Dogs Price Prediction: DOGS Drops 5% As Traders Pivot To This New Meme Coin Rival With 691% APY
Release: 2024/10/10 17:14 Reading: 502
Dogs Price Trends and Breakout Potential
The Dogs price has experienced a 6% decline over the past 24 hours, currently trading at $0.0006754 with a surge in trading volume of 51%, reaching $281 million.
Technical Analysis
The Dogs price is following a downtrend, characterized by lower highs and lower lows since early September. The falling wedge pattern on the chart underscores this trend.
However, consolidation within a sideways range near $0.000690 suggests the potential for a reversal or accumulation phase. The price remains above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the recent downtrend.
The Relative Strength Index (RSI) stands at 43.26, indicating a neutral-to-slightly bearish zone. This suggests a lack of extreme overselling or overbuying, with a leaning toward bearish momentum.
Support and Resistance
If bearish momentum prevails, the Dogs price may decline to the $0.00055 support level. Conversely, a breakout above the current range could lead to a target of the 50-day SMA at $0.0006876 or potentially higher, with the bulls aiming for $0.0012.
Alternative Investment Opportunity
Amidst the Dogs price decline, investors seeking new opportunities may consider Crypto All-Stars (STARS), a meme coin that has raised over $2.1 million in presale. Analysts believe STARS has the potential for significant gains after its launch.
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