{"id":582531,"date":"2024-10-02T08:03:39","date_gmt":"2024-10-02T08:03:39","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=582531"},"modified":"2024-10-02T08:03:39","modified_gmt":"2024-10-02T08:03:39","slug":"dogs-price-plummets-15-as-investors-shift-focus-to-this-new-staking-meme-coin-with-779-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogs-price-plummets-15-as-investors-shift-focus-to-this-new-staking-meme-coin-with-779-apy","title":{"rendered":"DOGS Price Plummets 15% As Investors Shift Focus To This New Staking Meme Coin With 779% APY"},"content":{"rendered":"

The Dogs price has plunged 29% in a week and 15% in the last 24 hours <\/span>to trade at $0.0006424<\/span><\/a> as of 00:35 a.m. EST on trading volume that surged 51% to $281 million.<\/span><\/p>\n

Dogs Price Bearish, Bulls Aim For A Rebound<\/h2>\n

The Dogs price has been on a sustained bearish trend just after its launch and rolling out its airdrop. Since mid-October, the price has been trading within the confines of the falling wedge, with the price of Dogs recently breaching the lower boundary at $0.00070, according to data from GeckoTerminal.<\/span><\/p>\n

With the recent downtrend, the price of Dogs now trades below both the 50-day and 200-day Simple Moving Averages (SMAs), cementing the general bearish sentiments.<\/span><\/p>\n

Moreover, the Relative Strength Index (RSI) seems to be falling below the 30-oversold level, which is currently at 20, showing that the dog’s price is under intense selling pressure and may now be undervalued.<\/span><\/p>\n

If the current downtrend is sustained, the price of dogs could plunge even more to the next support at $0.00058.<\/span><\/p>\n

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

Meanwhile, with the RSI now crossing below the oversold region, DOGS turned out to be undervalued, which may be a buying signal for the bulls.<\/span><\/p>\n

If the bulls stage a buyback at this level, the price of Dogs may rebound over the wedge as they target the next resistance at $0.001190, having breached the 200-day SMA at $0.00098.<\/span><\/p>\n

As the Dogs price aims for a bullish trend reversal, investors are shifting to a new meme coin called <\/span>Crypto All-Stars (STARS)<\/span><\/a>, which crypto YouTuber Jacob Bury, with over 42K subscribers, says could soar 10X after launch.<\/span><\/p>\n