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The DOGS price plummeted more than 22% in the last 24 hours to trade at $0.001243 as of 11:35 p.m. EST as traders dump their holdings in the meme coin on the market.
Throughout the past day of trading, the crypto dropped from an intraday high of $0.001733 to a 24-hour low of $0.001159. It has, however, since recovered to trade at its current level.
The DOGS Price Escapes A Bearish Channel
1-hour chart for DOGS/USD (Source: GeckoTerminal)
The DOGS price was able to escape a short-term negative channel in the last couple of hours. Now, the meme coin finds itself in a consolidation pattern between $0.001087 and $0.001582. This period of sideways trading might be the precursor to a big move.
Should DOGS break out towards the upside, the crypto could attempt to flip the $0.001582 resistance into support. Thereafter, the meme coin might have the technical foundation needed to keep rising in the following few hours. Traders could subsequently push the DOGS price to the next major barrier at $0.002090.
The DOGS Price Still At Risk Of Falling Further
On the other hand, the DOGS price getting rejected by the $0.001582 resistance in the coming few hours might invalidate the bullish thesis. In this alternative scenario, the crypto might be at risk of testing the immediate support level at $0.001087. A drop below this technical crutch could then put DOGS at risk of plunging back within the descending price channel.
While the DOGS price attempts to reverse its current bearish trend, investors are rushing to buy the new Base meme coin Base Dawgz (DAWGZ) before its presale ends.
A Chain-Hopping Base Meme Coin
Base Dawgz (DAWGZ) is a new base meme coin that aims to, at the very least, repeat the success of its predecessor Brett. What sets DAWGZ apart is the seamless cross-chain transaction experience that it grants its token holders.
Although the meme coin calls the layer-2 Base network its home, the crypto also has a presence on multiple other networks. The list of support blockchains includes some of the most active and liquid networks currently in the Web3 space, namely Avalanche, Solana, Ethereum and the Binance Smart Chain.
DAWGZ’s high levels of interoperability are achieved through its integration with Wormhole and Portal Bridge technology. Investors are subsequently able to participate in any DeFi yield-generating opportunities that may present themselves on the supported networks as soon as they emerge.
Base Dawgz’s multi-chain presence and its unprecedented levels of utility have excited analysts and experts. One individual that is bullish on the project is popular crypto YouTuber ClayBro. In a video to his 130,000 subscribers, he said that DAWGZ has what it takes to create the next wave of crypto millionaires.
Time Is Running Out For Investors To Get DAWGZ At ICO Prices
DAWGZ’s presale, which has raised over $3 million, is set to end within the next 48 hours. With time ticking away, investors will want to hurry to acquire the token at its presale price of $0.008173 and get in on the 777% APY on offer to anyone who stakes their tokens at this early stage.
We reached 3 million, DAWGZ!!!
And we are going to end the presale soon. More details to follow soon 🪂 pic.twitter.com/1frFvcX6HV
— Base Dawgz (@BaseDawgz) August 24, 2024
Anyone that wants to gain access to these rewards can purchase DAWGZ via the simple buy widget embedded on its site. Given its multi-chain presence, the meme coin can be bought using either BASE, SOL, ETH, BNB or AVAX. Once purchased, the tokens need to be locked up through the staking page on the website to unlock the high APY.
Purchase and stake DAWGZ for the 777% APY before its presale ends.
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