DOGS price has dropped 3% in the last 24 hours, trading at $0.06147 as of 00:59 a.m. EST. The trading volume has decreased by 43% to $393 million.
DOGS Price Decline
The DOGS price is currently on a downward trajectory and is trading within the falling channel pattern. According to data from GeckoTerminal, the DOGS price is exhibiting a bearish trend as the bears seem to have gained control around the $0.001100 resistance zone.
Rebound Prospects
DOGS is trading below the 50-day Simple Moving Average ($0.001034) coinciding with the current trend. The Relative Strength Index (RSI) is currently at 45 and moving down, suggesting that the asset’s selling pressure is increasing. However, the Moving Average Convergence Divergence (MACD) is also soaring toward the neutral line, indicating rising momentum. The blue MACD line has also crossed above the orange signal line, which might suggest a bullish reversal. If the bulls successfully stage a bullish trend reversal, the DOGS price could rebound, targeting $0.001100. If the bearish stance continues, DOGS price could plunge back to the $0.00090 support zone.
Memebet Token Launch
Meanwhile, investors are rushing to buy the newly launched Memebet Token (MEMEBET), which raised $150,000 in just a few minutes after its launch on September 10. The Memebet Token project is launching Memebet Casino, the first web and Telegram casino where users can wager with meme coins. The project aims to plug gaps in the crypto casino market by providing an engaging and meme-rich gambling experience focused on the crypto traders' degen community. By purchasing Memebet Token, players can unlock massive P2E airdrops, special degen rewards, and exclusive VIP benefits.
The DOGS price is under pressure, but a bullish reversal is possible. Meanwhile, interest in Memebet Token is growing, attracting investors' attention.
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