In this DOGS (DOGS) price prediction 2024, 2025-2030, we will analyze the price patterns of DOGS by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
DOGS (DOGS) Current Market Status
What is DOGS (DOGS)
DOGS meme coin is a lively project built on the TON Blockchain. It uses Telegram’s large user base and meme culture to introduce people to blockchain technology. Featuring a popular dog mascot created by Telegram’s founder, the initiative focuses on fun, community-driven activities, including tokenized stickers, and aims to offer fair rewards and ownership to its users.
It has got huge attention in the crypto market. With the launch of the new DOGS memecoin, the TON Network has experienced significant excitement. However, the blockchain also faced challenges, including a 7-hour outage and an additional 3-hour congestion due to the DOGS airdrop. Later, Toncoin resumed block production, and normal operations were restored.
DOGS 24H Technicals
DOGS (DOGS) Price Prediction 2024
DOGS (DOGS) ranks 143rd on CoinMarketCap in terms of its market capitalization. The overview of the DOGS price prediction for 2024 is explained below with a daily time frame.
In the above chart, DOGS (DOGS) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of DOGS (DOGS) was recorded at $0.0008388. If the pattern trend continues, then the price of DOGS might reach the resistance levels of $0.0009171, and $0.0012035. If the trend reverses, then the price of DOGS may fall to the support of $0.0008154.
DOGS (DOGS) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of DOGS (DOGS) in 2024.
From the above chart, we can analyze and identify the following as the resistance and support levels of DOGS (DOGS) for 2024.
DOGS (DOGS) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of DOGS (DOGS) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current DOGS (DOGS) market in 2024.
DOGS (DOGS) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of DOGS (DOGS) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of DOGS (DOGS).
Comparison of DOGS with BTC, ETH
Let us now compare the price movements of DOGS (DOGS) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of DOGS is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of DOGS also increases or decreases respectively.
DOGS (DOGS) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of DOGS (DOGS) between 2025, 2026, 2027, 2028, 2029 and 2030.
Conclusion
If DOGS (DOGS) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish DOGS (DOGS) price prediction for 2024 is $0.0013372. Comparatively, the bearish DOGS (DOGS) price prediction for 2024 is $0.0005822.
If there is a positive elevation in the market momentum and investors’ sentiment, then DOGS (DOGS) might hit $0.001. Furthermore, with future upgrades and advancements in the DOGS ecosystem, DOGS might surpass its current all-time high (ATH) of $0.001644 and mark its new ATH.
This content was originally published by our partners at The News Crypto.