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The Dogs price has plunged 29% in a week and 15% in the last 24 hours to trade at $0.0006424 as of 00:35 a.m. EST on trading volume that surged 51% to $281 million.
Dogs Price Bearish, Bulls Aim For A Rebound
The Dogs price has been on a sustained bearish trend just after its launch and rolling out its airdrop. Since mid-October, the price has been trading within the confines of the falling wedge, with the price of Dogs recently breaching the lower boundary at $0.00070, according to data from GeckoTerminal.
With the recent downtrend, the price of Dogs now trades below both the 50-day and 200-day Simple Moving Averages (SMAs), cementing the general bearish sentiments.
Moreover, the Relative Strength Index (RSI) seems to be falling below the 30-oversold level, which is currently at 20, showing that the dog’s price is under intense selling pressure and may now be undervalued.
If the current downtrend is sustained, the price of dogs could plunge even more to the next support at $0.00058.
Meanwhile, with the RSI now crossing below the oversold region, DOGS turned out to be undervalued, which may be a buying signal for the bulls.
If the bulls stage a buyback at this level, the price of Dogs may rebound over the wedge as they target the next resistance at $0.001190, having breached the 200-day SMA at $0.00098.
As the Dogs price aims for a bullish trend reversal, investors are shifting to a new meme coin called Crypto All-Stars (STARS), which crypto YouTuber Jacob Bury, with over 42K subscribers, says could soar 10X after launch.
Crypto All-Stars Presale Secures Over $1.9 Million
Crypto All-Stars is off to a roaring start in its presale, having already raised over $1.9 million.
The breakthrough project offers investors an industry first utility: passive income generation for meme coins via unified staking.
Why Is Everyone Excited?
In its initial presale phase, Crypto All-Stars raised over $350k! 💰
This early success shows that investors see BIG potential here. 🚀
Could this be the next $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
It allows the top meme coins in the space, including Dogecoin ($DOGE) and Pepe ($PEPE), to be staked together, enabling their holders to earn a singular reward—the native $STARS token—through the MemeVault protocol.
Shiba Inu, Floki, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk can also be staked on the platform, and more meme coins will be added later.
Investors can also earn passively through the project’s native staking mechanism, which offers an eye-popping 779% annual percentage yield (APY).
You can buy the token now for $0.0014769. The price will increase in about 2 days, so act fast to lock in the best deal.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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