Analyst Says DOGS Token Price Will Rise 40% to $0.00147

Captain Faibik identifies a breakout of a falling wedge pattern for DOGS token.

The analysis suggests a potential 40% gain in the short term.

DOGS is trading at $0.00104, up 2.03% today, though it has fallen 34% over the past two weeks.

Crypto analyst Captain Faibik sees a potential bull run for DOGS token, a major dog-themed meme coin built on the Telegram-backed Toncoin (TON) network. Faibik expects a 40% price jump once the token breaks out of a descending trendline on the hourly chart. Notably, the newly launched token has been a key meme coin in attracting more users to Web3, reaching the million holders mark on the network in less than seven days of official trading on centralized exchanges including Binance and Bybit.

According to CoinmarketCap, this user base has pushed DOGS into mid-cap altcoin territory, with a fully diluted valuation of around $575 million and an average daily trading volume of over $540 million.

However, the late August frenzy that boosted the price of DOGS was followed by a Bitcoin-led correction that impacted altcoins including DOGS.In particular, DOGS hit an all-time low of $0.0009769 on Wednesday, …

The post “DOGS Token to Rise 40% to $0.00147, Leading Analyst Says” first appeared on Coin Edition.