{"id":421236,"date":"2024-09-07T02:30:03","date_gmt":"2024-09-06T21:00:03","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=421236"},"modified":"2024-09-06T16:55:16","modified_gmt":"2024-09-06T11:25:16","slug":"dogs-this-is-how-the-memecoin-can-turn-bullish-soon","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogs-this-is-how-the-memecoin-can-turn-bullish-soon\/","title":{"rendered":"DOGS: THIS is how the memecoin can turn bullish soon"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">DOGS token set for a potential surge as technical breakout hints at short-term bullish rally.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">On-chain metrics show decreased user activity, but stable transactions suggest DOGS may be primed for a rebound.<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/predictions\/dogs-2-price-prediction\"><span style=\"font-weight: 400;\">Dogs [DOGS]<\/span><\/a><span style=\"font-weight: 400;\"> has experienced a downtrend against the U.S. dollar over the past week. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of press time, DOGS was trading at <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogs\"><span style=\"font-weight: 400;\">$0.001056<\/span><\/a><span style=\"font-weight: 400;\">, reflecting a -3.47% decline in the last 24 hours and an -18.37% decrease over the past seven days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a circulating supply of 520 billion DOGS, the project, at press time, held a market cap of $545,919,186. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The recent downtrend has occurred despite a strong start, as DOGS has been one of the newest additions to the rapidly growing Toncoin ecosystem.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the predicted breakout occurs, this could mark a significant turnaround for the token\u2019s short-term price action.<\/span><\/p>\n<h2><b>Technical indicators suggest potential upside<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The press time price of DOGS was $0.0010587, hovering near the middle of the Bollinger Bands. The lower band was at $0.0009783, and the upper band is at $0.0011140, indicating a period of low volatility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The slight upward movement of 1.04% in the latest 4-hour candle provided early signs of stabilization after recent declines.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, the Money Flow Index (MFI) stood at 55.26, suggesting moderate buying pressure without reaching overbought conditions. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This indicated that there may be room for a price increase in the short term, though a more bullish trend would only be confirmed if the MFI exceeds 75.\u00a0<\/span><\/p>\n<figure id=\"attachment_421247\" aria-describedby=\"caption-attachment-421247\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/DOGSUSDT_2024-09-06_13-37-40.png\"><img decoding=\"async\" class=\"wp-image-421247 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/DOGSUSDT_2024-09-06_13-37-40.png\" alt=\"\" width=\"2560\" height=\"1230\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/DOGSUSDT_2024-09-06_13-37-40.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/DOGSUSDT_2024-09-06_13-37-40-300x144.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/DOGSUSDT_2024-09-06_13-37-40-1024x492.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/DOGSUSDT_2024-09-06_13-37-40-768x369.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/DOGSUSDT_2024-09-06_13-37-40-1536x738.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/DOGSUSDT_2024-09-06_13-37-40-2048x984.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/DOGSUSDT_2024-09-06_13-37-40-1200x577.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-421247\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Meanwhile, the Relative Strength Index (RSI) was at 45.72, signaling that the market is near neutral but with slight bearish sentiment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Traders will be watching for the RSI to rise above 50, which could signal a shift towards more buying momentum.<\/span><\/p>\n<h2><b>Decline in network activity raises concerns<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/app.intotheblock.com\/coin\/DOGS\/deep-dive?group=network&amp;chart=transactions\"><span style=\"font-weight: 400;\">IntoTheBlock<\/span><\/a><span style=\"font-weight: 400;\"> data, on-chain metrics revealed a sharp drop in daily active addresses over the past week. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the 5th of September, active addresses peaked at around 1.05 million, but the 7-day change showed a -33.71% decline.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This drop suggested a noticeable decrease in user activity, potentially linked to the recent downtrend in DOGS&#8217; price.<\/span><\/p>\n<figure id=\"attachment_421238\" aria-describedby=\"caption-attachment-421238\" style=\"width: 2370px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.22.25.png\"><img decoding=\"async\" class=\"wp-image-421238 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.22.25.png\" alt=\"\" width=\"2370\" height=\"886\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.22.25.png 2370w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.22.25-300x112.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.22.25-1024x383.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.22.25-768x287.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.22.25-1536x574.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.22.25-2048x766.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.22.25-1200x449.png 1200w\" sizes=\"(max-width: 2370px) 100vw, 2370px\" \/><\/a><figcaption id=\"caption-attachment-421238\" class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/dogs-2-price-prediction\">Dogs&#8217; [DOGS] Price Prediction<\/a> 2024\u20132025<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Despite the decline in active addresses, daily transaction volumes remained relatively stable. On the 5th of September, the number of daily transactions reached 655.29k, slightly below the 7-day average of 774.56k transactions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This followed a recent peak of 1.9 million transactions on the 3rd of September, but the volatility in transaction volume suggested inconsistent user engagement in recent days.<\/span><\/p>\n<figure id=\"attachment_421246\" aria-describedby=\"caption-attachment-421246\" style=\"width: 2370px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.55.40.png\"><img decoding=\"async\" class=\"wp-image-421246 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.55.40.png\" alt=\"\" width=\"2370\" height=\"904\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.55.40.png 2370w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.55.40-300x114.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.55.40-1024x391.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.55.40-768x293.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.55.40-1536x586.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.55.40-2048x781.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-06-at-13.55.40-1200x458.png 1200w\" sizes=\"(max-width: 2370px) 100vw, 2370px\" \/><\/a><figcaption id=\"caption-attachment-421246\" class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>DOGS token shows a -18.37% decline this week, but can the altcoin reach new highs?<\/p>\n","protected":false},"author":95,"featured_media":421265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,5824,66,3,4,6376,20],"tags":[6427],"class_list":["post-421236","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-memecoins","category-new-news","category-news","category-social","category-solana-news","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>DOGS primed for 40% surge? 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