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DOGS Price Soars 9%, Leading Among Major Meme Coins

Sep 5, 2024
  1. DOGS Price Keeps a Key Support Level
  2. Technicals Suggest DOGS Price Could Soon Rise
  3. Crypto All-Stars Introduces Unique Staking Experience

DOGS price soared more than 9% over the past 24 hours, leading among major meme coins and reaching $0.00108 as of 7:30 a.m. EST. This sharp increase follows the launch of the project’s highly-anticipated token airdrop.

DOGS Price Keeps a Key Support Level

The DOGS price rebounded from the key support level at $0.000955 over the last 24 hours and is now attempting to overcome the major resistance at $0.001186. Should the meme coin flip this barrier into support within the next 24 hours, DOGS might have the technical foundation needed to rise to the subsequent mark at $0.001398 in the short term. If the DOGS price is rejected by the $0.001186 resistance level, the crypto might lose the $0.000955 support, exposing it to the risk of entering a price discovery phase towards the downside.

Technicals Suggest DOGS Price Could Soon Rise

Technical indicators on the meme coin’s 4-hour chart suggest the DOGS price might keep climbing in the coming 24 hours. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are showing positive signs. Over the past 24 hours, the RSI line on the 4-hour chart has soared above the Simple Moving Average (SMA) line. Although the current RSI reading remains below the 50 benchmark, the positive slope of the indicator suggests the RSI might soon break above 50. The MACD line has also crossed above the MACD Signal line in the last few hours, generally seen as an indication of a short-term positive trend.

Crypto All-Stars Introduces Unique Staking Experience

Crypto All-Stars (STARS) will introduce a unique staking experience that will enable investors to earn passive rewards by locking up tokens other than the project’s native STARS meme coin. Through its MemeVault solution, the project offers meme coin lovers a single platform for staking Dogecoin, Shiba Inu, Pepe Coin, Floki, Brett, Mog, Milady Meme Coin, Toshi, Coq Inu, Bonk, and Turbo. More staking options will be added in the coming months.

Currently, DOGS price is showing significant growth, driven by technical indicators that suggest a continuation of the upward trend. Meanwhile, Crypto All-Stars offers investors an opportunity to earn high staking rewards through its new MemeVault solution.

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