{"id":585732,"date":"2024-10-10T09:14:58","date_gmt":"2024-10-10T09:14:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=585732"},"modified":"2024-10-10T09:14:58","modified_gmt":"2024-10-10T09:14:58","slug":"dogs-price-prediction-dogs-drops-5-as-traders-pivot-to-this-new-meme-coin-rival-with-691-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogs-price-prediction-dogs-drops-5-as-traders-pivot-to-this-new-meme-coin-rival-with-691-apy","title":{"rendered":"Dogs Price Prediction: DOGS Drops 5% As Traders Pivot To This New Meme Coin Rival With 691% APY"},"content":{"rendered":"

The Dogs price has plunged 6% in the last 24 hours <\/span>to trade at $0.0006754<\/span><\/a> as of 00:31 a.m. EST on trading volume that surged 51% to $281 million.<\/span><\/p>\n

Dogs Price Aiming For A Breakout<\/h2>\n

The Dogs price is in a downtrend, characterized by a series of lower highs and lower lows since early September. The falling wedge pattern drawn on the chart reinforces this downtrend.<\/span><\/p>\n

However, toward the right side of the chart, we see that the Dogs price is consolidating in a sideways range within the $0.000690 range, which could indicate the formation of a potential reversal pattern or accumulation phase, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

The price of Dogs now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the recent downtrend.<\/span><\/p>\n

The RSI is currently at 43.26, which is in the neutral to slightly bearish zone (30-50 range). This suggests that the asset is not oversold or overbought, but it’s leaning toward bearish momentum.<\/span><\/p>\n

If the bears win the struggle for dominance at this level, the price of Dogs could plunge further back to the $0.00055 support zone.<\/span><\/p>\n

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

Conversely, If the price breaks above the top of the rectangle and gains momentum, it could aim for the 50-day SMA at 0.0006876 or possibly higher, as the bulls target $0.0012.<\/span><\/p>\n

As the Dogs price dumps, investors looking for new opportunities might consider the new meme coin <\/span>Crypto All-Stars (STARS)<\/span><\/a>, which has raised more than $2.1 million in presale. <\/span><\/p>\n

ClayBro, a prominent crypto analyst with over 130K subscribers, says STARS has the potential to soar 26X after its launch.<\/span><\/p>\n