DOGS Coin Price Prediction 2024: Is It Worth the Hype?

DOGS, a newly launched meme coin on the TON blockchain, has seen a steady decline in price after an initial surge, despite strong community interest.

DOGS price dropped significantly since its launch.

After on-chain withdrawals became active, the price fell 34% over the month and 20% in the past week.

Trading remained volatile in the last 24 hours, with the price ranging between $0.0009969 and $0.001128, as DOGS continued its downward trend.

The asset hit a new all-time low of $0.0009769, testing support twice and holding firm. This resilience hints at a possible bullish reversal.

A recent breakout from a falling parallel channel shows a shift in momentum, signaling a positive trend.

A new parallel channel formed, with support holding at lower levels. If Bitcoin and other meme coins keep declining, DOGS could see another 6-7% drop, as such patterns often break downward.

Despite this short-term risk, DOGS remains a key player in the meme coin space with a $526 million market cap and a top 98 ranking by market capitalization.

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