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The DOGS price surged 7% in the last 24 hours to trade at $0.001069 as of 00:59 a.m. EST on trading volume that plunged 31% to 681 million.
DOGS Price Prediction: A Bullish Trend
The DOGS price is moving in an upward trajectory exhibiting a bullish trend. The bulls seem to have capitalized on the rounding bottom pattern at around $0.000944, pushing the price of DOGS up above the $0.00100 level, according to data from GeckoTerminal.
Currently, DOGS price is trading above the 50-day Simple Moving Average (SMA) affirming the bullish trend.
Moreover, the Relative Strength Index (RSI) trades above the 50-midline level, currently at 53 and moving up, confirming the asset’s bullish prospects.
The Moving Average Convergence Divergence (MACD) also displays a bullish crossover, with the blue MACD line crossing above the orange signal line. This further reinforces the current positive prospects for the price of DOGS.
According to the RSI and MACD, the price of DOGS is currently on an uptrend. If this momentum continues, DOGS could soar to the next resistance level at $0.001100.
In an inverse scenario, if the bears prevail, the price of DOGS might plunge to a downward trajectory, with $0.00095 acting as the immediate support level.
Meanwhile, investors are also rushing to buy a new dog-themed meme token called Shiba Shootout (SHIBASHOOT).
According to 99Bitcoins, one of the top crypto education channels on YouTube with over 706k subscribers, SHIBASHOOT has the potential to achieve 100x growth after its launch.
Shiba Shootout Soars Past $1 Million – Best Crypto To Buy Now?
Shiba Shootout isn’t cooling its peacemaker barrel anytime soon, as its presale hits the bullseye with more than $1 million raised.
The project stands out in the crowded meme coin market by offering a unique blend of creativity, strategy, and play-to-earn (P2E) gaming.
This community-driven project goes beyond typical meme coins, and offers an immersive experience set in the fictional town of Shiba Gulch, where Players can earn $SHIBASHOOT tokens by participating in cowboy duels.
In addition to its gaming appeal, Shiba Shootout features a lucrative staking system with an 858% annual yield.
Introducing #CactusStaking! 🌟🌵
Stake your #ShibaShootout tokens on a digital cactus and watch your rewards grow! 🚀🌸 pic.twitter.com/Z8OXUJSb5D
— shibashootout (@shibashootout) August 6, 2024
The token is currently available for $0.0202 each. With a price increase due in less than 6 days, don’t wait too long if you plan to buy.
Purchase $SHIBASHOOT on the official website here using ETH, BNB, USDT, or a bank card.
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