The big boom in the price of $DOGS

meme coin may be approaching soon.

#DOGS Token Unlocks, Allocation, and Schedule

According to recent reports, the unlocking of the DOGS token is set for one year, from September 1, 2024, to September 1, 2025. With a total supply of 550 billion tokens, the allocation is divided into six different groups. The community airdrop holds the largest portion at 72.74%, followed by marketing with 9.18%. The project plans to maintain 5.45% in liquidity, with team reserves at 5.36%. Binance Launchpad has been allocated 4%, while advisory services hold 3.27% of the total supply. This distribution suggests strong fundamentals and potential growth for the project in the near future.

DOGS (DOGS) Price Action:

Since its launch, DOGS has garnered significant attention, adding over 7% in the past 48 hours, despite market volatility. With a market cap of $541.6 million, it has secured the third position in the Toncoin ecosystem. The Relative Strength Index (RSI) shows a sharp decline on the price chart, indicating increased short-term selling pressure. However, the MACD indicator continues to show a green histogram, with averages trending upward on the chart.

Will DOGS Prices Rise?

If the bulls manage to break through the resistance trendline, the DOGS price may test the resistance level of $0.001145. If bullish momentum continues, it could approach the upper resistance level of $0.001355. Conversely, if bears dominate the market, the token could fall toward its key support level of $0.0009291 this month.

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