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The Dogs price plunged more than 12% on the weekly time frame despite a 3% pump in the last 24 hours to trade at $0.0008855 as of 11:41 p.m. EST.
The DOGS price was able to rise from an intraday low of $0.0008467 to a 24-hour peak of $0.0008913. It has since retraced to trade at its current price.
The Dogs Price Attempting To Escape Consolidation
4-hour chart for DOGS/USD (Source: GeckoTerminal)
The Dogs price has been in a consolidation phase between $0.0008155 and $0.0008973 over the past 48 hours, and bulls are now trying to boost the meme coin out of this range.
Should the crypto close a 4-hour candle above $0.0008973 within the next 24 hours, it could then attempt to flip the $0.0009791 into support as well. Continued buy pressure might then push DOGS up to as high as $0.0010737 in the short term.
Bears are, however, exerting a lot of sell pressure on the Dogs price, which is evident by the wicks present above the latest 4-hour candles. This suggests that sellers are trying to tame the meme coin’s price and prevent it from escaping the current consolidation zone.
If DOGS gets rejected by the $0.0008973 resistance level, it faces the risk of dropping to the immediate support at $0.0008155. If sellers decide to keep dumping the meme coin should it fall to this mark, the Dogs price might then dip below the key price point and continue falling in the following 24 hours.
Bullish Technical Signs Suggest The Dogs Price Will Rise
Looking at indicators on the meme coin’s 4-hour chart, there are technical signs that DOGS will climb through the course of the next trading session. More specifically, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flashing bullish.
A major technical flag was triggered by the MACD line in the last 24 hours as the MACD line crossed above the MACD Signal line during this period. Traders generally see this technical event as a sign that a crypto has entered a positive trend. With the gap between the two lines growing, bullish momentum seems to be intensifying for the Dogs price as well.
RSI readings have also risen from oversold territory to just below the key 50 benchmark during the last trading session. Although RSI readings below 50 indicate that sellers have the upper hand, the current positive slope of the RSI line suggests that bulls could soon steal back the advantage and push the Dogs price up in the coming 24 hours.
While DOGS tries to break out of consolidation, investors are flocking to Crypto All-Stars (STARS) for its astronomical staking rewards.
Bringing Together The Top Meme Coins For Unmatched Staking Rewards
Crypto All-Stars (STARS) offers a staking experience like no other, as it gives investors a single platform to earn passive rewards on their meme coins.
Popular tokens including DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO are all supported on the platform already, and more options will be added in the coming weeks.
By locking up their meme coins, investors will be able to earn rewards that are paid out in the project’s native STARS token. The rewards don’t stop there, however, as STARS can also be locked up for an impressive 939% APY.
This essentially offers meme coin lovers an opportunity to grow their holdings through compounded rewards, which is a rarity in the crypto space.
Crypto All-Stars is set to introduce a high level of utility to the meme coin space through its unified staking platform. By consolidating the appeal of the biggest cryptos in the lighthearted space, the project is poised to make its mark in the digital asset space.
Experts and analysts are bullish on the meme coin, with YouTuber ClayBro telling his 130k subscribers that STARS could 10x after launch.
Investors Rush To Buy STARS At ICO Prices
Investors have bought more than $1.5 million worth of Crypto All-Stars during the project’s ongoing presale so far. With the high staking rewards up for grabs, it’s easy to see why a frenzy has erupted around this young meme coin.
Anyone interested in unlocking the competitive APY can do so by first acquiring STARS through the buy widget embedded on its website.
Selling for $0.0014593, STARS can be bought using either ETH, USDT, BNB, SHIB, DOGE, FLOKI, PEPE or bank cards. Once purchased the tokens can then be locked up via the website’s staking page.
Purchase and stake STARS here for up to 939% in annual rewards.
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