Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

DOGS Price Plunges 13% As Experts Say This New Meme Coin Might Be The Best Crypto To Buy Now

InsidebitcoinInsidebitcoin2024/09/02 09:09
By:Insidebitcoin

The DOGS price dropped 13% in the last 24 hours to trade at $0.001087 as of 00:28 a.m. EST on trading volume that rose 17% to $512 million.

This comes as the crypto market tumbled 3% in the last 24 hours to a $2.1 trillion capitalization. Similarly, tokens in the TON ecosystem took a hit as well, with TON dropping 5% and NOT dropping 6%.

DOGS Price Bearish – Can There Be A Rebound?

The DOGS price has invalidated the rounding bottom pattern formed between Aug. 27 and Aug. 29 to drop from the $0.001539 resistance zone, according to data from GeckoTerminal .

The price of DOGS has also been dropping from within a falling channel pattern and has since crossed below the channel’s lower boundary.

DOGS now trades below the 50 Simple Moving Average (SMA) on the 1-hour chart, which is an indication that the asset is now in a bearish trend.

Moreover, the Relative Strength Index (RSI) still trades below the 30-oversold region, currently at 26, but it is showing signs of rebounding.

The RSI shows that DOGS is currently undervalued, which offers buyers an opportune time to enter the market. If the buying picks up at this level, DOGS may soar over the falling channel, with $0.001435 acting as the target.

DOGSUSD Chart Analysis Source: GeckoTerminal.com

However, if the selling continues, the price of DOGS may plunge further to the $0.000990 support zone.

Meanwhile, other meme coin lovers are rapidly shifting their assets to the new project Crypto All-Stars (STARS) .

According to Jacob Bury, a popular crypto YouTuber, STARS has the potential to surge 10X after its launch.

Crypto All-Stars Raises Over $909K, Racing To The $1 Million Mark

The Crypto All-Stars presale is rapidly gaining attention in the meme coin community, having raised over $909K.

This new meme coin introduces the industry’s first unified staking protocol, MemeVault, which allows top meme coins to be pooled together to earn rewards in STARS.

With the upcoming launch of MemeVault, the STARS token will also be crucial for multiplying the staking rewards that top meme coins can return for investors. This is likely why there has been a buying frenzy around STARS ever since the Crypto All-Stars presale kicked off just over two weeks ago.

MemeVault allows investors to stake popular meme coins including Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk to earn substantial rewards in STARS, which is the platform’s native token. More staking options will be added in the coming months.

In addition to staking other meme coins, users can also stake STARS tokens directly to unlock an impressive annual percentage yield (APY) of 1,569%. 

You can buy STARS tokens for $0.0014191 each. However, with a price increase coming in about two days, you should act fast to get the meme coin at the best possible price.

Purchase STARS from its official website here using BNB, USDT, or a bank card.

Related News

  • Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!
  • Best Meme Coins to Invest in: Top Picks for Exponential Gains! 🚀
  • How to Buy Bitcoin Online Safely
2

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.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

BlockFi’s bankruptcy proceedings ‘golden standard’ compared to FTX: Lawyers

BlockFi and FTX both seem to be nearing the end of their bankruptcy proceedings

Blockworks2024/09/18 08:42

Republican Reps. ask Gensler for clarity on how securities laws apply to airdrops

Reps. Tom Emmer, R-Minn., and Patrick McHenry, R-N.C., gave SEC Chair Gary Gensler two weeks to answer questions about airdrop regulations

Blockworks2024/09/18 08:42