DOGS meme coin recently launched after a long wait. The newly launched crypto DOGS saw a surge of 210% within 3 days of launch on exchanges. The airdrop holders can now claim their tokens and convert them to fiat. Due to the very high demand for DOGS coins, there was a TON blockchain network outage. The trading volume hit $2B on DOGS coin on launch day because of its massive demand and interest. Despite the tremendous surge in price, investors are muddled about the future price of dog coin. This article discusses the price prediction of DOGS coins.
Performance of DOGS coin upon launch
According to Coinmarketcap, DOGS started trading at $0.001169 on exchanges and it is down 20% from that price. After the launch, the coin reached an all-time high of $0.00178 giving a price surge of 230%. The opening market capitalization value was around $800m and now it is sitting at $650m. The performance of the newly launched dog-based meme coin has been quite decent. Further, we are about to dive deeper into forecasting the price of the Dogs token compared with already successful similar tokens like NOT coin.
Technical Analysis of DOGS Coin
The Dogs coin is currently holding support from the range lows. The price seems to be fairly stabilized here. The $DOGS price should not close the daily candle below $0.001704, which is currently the bottom range support zone. As long price is not breaking and closing daily below $0.001704, the coin is good and we can expect a reversal to the upside.
Another important technical to check is the down trendline which is has tested many times and the price has now come above it and is consolidating quite strongly here. The break of this trendline is very important for dogs coin price to continue climbing upwards as this is the major resistance. Fortunately, the price is above the trendline and has very well retested the break of a downtrend.
RSI on 1h timeframe looking good
The ‘Relative strength index’ RSI on the DOGS coin chart is looking very good. We can spot a break of the down trendline on RSI along with 2 lower highs forming. The chart also shows strong signs of strength in RSI with double bottoms of equal swing lows. The swings and lows with equal or forming one over the other are good signs of strength in the chart. From the perspective of RSI, the chart of DOGS coin looks absolutely strong. We can expect a continuation in price if relative strength remains intact.
Final Words on TA of $DOGS coin
Overall, the technical analysis of the DOGS coin is looking fine. The is on the lower support of the range bottom, consolidating below the down trendline, and is still below the 1h golden pocket. We could expect to see a breakout sooner in the chart if the overall crypto markets turn favorable. There is nothing much to conclude about the technical analysis of the DOGS coin here.
DOGS coin price predictions
| Year | Average Price | Potential Low | Potential High |
|---|---|---|---|
| 2024 | $0.0017 | $0.0013 | $0.0053 |
| 2025 | $0.0031 | $0.0014 | $0.0143 |
| 2026 | $0.0014 | $0.0009 | $0.0020 |
DOGS coin price predictions are heating up as this new meme coin gains traction. With recent listings on major exchanges like Binance, investors are eager to know where the price might go. Early forecasts suggest the potential for significant growth in the coming years, with some analysts predicting values reaching several cents by 2030. However, like all cryptocurrencies, DOGS coin is volatile, and investors should proceed with caution. Stay informed and research thoroughly before making any investment decisions.
