The DOGS price continues to fall, causing concern among investors. We analyze current trends and recovery possibilities.
Current DOGS Price Situation
DOGS price has plunged 37% in a month and 4% in the past 24 hours, reaching $0.0009841. Trading volume increased by 33%, totaling $517 million. Bears gained control at the $0.00117 resistance level. Since then, DOGS price has been below the 50-day Simple Moving Average (SMA), confirming the current downtrend.
Recovery Possibilities
The Relative Strength Index (RSI) shows a rebound from the 30-oversold region, heading towards the neutral zone at 42. This indicates some buying pressure. Continued bullish pressure may lead to a breakthrough above the upper boundary of the falling channel, targeting $0.0013382. If the current bearish trend continues, DOGS price may correct to the $0.000880 support zone.
Alternative Investment Solutions
Amid DOGS price decline, investors are turning to Shiba Shootout (SHIBASHOOT), which has raised over $1 million in its presale. The project features the P2E game Shiba Sharpshooter, where players engage in gunfights as Shiba Inu-themed cowboys to earn SHIBASHOOT tokens. The game has already amassed over 1,000 downloads on the Google Play Store, with a Web3 app launch planned.
The DOGS price continues to decline, but a recovery is still possible under certain conditions. Meanwhile, the emergence of new investment projects provides alternative opportunities for investors.
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