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The Dogs price tumbled 2% in the last 24 hours to trade at $0.001014 as of 03:27 a.m. EST on trading volume that also fell 2% to $312 million.
This comes as Coinbase International Exchange announces perpetual futures for DOGS that will start trading on September 19.
@CoinbaseIntExch will add support for Polygon and Dogs perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our POL-PERP and DOGS-PERP markets will begin on or after 9:30 am UTC 19 SEP 2024. $POL $DOGS pic.twitter.com/CJDSLlj3kl
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) September 12, 2024
Dogs Price Aims For A Bullish Trend Reversal
The Dogs price has been in a sustained downtrend in September, with the asset forming a descending triangle pattern. The price now seems to be merging at the end of the triangle, aiming for a breakout in the coming days, with the $0.001007 providing formidable support.
DOGS still trades below the 50-day Simple Moving Average (SMA), coinciding with the current downtrend.
However, the Relative Strength Index (RSI) seems to be trading within the 50-midline level, currently at the 45 neutral zone, showing that the price of Dogs is currently in equilibrium and showing that there may be a possibility of a breakout.
If the Dogs price completes the breakout above, it could soar above the upper boundary of the descending triangle, currently targeting $0.001170.
However, if the Dogs price drops below the lower boundary, $0.000933 acts as the next support zone.
Meanwhile, as the Dogs price aims for a possible bullish trend reversal, investors are buying into the new meme token Crypto All-Stars (STARS), which has amassed over $1.2 million in its presale.
Jacob Bury, a crypto YouTuber with over 42K subscribers, says that $STARS has the potential to soar 10X after its launch.
The Crypto All-Stars Presale Amasses Over $1.2 Million – Next Meme Coin To Explode?
Want to stake DOGE, SHIB, and FLOKI effortlessly, all in one place? Crypto All-Stars, a new player in the crypto world, has got you covered.
What Is Crypto All-Stars?
Crypto All-Stars is set to revolutionize the meme coin sector with its innovative ‘Meme Vault’ platform. 💥
This is more than just another meme coin – it's an entirely new way to interact with the meme coin ecosystem!
— web3telepath (@web3telepath) August 15, 2024
With its innovative MemeVault protocol, users can stake their favorite meme tokens on the platform and earn rewards in STARS, the native token of Crypto All-Stars.
The list of meme coins that can be staked on Crypto All-Stars will include Pepe, Dogecoin, Shiba Inu, Floki Inu, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk. More meme coins will be added.
Token holders can also stake $STARS itself for an annual percentage yield (APY) of 1,198%.
You can buy $STARS tokens for $0.0014419 each right now. However, with a price increase coming in less than 3 days, act fast to buy STARS at the best possible price.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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