{"id":569905,"date":"2024-08-28T09:26:02","date_gmt":"2024-08-28T09:26:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=569905"},"modified":"2024-08-28T09:26:02","modified_gmt":"2024-08-28T09:26:02","slug":"dogs-price-prediction-dogs-dips-5-as-freedurov-trends-but-top-traders-rush-to-buy-this-2-0-doge-ico-before-it-ends","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogs-price-prediction-dogs-dips-5-as-freedurov-trends-but-top-traders-rush-to-buy-this-2-0-doge-ico-before-it-ends","title":{"rendered":"DOGS Price Prediction: DOGS Dips 5% As FreeDurov Trends, But Top Traders Rush To Buy This 2.0 DOGE ICO Before It Ends"},"content":{"rendered":"

The DOGS price dropped 5% in the last 24 hours <\/span>to trade at $0.001139<\/span><\/a> as of 03:56 a.m. EST on trading volume that plunged 44% to $910 million.<\/span><\/p>\n

This comes as the campaign for the release of the Telegram CEO, Pavel Durov, intensifies, with the #FreeDurov trend gathering momentum.<\/span><\/p>\n

Durov was arrested over the weekend as part of an initial probe into charges involving fraud, drug trafficking, cyberbullying, organized crime, and propaganda of terrorism in the messaging app.<\/span><\/p>\n

DOGS Price Bearish – Bulls Aim For A Rebound<\/h2>\n

Since its launch, the price of DOGS has been on a downtrend, mainly due to the selling pressure from investors who benefitted from their anticipated airdrop.<\/span><\/p>\n

However, according to data from <\/span>GeckoTerminal<\/span><\/a>, DOGS has found support at $0.001116, which has resulted in its price trading within the descending triangle pattern.<\/span><\/p>\n

DOGS has since plunged below the 50-day Simple Moving Averages (SMAs), supporting the bearish trend.<\/span><\/p>\n

Furthermore, the Relative Strength Index (RSI) is on a downward trend below the 50-midline level, indicating that DOGS is currently under intense selling pressure.<\/span><\/p>\n

If the selling pressure intensifies, the price of DOGS could plunge further back to the $0.0010 support, with the bears capitalizing on the descending triangle pattern.<\/span><\/p>\n

\"DOGS
DOGSUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

However, if the DOGS price breaches the upper boundary of the triangle, the bulls may stage a rebound, as they target $0.001484.<\/span><\/p>\n

As the DOGS price bulls aim for a bullish rally to the upside, other investors are rushing to buy the new DOGE derivative, <\/span>PlayDoge (PLAY)<\/span><\/a>, with only one day left until it launches on a decentralized exchange.<\/span><\/p>\n

According to analysts from the 99Bitcoins crypto channel, PLAY could soar 100X after launch.<\/span><\/p>\n