As a seasoned crypto investor with over a decade of experience under my belt, I’ve seen my fair share of market volatility and meme coin mania. DOGS, the Telegram-native meme coin, has caught my attention due to its recent price movements following the Token Generation Event (TGE) and listing on major exchanges like Binance.
Dogs, a meme coin exclusive to Telegram, has lately sparked interest among crypto enthusiasts due to its remarkable volatility. Bucking the lethargic August market, this asset displayed a significant surge in value the previous day, post its Token Generation Event (TGE) and listing on prominent exchanges. Here’s why experts predict a bullish turnaround for Dogs’ price.
DOGS Price Prediction Hints Recovery Amid Binance’s New Trading Pairs
On August 28, 2024, at 13:00 UTC, Binance is set to debut fresh trading options and enhance its Trading Bot capabilities. The new trading opportunities, such as DOGS paired with BRL and USDC, along with RARE paired with BRL and USDC, will be accessible for trading from that day onwards.
As a crypto investor, I’m excited to share that Binance, the leading exchange by volume, is rolling out Trading Bot services for several pairs including ETH/EUR, SOL/EUR, 1000SATS/TRY, BONK/TRY, PEPE/TRY, and USDC/USDT. These new trading options will become available at 13:00 (UTC) the same day, giving us a fresh opportunity to enhance our investment strategies.
Adding fresh trading options could enhance market activity and give more chances to trade, possibly boosting volatility. Consequently, the forecast for DOGS suggests a likely active price shift this week as it becomes more conveniently available in various locations, broadening its global reach.
DOGE Token Secures Crucial Support
As a researcher, I observed an unexpected plunge in the price of DOGS on August 26th, down to $0.0001. This steep drop coincided with the token unlock of approximately 502.48 billion DOGS, which represented a substantial 92% of the maximum supply. However, following its listing on Binance, the token remarkably bounced back, reaching $0.0012, thereby recuperating a significant portion of its daily losses.
As a researcher examining the performance of the meme coin themed around dogs, I noticed a modest intraday growth of 0.02%. This has pushed its value up to $0.0012. The relatively stable trend offers reassurance for buyers, encouraging them to maintain their positions above the significant psychological barrier of $0.001. With the recent introduction of new trading pairs on Binance, there’s potential for a 153% price increase, allowing the token to challenge the resistance level at $0.0031 once more.
Approaching the oversold zone on the Momentum Indicator’s Relative Strength Index might entice investors to buy tokens at reduced prices.
Before the overhead resistance remains unbroken, the DOGS price forecast might indicate a sideways or bearish movement. If it surpasses $0.0031, this could be an early indication of recovery.
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2024-08-27 16:36