Dog Runes Price Prediction: DOG Surges 51 But Traders Turn to DAWGZ Meme Coin ICO to Buy the Dip

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The price of Dog (Runes) has surged by 51% in the past 24 hours, trading at $0.002833 as of 7:20 AM ET, with trading volume up 5% to $16 million.
Dog (Runes) Price Analysis: Can bulls push the price above the bearish channel?
The price of Dog (Runes) has found support at $0.0021 after a sharp decline, which has led to the formation of a bearish channel.
The rally has allowed the bulls to push the price up quickly within the bearish channel. If the momentum increases, it could push the price above the bearish channel, sparking a bull run.

DOGUSDT analysis (Source: Tradingview)
Bullish traders have the upper hand with support at the lower boundary of the channel. Although the price is trading slightly below the 50-day and 200-day simple moving averages, strong momentum is likely to propel the price above these averages. In this case, the bulls are likely to propel the price to new highs.
The Relative Strength Index (RSI) showed a decline from the overbought zone, passing through the midline of 50 to reach the oversold level of 30. Nevertheless, the resilience of the bulls has caused the RSI to rebound, giving the bulls a chance to push the price again. In this case, the RSI is likely to rise again to the midline of 50.
On the other hand, the Moving Average Convergence Divergence (MACD) indicator is signaling a bearish trend. The blue average line recently crossed below the orange signal line above the neutral level, suggesting bearish momentum. Moreover, the histogram bars are showing negative price swings, further supporting the bearish outlook.
Dog (Runes) Price Prediction: Bulls May Push Price to Breakout of Channel
The bulls have a chance to push the price to the previous high of $0.004275. The bulls are pushing the price up as the RSI and MACD indicators show a positive turn. If the price breaks above the moving averages, it could trigger an uptrend with a potential target at the $0.005123 resistance level.
Conversely, if the bears take control of the market, they might pull the DOGS price back to the lower trendline of the pattern. Moreover, the current moving averages act as resistance at the upper trendline of the channel, suggesting that the bears might regain control of the market and push the price down to the support level of $0.002261.
Base Dawgz pre-sales have exceeded 2.8 million US dollars
As DOG price rises, newly launched Base meme coin
Base Dawgz (DAWGZ)
Funds raised in the presale are rapidly approaching $3 million.
While the Base blockchain is its home, Base Dawgz offers a unique multi-chain experience, enabling seamless interoperability between Ethereum, Solana, Binance Smart Chain, and Avalanche.
So it was quite a wild ride yesterday, wasn’t it?
Did you make money? ️
pic.twitter.com/RjJ2KZ62kw
— Base Dawgz (@BaseDawgz)
August 6, 2024
Holders can also stake DAWGZ tokens and earn an impressive 956% annual yield (APY). The team has reserved 20% of the token supply for staking.
The project will also launch a "Social for Airdrop" campaign to reward users with points. All you need to do is create and share funny pictures and other content about Base Dawgz using your X account. After the presale ends, users can redeem these points for $DAWGZ tokens.
According to ClayBro, a crypto analyst on YouTube with over 130,000 subscribers, $DAWGZ “could potentially create a millionaire once it goes live.”
If you are interested in the presale, you can buy DAWGZ tokens at the official website for $0.007414 each. But don’t wait too long, as the price will go up in less than 7 days.
Buy DAWGZ tokens here using ETH, USDT, BUSD, or USDC.
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