.0097; however, it’s projected to appreciate to $0.01 by the time it reaches stage 6.
Based on their UNIL holding, early investors can get up to 30% of the revenue generated on the Unilabs platform. This provides passive, sustainable gains for investors, helping them create a second stream of income. With Unilabs’ presale selling out fast, analysts advise acting promptly or risk missing out on enjoying massive gains.
Discover More About Unilabs Finance:
Presale: https://www.unilabs.finance/
Buy Presale: https://buy.unilabs.finance/
Telegram: https://t.me/s/unilabsofficial
Twitter: https://twitter.com/unilabsofficial
This article is not intended as financial advice. Educational purposes only.
