Dogs Price Plummets 8% As Experts Say This Meme Coin Casino Token Might Be The Best Crypto To Buy Now
The Dogs price has plunged 16% in a week and 8% in the last 24 hours to trade at $0.0008432 as of 00:32 a.m. EST on trading volume that skyrocketed 93% to $278 million.
Dogs Price On A Bearish Trend
The DOGS/USD chart analysis on the 4-hour chart shows that the token has been on a sustained downtrend since September 14, after the bears won the struggle for dominance from the $0.0010 consolidation level, according to data from GeckoTerminal .
DOGS price has now tumbled below the 50-day Simple Moving Average (SMA) ($0.0009551), which now acts as the immediate resistance zone.
Moreover, the Relative Strength Index (RSI) seems to be rebounding from the 30-oversold region, which is currently at 33, showing that the asset may start experiencing some bullish sentiments.
Currently, the Dogs price is on a bearish trend, as it now trades below the lower boundary of the falling wedge pattern.
If the trend continues, the DOGS price may plunge further to the $0.000746 support, acting as a cushion against downward pressure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Bitget Spot Bot adds MOODENG/USDT
We are pleased to announce that Bitget spot bot has now added: MOODENG/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your ow