{"id":571746,"date":"2024-09-02T06:14:05","date_gmt":"2024-09-02T06:14:05","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=571746"},"modified":"2024-09-02T07:48:17","modified_gmt":"2024-09-02T07:48:17","slug":"dogs-price-plunges-13-as-experts-say-this-new-meme-coin-might-be-the-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogs-price-plunges-13-as-experts-say-this-new-meme-coin-might-be-the-best-crypto-to-buy-now","title":{"rendered":"DOGS Price Plunges 13% As Experts Say This New Meme Coin Might Be The Best Crypto To Buy Now"},"content":{"rendered":"

The DOGS price dropped 13% in the last 24 hours <\/span>to trade at $0.001087<\/span><\/a> as of 00:28 a.m. EST on trading volume that rose 17% to $512 million.<\/span><\/p>\n

This comes as the crypto market tumbled 3% in the last 24 hours to a $2.1 trillion capitalization. Similarly, tokens in the TON ecosystem took a hit as well, with TON<\/a> dropping 5% and NOT dropping 6%.<\/span><\/p>\n

DOGS Price Bearish – Can There Be A Rebound?<\/h2>\n

The DOGS price has invalidated the rounding bottom pattern formed between Aug. 27 and Aug. 29 to drop from the $0.001539 resistance zone, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

The price of DOGS has also been dropping from within a falling channel pattern and has since crossed below the channel’s lower boundary.<\/span><\/p>\n

DOGS now trades below the 50 Simple Moving Average (SMA) on the 1-hour chart, which is an indication that the asset is now in a bearish trend.<\/span><\/p>\n

Moreover, the Relative Strength Index (RSI) still trades below the 30-oversold region, currently at 26, but it is showing signs of rebounding.<\/span><\/p>\n

The RSI shows that DOGS<\/a> is currently undervalued, which offers buyers an opportune time to enter the market. If the buying picks up at this level, DOGS may soar over the falling channel, with $0.001435 acting as the target.<\/span><\/p>\n

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

However, if the selling continues, the price of DOGS may plunge further to the $0.000990 support zone.<\/span><\/p>\n

Meanwhile, other meme coin lovers are rapidly shifting their assets to the new project <\/span>Crypto All-Stars (STARS)<\/span><\/a>.<\/span><\/p>\n

According to Jacob Bury, a popular crypto YouTuber, STARS has the potential to surge 10X after its launch.<\/span><\/p>\n