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The DOGS price has plunged 37% in a month and 4% in the last 24 hours to trade at $0.0009841 as of 00:41 a.m. EST on trading volume that rose 33% to $517 million.
DOGS Price Bearish – Bulls Preparing For A Rebound
The DOGS price has been on a downtrend in September, as the asset traded within the falling channel pattern. According to data from GeckoTerminal, the bears gained control around the $0.00117 resistance.
Since then, the DOGS price has been trading below the 50-day Simple Moving Average (SMA), coinciding with the current downtrend.
However, the Relative Strength Index (RSI) seems to be rebounding from the 30-oversold region, currently hurling towards the neutral zone at 42, which indicates that the asset is currently undertaking some buying pressure.
Continued bullish pressure may see the price of DOGS soar over the upper boundary of the falling channel as the bulls target $0.0013382.
However, if the current bearish trend continues, the DOGS price may sustain a correction to the $0.000880 support zone.
Meanwhile, investors are rushing to buy Shiba Shootout (SHIBASHOOT), another dog-themed token that has amassed over $1 million in its presale.
Shiba Shootout Presale Blasts Past $1 Million, Best Crypto To Buy Now?
Shiba Shootout draws its inspiration from the legendary meme coin titan Shiba Inu. And it takes its token holders on a journey into the crypto Wild West, where players engage in intense gunfights as Shiba Inu-themed cowboys, earning SHIBASHOOT tokens along the way.
The project goes beyond the conventional limits of meme coins, taking the holder on a captivating adventure filled with creativity, strategic gameplay, and the allure of a cowboy’s high-stakes showdown.
Master #Crypto strategy with #Shiba cowboys in thrilling duels for big rewards! 🌟 Join the adventure!
Sign up now to get your free $SHIBASHOOT tokens!
Jump in the fun! 🚀 https://t.co/jCeu7XMBqR pic.twitter.com/YjlGaaluBT
— shibashootout (@shibashootout) June 28, 2024
Its P2E game, called Shiba Sharpshooter, is built around the town of Shiba Gulch, a bustling digital settlement that is a favorite with Shiba lovers who come together to challenge each other.
The mobile game has already amassed over 1,000 downloads on the Google Play Store, and a Web3 app is soon to launch.
Apart from P2E crypto gaming in Shiba Gulch, $SHIBASHOOT holders can also easily earn passively through the platform’s staking mechanism, which offers 860% in annual rewards.
According to the crypto channel 99Bitcoins, with more than 706k subscribers, investors who buy $SHIBASHOOT can earn “insane rewards.“
If you are interested in participating in the presale, you can buy the token for $0.0201. But hurry as the price will increase in less than an hour.
You can buy SHIBASHOOT tokens on the official website here using ETH, BNB, USDT, or a bank card.
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