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The DOGS price soared 4% in a week and 2% in the past 24 hours to trade at $0.001052 as of 00:29 a.m. EST on trading volume that dropped 10% to $350 million.
This comes as more than 17 million claimed DOGS tokens in just two weeks in what the project claims is the biggest airdrop in meme coin history.
DOGS Price Bulls Aim To Sustain The Bullish Stance
The DOGS price movements in September has experienced some notable pressure from the bulls and bears, which has formed an inverse head and shoulders pattern.
The bulls aim to capitalize on the pattern to push the DOGS price further above, with the price now trading above the 50-day Simple Moving Average (SMA).
Additionally, the Dogs price seems to be under some intense buying pressure, as the Relative Strength Index (RSI) climbs up towards the 70-overbought region, currently at 53.
The Moving Average Convergence Divergence (MACD) also shows signs of a bullish trend, with the MACD now soaring towards the zero line. Furthermore, the blue MACD line also crosses above the orange signal lie, an indication of a bullish crossover.
DOGSUSD Chart Analysis (Source: GeckoTerminal)
DOGS Price Prediction
According to the DOGS price chart analysis on the 4-hour chart, the RSI and MACD show that the DOGS price is on a positive trajectory, with the bulls using the inverse head-and-shoulders pattern to propel the price even higher.
If this momentum continues, the price of DOGS could soar. The first target is at the neckline around $0.00114, and the long-term target is set at $0.001268.
Conversely, if the bears take charge of the price, the DOGS price could plunge back to the $0.000927 support level.
Meanwhile, investors are turning to the new dog-themed meme token Shiba Shootout (SHIBASHOOT), a Shiba Inu alternative that has amassed over $1.1 million in its presale.
According to ClayBro, a prominent crypto analyst and YouTuber with over 130K subscribers, Shiba Shootout ”could make millionaires.”
Shiba Shootout Amasses Over $1.1 Million In Its Blockbuster Presale
Shiba Shootout offers a P2E game that is centered around a vibrant digital settlement known as Shiba Gulch, where Shiba cowboys participate in thrilling high-stakes battles while winning rewards in SHIBASHOOT tokens.
With characters like Marshal Shiba and the Shiba Sharpshooters, ShibaShootout offers an immersive experience beyond typical crypto investments. It reimagines the meme coin landscape with its Wild West-inspired ecosystem.
#SHIBASHOOT is blasting off! 🌕🚀
We’ve officially crossed the $1.1M mark! 💰
The energy is electric, and we're just getting started! 🌟
Huge appreciation to our amazing community for making this possible! 🙌 pic.twitter.com/JkD0aucGcG
— shibashootout (@shibashootout) September 11, 2024
Apart from P2E crypto gaming in Shiba Gulch, $SHIBASHOOT holders can also earn passively through the platform’s staking mechanism, which offers 855% in annual rewards.
If you are interested in participating in the presale, you can buy the token right now for $0.0202. Don’t wait too long, though, as a price hike is coming in about 4 days.
Buy SHIBASHOOT tokens on the official website here using ETH, BNB, USDT, or a bank card.
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