DOGS Price Predictions: Can the Meme Coin Recover?
- Current Performance: DOGS, a meme coin on the TON blockchain, has seen a 20% decline over the last week and a 34% drop over the month, partly due to on-chain withdrawals enabling recent investors to sell airdropped tokens.
- Price Trends: The coin is struggling, trading around $0.001048, a significant drop from its all-time high of $0.001644 on August 28, 2024. Recent trading saw prices range from $0.0009769 to $0.001052.
- Resistance and Support Levels: DOGS faces resistance at $0.0015. Breaking this level could target $0.0017 and $0.002. However, failure to hold the current support at $0.00112 could push prices down further to $0.0011.
- Technical Indicators: Indicators like the MACD and Awesome Oscillator show bearish trends, suggesting continued selling pressure and potential further declines.
- Market Activity: Despite the downtrend, trading volume surged 33.58% to $1.30 billion, hinting at strong investor interest amid market volatility.
DOGS continues to navigate a challenging market landscape, with technical and market signals indicating potential risks and opportunities for recovery.
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