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The DOGS price has plunged 3% in the last 24 hours to trade at $0.06147 as of 00:59 a.m. EST on trading volume that decreased 43% to $393 million.
Dogs Price Bearish: Is a Rebound Imminent?
The DOGS Price is currently on a downward trajectory and is trading within the falling channel pattern. According to data from GeckoTerminal, DOGS price is exhibiting a bearish trend as the bears seem to have gained control around the $0.001100 resistance zone.
DOGS is trading below the 50-day Simple Moving Average ($0.001034) coinciding with the current trend.
The Relative Strength Index (RSI) is currently at 45 and moving down, which suggests that the asset’s selling pressure is increasing.
However, the Moving Average Convergence Divergence (MACD) is also soaring toward the neutral line, indicating rising momentum. The blue MACD line has also crossed above the orange signal line which might suggest a bullish reversal.
If the bulls successfully stage a bullish trend reversal, the DOGS price could rebound, as they target $0.001100.
However, if the bearish stance continues, DOGS price could plunge back to the $0.00090 support zone.
Meanwhile, investors are rushing to buy the newly launched ICO Memebet Casino (MEMEBET Token), which raised $150K in just a few minutes after its launch on Sept. 10.
According to Cryptonews, a popular YouTube channel with over 10K subscribers, $MEMEBET Token could soar 100X after its launch.
Memebet Token – The Casino for Meme Degens
Memebet Casino is launching the first web and Telegram casino where users can wager with meme coins.
The project aims to plug gaps in the crypto casino market by providing an engaging, meme-rich, and user-centric gambling experience focussed on the degen community of crypto traders
By purchasing MEMEBET Token, players can unlock massive P2E airdrops, special degen rewards, and exclusive VIP benefits.
All in on $MEMEBET
The home of degenerate gamblers & high IQ apes.
Presale, Casino & Airdrop.
Join the presale! 👇 https://t.co/cY4p8PqXzg pic.twitter.com/gkIJbgOXyK
— MemeBet (@Memebetcasino) September 10, 2024
Launching soon, Memebet Casino seeks to revolutionize the decentralized crypto casino space by utilizing $MEMEBET tokens and popular meme coins.
The platform features a variety of casino games, meme coin betting options, high-stakes play, and a sportsbook where users can bet using Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and other meme coins.
Players who wager using $MEMEBET Token earn additional rewards through the platform’s play-to-earn system.
The more you bet with MEMEBET Token, the bigger your rewards. Early adopters can also benefit from an airdrop campaign by purchasing tokens during the presale and using them once the casino is live.
To join the presale, you can buy $MEMEBET Token on the official website here for $0.025 using USDT, ETH, or a bank card. With a price hike coming in about 2 days, buy soon to lock in the best deal.
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