Dan Gambardello, a renowned crypto analyst on X, considers DOGS’ recent performance a critical moment. He believes it could reposition the token for major growth. Gambardello shows that the memecoin closed its “highest weekly candle” ever in the DOGS’ price performance chart.
According to data, DOGS’s price stood at $0.0006861 as of this writing. However, within the past 24 hours, the token has traded between a low of $0.0006258 and a high of $0.0006914. The memecoin attempted to test the $0.00070 resistance level before retracing to its current level.
Despite this, the memecoin hit $800 million in volume, fueled by its record-high weekly close. This notably signals the token’s bullish momentum. It also indicates growing investors’ confidence in the TON ecosystem overall.
This trend prompted Gambardello to label it the “most epic memecoin story in crypto.”
He predicts that DOGS might become renowned in the memecoin space, possibly flipping established rivals like Dogecoin and Shiba Inu.
