DOGS Price Plunges 13% As Experts Say This New Meme Coin Might Be The Best Crypto To Buy Now

DOGS Price Plummets 13%

Over the past 24 hours, the value of DOGS has taken a significant hit, plummeting by 13% to $0.001087 as of 00:28 a.m. EST. This decline came amid a broader market downturn, with the crypto market losing 3% of its value to reach a market capitalization of $2.1 trillion.

DOGS Price Analysis

The DOGS price has broken below a rounding bottom pattern formed between August 27 and August 29, dropping below the resistance level of $0.001539. This movement has pushed the price into a falling channel pattern, below its lower boundary.

DOGS is now trading below its 50-day Simple Moving Average (SMA), indicating a bearish trend. The Relative Strength Index (RSI) remains below the 30-oversold region at 26, but shows signs of recovery.

Potential Rebound

Despite the recent sell-off, the RSI signals that DOGS is currently undervalued. If buyers enter the market at this level, the price could potentially rise back above the falling channel, with $0.001435 serving as a target.

Further Decline Possible

However, if selling pressure persists, the price of DOGS could drop further, potentially reaching the support zone of $0.000990.

Shifting Assets to Crypto All-Stars (STARS)

Meme coin enthusiasts have been shifting their assets to the new project, Crypto All-Stars (STARS). According to crypto YouTuber Jacob Bury, STARS has the potential to multiply in value by 10 times after its launch.

Crypto All-Stars Raises Funds

The Crypto All-Stars presale has gained momentum, raising over $909K towards its $1 million goal. The project's MemeVault protocol allows users to stake popular meme coins and earn rewards in $STARS. This feature has sparked buying frenzy since the presale commenced over two weeks ago.

Crypto All-Stars aims to integrate with major meme coins like $Pepe, #Dogecoin, and #ShibaInu, potentially boosting the platform's visibility and adoption.

MemeVault Staking

MemeVault offers staking capabilities for various meme coins, including $DOGE, $PEPE, $SHIB, $FLOKI, and many more. Users can also stake $STARS tokens directly for a 1,569% annual percentage yield (APY).

$STARS tokens are currently available for purchase at $0.0014191. The price is expected to increase in two days, so interested buyers are advised to act quickly. STARS can be bought through the official website using BNB, USDT, or a bank card.