The Dog (Runes) price has skyrocketed 51% in the last 24 hours to trade at $0.002833 as of 7:20 a.m. EST on a 5% surge in trading to $16 million.
Dog(Runes) Price Analysis: Can The Bulls Propel The Price Above The Bearish Channel
The Dog (Runes) price has found an anchor support at $0.0021 after a steep fall that has led to the formation of the bearish channel.
This rebound has empowered the bulls to drive the price in a sharp spike within the bearish channel. If the momentum increases it could push the price above the price above the bearish channel triggering a bull rally ahead.
DOGUSDT Analysis (Source: Tradingview)
bullish traders have the upper hand and support at the lower boundary of the channel. though trading slightly below the 50 and 200 simple moving Averages, the intense momentum could push the price above the averages. this scenario may help the bulls catapult the prices to a a new high.
The Relative Strength Index (RSI) shows a decline from the overbought zone past the 50 midline to the 30 oversold level. Despite this, the resilience of the bulls has caused the RSI to rebound, presenting an opportunity for the bulls to push the price up again. In this scenario, the RSI could potentially rise back to the 50 midline.
On the other hand, the Moving Average Convergence Divergence (MACD) is signaling a bearish trend. The blue average line recently crossed below the orange signal line above the neutral level, suggesting bearish momentum. Additionally, the histogram bars indicate negative price movement, further supporting the bearish outlook.
Dog(Runes) Price Prediction: Bulls May Drive The Price Above The Channel
The bulls have an opportunity to push the price up to the previous high of $0.004275. With support from the RSI and MACD indicators, the DOGS price is showing a positive turnaround as the bulls drive it higher. If the price surpasses the moving averages, it could spark a rally, potentially reaching the $0.005123 resistance level.
Conversely, if the bears take control, they might drive the DOGS price back to the lower trendline of the pattern. Additionally, the moving averages currently serve as resistance along the upper trendline of the channel, indicating that the bears could regain control and push the price down to the $0.002261 support level.
Base Dawgz Presale Zooms Past $2.8 Million
As the DOG price picks up momentum, the new Base meme coin Base Dawgz (DAWGZ) is rocketing towards $3 million in funds raised in its presale.
While the Base blockchain is its home, Base Dawgz offers a unique multi-chain experience with seamless interoperability across Ethereum, Solana, Binance Smart Chain, and Avalanche.
So yesterday was a wild ride huh?
Did you make any gains? 🛩️ pic.twitter.com/RjJ2KZ62kw
— Base Dawgz (@BaseDawgz) August 6, 2024
Holders can also stake DAWGZ tokens to earn an impressive 956% annual percentage yield (APY). The team has already set aside 20% of the token supply for staking.
The project will also launch the “Be Social for Airdrop” campaign to reward users with points. All you have to do is use your X account to create and share memes and other content about Base Dawgz. After the presale ends, users can exchange these points for $DAWGZ tokens.
According to ClayBro, a crypto analyst on YouTube with over 130K subscribers, $DAWGZ “could create millionaires” once it goes live.
If you are drawn to the presale, you can buy DAWGZ tokens on the official website for $0.007414 each. But don’t wait too long because the price will increase in less than 7 days.
Buy DAWGZ tokens here using ETH, USDT, BUSD, or USDC.
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