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Dogs price has dropped by 16% in a week and 8% in the past 24 hours, currently trading at $0.0008432, with trading volume surging by 93% to $278 million as of 00:32 AM EST.
Dogs price is in a downtrend
According to data from GeckoTerminal, DOGS/USD’s 4-hour chart analysis shows that the coin has been in a sustained downtrend since September 14, with bears gaining dominance from the $0.0010 consolidation level.
DOGS price has now fallen below the 50-day Simple Moving Average (SMA) ($0.0009551), which currently acts as an immediate resistance area.
Additionally, the relative strength index (RSI) appears to be rebounding from the oversold region of 30 and is currently at 33, showing that the asset may start to experience some bullish sentiment.
Currently, Dogs price is in a downtrend and is now trading below the lower boundary of the falling wedge pattern.
If the trend continues, DOGS price could fall further to the support level of $0.000746, acting as a buffer against downward pressure.
DOGSUSD Chart analysis source: GeckoTerminal.com
However, the RSI now shows that bulls are gathering momentum. If the positive momentum accelerates at this level, the price of DOGS is likely to break out of the wedge. If the price of Dogs breaks out of the resistance at $0.0009551, the bulls are likely to push the price higher with a target of $0.0010.
Meanwhile, as Dogs price seeks a bullish trend reversal, investors are actively buying into the emerging Meme Coin casino project
Memebet Casino (MEMEBET Token) has raised over $271,000 since the presale started.
Well-known crypto channel Cryptonews, which has more than 11K subscribers on YouTube, said that $MEMEBET Token could surge 100 times after listing.
Memebet Token Surpasses $271K — A Casino for Meme Degen
Memebet Casino is the only online and Telegram casino where you can bet using Meme Coins.
To cater to the Degen community, the Memebet Token team aims to create an excellent user experience in a community-centric environment by offering a diverse range of casino games, sports betting, and high-risk options.
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pic.twitter.com/oR2xja6JFK
— MemeBet (@Memebetcasino)
May 23, 2024
Users can place bets using Meme Coins such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and more.
Additionally, users who place bets using $MEMEBET Tokens can earn additional tokens in return. The more users place bets using $MEMEBET Tokens, the greater their share of rewards will be through the platform’s Play and Earn Gambling component.
Token holders can also receive huge P2E airdrops, special Degen rewards, and exclusive VIP benefits.
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pic.twitter.com/NLds73vdTX
— MemeBet (@Memebetcasino)
May 19, 2024
To participate in the pre-sale, you can buy $MEMEBET Token at the official website at a price of $0.0253, accepting USDT, ETH or bank card payments. Since the price is expected to rise in about 2 days, please buy as soon as possible to lock in the best deal.
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