{"id":571746,"date":"2024-09-02T06:14:05","date_gmt":"2024-09-02T06:14:05","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=571746"},"modified":"2024-09-02T06:14:05","modified_gmt":"2024-09-02T06:14:05","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 market capitalization. In the meantime, tokens in the TON blockchain took a hit, with TON 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 August 27 and August 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 been dropping from within the falling channel pattern and has since crossed below the channel’s lower boundary.<\/span><\/p>\n

DOGS now trades below the 50-day Simple Moving Average (SMA), which is an indication that the asset is now on 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 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 current 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