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Will Richard Dawkins-Inspired Dawkoins Surge 600%? Crypto Analyst Points to ‘Classic Bull Flag Pattern’ in Key Technical Indicators
A seasoned crypto analyst and trader known by the pseudonym Moon said that a A meme coin named after an evolutionary biologist Richard Dawkinswhich is a “community takeover,” is currently in the accumulation zone.
What happened: Dawkoins (CRYPTO:DAW) is trading at around $0.0016, is at a key support level and will pave the way for a rise in value.
“With its current trading price hovering around $0.0016, chart patterns and trading volumes suggest that the coin is consolidating at a support level. This could signify a strong base for a potential uptrend, mirroring the early stages of previous rallies,” Moon wrote in a message shared on Telegram.
Moon continued: “If current conditions persist and investor sentiment remains bullish, Dawkoin could very well be on a trajectory to a 600% increase. Key technical indicators point to a classic bull flag pattern, consolidating after a period of strong upward movement. If Dawkoin breaks above its current resistance with strong volume, the path to $0.0096 seems likely.”
Dawkoins pays homage to Richard Dawkins, the famous evolutionary biologist who had previously introduced the concept of the “meme” in his famous 1976 book, “The Selfish Gene.”
In a tribute to mark his 83rd birthday, enthusiasts launched the meme coin in homage to his contribution to cultural theory.
See more: Best Cryptocurrency Scanners
Why is this important: Dawkins himself recognized “The creativity behind this token. Well, imagine this,” he tweeted, “To commemorate my birthday and the invention of the word ‘meme,’ someone created a meme coin, the Dawkoin. I don’t even know what that means, but it sounds intriguing.”
Tesla CEO Elon Musk was also pleased by Dawkins’ post.
This comes as a trader managed to transform $3,000 Dawkoins to $215,000 Following Coin’s Market Cap Surge to $15 Million After Outperforming Dogecoin (CRYPTO: DOGE) And Shiba Inu (CRYPTO: SHIB).
Similarly, another individual made a staggering 7,467% profit, increasing his initial stake of $555 to over $42,000.
Read more : Here’s How Much You Should Invest In Shiba Inu Today For A $1 Million Salary If SHIB Hits 1 Cent?
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This item Will Richard Dawkins-Inspired Dawkoins Surge 600%? Crypto Analyst Points to ‘Classic Bull Flag Pattern’ in Key Technical Indicators originally appeared on Benzinga.com
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