$DOGS Price Plunge: Will $TON Buzz Spark Recovery? - CoinGape Analytics

The cryptocurrency market has seen some notable fluctuations over the past 24 hours. At the time of writing, the DOGS price hovered at $0.001126, marking a decrease of 7.57% from the previous day. The meme coin has experienced a daily high of $0.001226 and a low of $0.00106. This recent drop follows the token’s peak at an all-time high of $0.001644 just five days ago, indicating a sharp 30.96% fall from its peak value. Despite the day’s losses, DOGS still recorded a gain of over 7.04% from its all-time low, which was set earlier today. If selling pressure increases, the price could retreat to a support level of $0.00112.  If the $0.00112 support fail to hold, a further decline to $0.0011 might occur.

The Moving Average Convergence Divergence (MACD)  indicator underscores this downward. The MACD line (blue) trending below the signal line (orange), and histogram bars show a sustained negative value, indicating potential further declines. According to Coinglass data, the trading volume for DOGS has surged by 52.1% to $1.50 billion. Meanwhile, open interest in DOGS has decreased by 9.79%, currently standing at $120.60 million. This indicates a significant increase in trading activity despite a drop in the total number of open contracts.