{"id":575770,"date":"2024-09-12T08:11:44","date_gmt":"2024-09-12T08:11:44","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=575770"},"modified":"2024-09-12T08:11:44","modified_gmt":"2024-09-12T08:11:44","slug":"dogs-price-climbs-4-in-a-week-but-expert-says-this-shiba-inu-derivative-could-make-millionaires","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogs-price-climbs-4-in-a-week-but-expert-says-this-shiba-inu-derivative-could-make-millionaires","title":{"rendered":"DOGS Price Climbs 4% In A Week, But Expert Says This Shiba Inu Derivative ”Could Make Millionaires”"},"content":{"rendered":"

The DOGS price soared 4% in a week and 2% in the past 24 hours<\/span> to trade at $0.001052<\/span><\/a> as of 00:29 a.m. EST on trading volume that dropped 10% to $350 million.<\/span><\/p>\n

This comes as more than 17 million claimed DOGS tokens in just two weeks in what the project claims is the biggest airdrop in meme coin history.<\/span><\/p>\n

DOGS Price Bulls Aim To Sustain The Bullish Stance<\/b><\/h2>\n

The DOGS price movements in September has experienced some notable pressure from the bulls and bears, which has formed an inverse head and shoulders pattern.<\/span><\/p>\n

The bulls aim to capitalize on the pattern to push the DOGS price further above, with the price now trading above the 50-day Simple Moving Average (SMA).<\/span><\/p>\n

Additionally, the Dogs price seems to be under some intense buying pressure, as the Relative Strength Index (RSI) climbs up towards the 70-overbought region, currently at 53.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) also shows signs of a bullish trend, with the MACD now soaring towards the zero line. Furthermore, the blue MACD line also crosses above the orange signal lie, an indication of a bullish crossover.<\/span><\/p>\n

\"DOGS<\/p>\n

DOGSUSD Chart Analysis (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n

DOGS Price Prediction<\/b><\/h2>\n

According to the DOGS price chart analysis on the 4-hour chart, the RSI and MACD show that the DOGS price is on a positive trajectory, with the bulls using the inverse head-and-shoulders pattern to propel the price even higher.<\/span><\/p>\n

If this momentum continues, the price of DOGS could soar. The first target is at the neckline around $0.00114, and the long-term target is set at $0.001268.<\/span><\/p>\n

Conversely, if the bears take charge of the price, the DOGS price could plunge back to the $0.000927 support level.<\/span><\/p>\n

Meanwhile, investors are turning to the new dog-themed meme token <\/span>Shiba Shootout (SHIBASHOOT)<\/span><\/a>, a Shiba Inu alternative that has amassed over $1.1 million in its presale.<\/span><\/p>\n

According to ClayBro, a prominent crypto analyst and YouTuber with over 130K subscribers, Shiba Shootout ”could make millionaires.”<\/span><\/p>\n