Baby Doge Coin (BABYDOGE) Rallies 37% in a Week, Flips Key Resistance Level

Baby Doge Coin rose for four consecutive days, reaching a high of $0.0000000028, its highest level since March.  Puppy.fun airdrop ahead

Baby Doge Coin (BABYDOGE) price has increased in the last four consecutive trading days and reached its highest level since March at $0.0000000028.

Puppy.fun airdrop is coming

Baby Doge Coin (BABYDOGE), one of the biggest meme coins, is up 7 in the last seven days and 0% from its lowest level this year. The market value increased from 180 million dollars in January to 417 million dollars.

The token's rally began when Binance, the industry's largest crypto exchange, listed the token in September. According to CoinGecko, BABYDOGE's 24-hour volume on Binance was $94.23 million, accounting for �% of the total volume. Additionally, the token was recently listed by gaming and crypto exchange BiKing.

The rally also coincides with Puppy.fun's upcoming launch and airdrop. Although details about Puppy.fun are limited, it is expected to be the next meme coin generator in the ecosystem.

These generators have been attracting attention recently. All meme coins produced on Solana's Pump.fun have accumulated a combined market cap of more than $1.3 billion, while fees collected so far have reached $122.48 million. The market value of all Sun Pump tokens exceeds 366 million dollars.

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Although Baby Doge Coin is a meme coin, developers are trying to create a use case for the token. By deploying the BabyDogeSwap DeFi platform, they offer an environment where users can swap, generate income, and purchase NFTs. According to DeFi Llama, BabyDogeSwap's total locked value exceeds $2.14 million.

BABYDOGE token is also on the rise with rumors that it will be listed on Coinbase and that developers will expand the token on Solana (SOL) and other chains.

Baby Doge Coin price broke important resistance

On the daily chart, it can be seen that the BABYDOGE token started to rise in September after its listing on the Coinbase exchange. Previously, it had formed a falling wedge formation, which is a popular indicator used for reversal on the bullish side.

On September 27, the golden intersection formation was formed with the intersection of the 50-day and 200-day moving averages. In most cases, an asset remains bullish after the gold cross.

Baby Doge Coin broke the important resistance point at $0.0000000027 on September 28. Therefore, further rises may come with a break of the $0.0000000028 high level seen on October 9.

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