Dogs Price Prediction As Coinbase Announces DOGS Perpetual Futures And This Meme Coin Staking Project Goes Parabolic
The Dogs price tumbled 2% in the last 24 hours to trade at $0.001014 as of 03:27 a.m. EST on trading volume that also fell 2% to $312 million.
This comes as Coinbase International Exchange announces perpetual futures for DOGS that will start trading on September 19.
Dogs Price Aims For A Bullish Trend Reversal
The Dogs price has been in a sustained downtrend in September, with the asset forming a descending triangle pattern. The price now seems to be merging at the end of the triangle, aiming for a breakout in the coming days, with the $0.001007 providing formidable support.
DOGS still trades below the 50-day Simple Moving Average (SMA), coinciding with the current downtrend.
However, the Relative Strength Index (RSI) seems to be trading within the 50-midline level, currently at the 45 neutral zone, showing that the price of Dogs is currently in equilibrium and showing that there may be a possibility of a breakout.
If the Dogs price completes the breakout above, it could soar above the upper boundary of the descending triangle, currently targeting $0.001170.
However, if the Dogs price drops below the lower boundary, $0.000933 acts as the next support zone.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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