search
Homeweb3.0DOGS Coin Price Declines Sharply Despite Rally, Raising Questions About Its Future Direction

DOGS token price declined sharply on Sept. 8, falling over 10% to a low near $0.0009 before recovering. Despite DOGS prices rallying nearly 3%

DOGS Coin Price Declines Sharply Despite Rally, Raising Questions About Its Future Direction

DOGS token price showed resilience on Sept. 8, recovering from lows to trade above $0.001. However, the token remained in the red over the past 24 hours.

The token’s price has shown volatility, as hype, shilling, and speculation remain the Dogs token’s key bullish cues. The recent price raises questions about what direction DOGS Coin might take in the coming days.

Analyst Seeks Bullish Cues For DOGS Token In NOT Price Action

Independent crypto analyst Han Ji Ahn shared charts on social media comparing the price action of DOGS Coin and NOT Coin. The analyst focused on the price trajectory ten days after their respective TGEs (Token Generation Events).

NOT Coin experienced a 549% rally after an initial dip, recovering sharply. In contrast, DOGS Coin has followed a similar downward path but has yet to show signs of recovery or a significant upward breakout.

The DOGS crypto token price has remained mostly bearish after an initial spike on launch day. DOGS Coin may continue its downtrend unless buying pressure increases and more buyers enter the market.

In another post, Han Ji Ahn highlighted the DOGS token’s high 24-hour trading volume relative to its market cap. A volume-to-market cap ratio of 69.86% indicates substantial trading activity relative to the token’s overall market valuation.

However, the activity occurred during a price decline, indicating that selling pressure might outweigh buying interest. A 27.65% drop in volume reflects potential market exhaustion or profit-taking, further reinforcing the current bearish sentiment around DOGS Coin.

Another critical factor to consider is the ongoing DOGS Coin airdrop. With airdrop recipients still holding their tokens, a large sell-off once the airdrop distribution is complete is a looming possibility.

The influx of tokens into the circulating supply could worsen the bearish pressure against the memecoin. Moreover, airdrop recipients choosing to liquidate their holdings for short-term gains could add to the selling pressure against the DOGS coin. Historically, airdrops tend to introduce sell pressure as users who receive free tokens quickly offload them.

As such, it is unlikely that the token would mirror Notcoin’s bull run, though a minor recovery rally cannot be ruled out.

DOGS Price Recovers Marginally

The Dogs coin price recovered slightly on Sept. 9, before encountering resistance at $0.00104 on the 4-Hour (4H) chart. For the token to continue rising, bulls must overcome this resistance.

Breaking and consolidating above the immediate resistance could help the token rise to the resistance near $0.00111. Conversely, a breakdown from current price levels might force the Dogs coin price to test the support levels near $0.00096 and $0.000914 before recovering.

The relative strength index for DOGS crypto token remained neutral on the 4H charts, with a score of 46.38.

The above is the detailed content of DOGS Coin Price Declines Sharply Despite Rally, Raising Questions About Its Future Direction. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Fartcoin Eyes $1B Valuation as Cold Wallet Becomes the Best Crypto Wallet to Watch in 2025Fartcoin Eyes $1B Valuation as Cold Wallet Becomes the Best Crypto Wallet to Watch in 2025Apr 25, 2025 am 11:22 AM

The crypto market is back in the spotlight as tokens across categories rally on fresh macro optimism. Meme coins like Fartcoin are surging, posting triple-digit gains and overtaking long-standing projects like Floki and Dogwifhat.

5 Cryptos to Buy This Month: Qubetics ($TICS) is Rewriting the Rules of Engagement5 Cryptos to Buy This Month: Qubetics ($TICS) is Rewriting the Rules of EngagementApr 25, 2025 am 11:20 AM

Crypto doesn't stay quiet for long. One minute, it's all charts and chatter, and the next—it's making headlines again. April's been packed with action.

The Best Cryptocurrencies to Invest in Right Now (Updated for 2025)The Best Cryptocurrencies to Invest in Right Now (Updated for 2025)Apr 25, 2025 am 11:18 AM

It’s 2025, and crypto isn’t some niche side gig anymore. It’s in major headlines, on trading floors, and at the center of real conversations about freedom, finance, and innovation.

Stacks (STX) Coin Shows Signs of Recovery, But Will It Break the $1 Barrier or Face a Pullback?Stacks (STX) Coin Shows Signs of Recovery, But Will It Break the $1 Barrier or Face a Pullback?Apr 25, 2025 am 11:16 AM

The crypto market is always in motion, and the question on every trader's mind is what’s next?

Dogecoin (DOGE) Price Gained 2 Percent to Trade Around $0.1814Dogecoin (DOGE) Price Gained 2 Percent to Trade Around $0.1814Apr 25, 2025 am 11:14 AM

The Dogecoin's price rally has heavily been driven by the rising Futures Open Interest (OI). In the past two weeks, Dogecoin's OI surged from around $1.3 billion

Dogecoin (DOGE) Price Gained 2 Percent in the Past 24 Hours to Trade Around $0.1814Dogecoin (DOGE) Price Gained 2 Percent in the Past 24 Hours to Trade Around $0.1814Apr 25, 2025 am 11:12 AM

Dogecoin (DOGE) price gained 2 percent in the past 24 hours to trade around $0.1814

PEPE Shows Resilience Amidst Broader Market Cool Down, Maintaining Strength Above Key Support LevelsPEPE Shows Resilience Amidst Broader Market Cool Down, Maintaining Strength Above Key Support LevelsApr 25, 2025 am 11:10 AM

Despite a slight dip in the last 24 hours, the meme coin remains in a strong weekly uptrend, fueling optimism for a renewed push

New North Dakota Law Could Shield Bayer From Roundup Cancer LawsuitsNew North Dakota Law Could Shield Bayer From Roundup Cancer LawsuitsApr 25, 2025 am 11:08 AM

A new first-of-its-kind law enacted in North Dakota could shield agrochemical manufacturer Bayer from lawsuits claiming it failed to warn customers

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

SecLists

SecLists

SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SAP NetWeaver Server Adapter for Eclipse

SAP NetWeaver Server Adapter for Eclipse

Integrate Eclipse with SAP NetWeaver application server.

SublimeText3 Linux new version

SublimeText3 Linux new version

SublimeText3 Linux latest version

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)