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<p><a href="https://captainaltcoin.com/dogs-price-prediction-can-the-top-8-meme-coin-flip-brett-and-bonk/" target="_blank" rel="noopener noreferrer nofollow">The price of the DOGS meme coin</a> has experienced a decline, as noted in a series of tweets by CryptoBusy, a top crypto analyst. In one tweet, CryptoBusy stated that DOGS shorts had been activated, highlighting several confluences.&nbsp;</p>
<p>Moreover, he mentioned including a breakdown of previous support and a descending triangle pattern, both contributing to the bearish momentum. As a result, the <a href="https://www.tronweekly.com/dogs-causes-chaos-on-ton-network/" target="_blank" rel="noopener noreferrer nofollow">DOGS coin</a> has witnessed a substantial drop, with its price falling nearly 10% in the past day.&nbsp;</p>
<p>This downturn aligns with negative market sentiment, pushing the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin further into bearish territory.</p>
<h2 class="wp-block-heading" id="strong-dogs-price-analysis-strong"><strong>DOGS Price Analysis</strong></h2>
<p>CryptoBusy’s analysis points to several critical factors contributing to DOGS’ downtrend. First, a descending white trendline confirms the downward trajectory, indicating that sellers are maintaining control of the market.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DOGS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGS</a> shorts has been activated! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Confluences:<br>– Breakdown on previous support<br>– Descending triangle breakdown<br>– Negative market sentiment<br><br>Stay tuned and follow us <a href="https://twitter.com/CryptoBusy?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Cryptobusy</a> for more! We'll make sure that you guys are profiting from a bearish market! <a href="https://twitter.com/hashtag/Toncoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Toncoin</a> <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TON</a>… <a href="https://t.co/angAJ2ajdJ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/angAJ2ajdJ</a> <a href="https://t.co/WFZg9I8FOu" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/WFZg9I8FOu</a></p>— CryptoBusy (@CryptoBusy) <a href="https://twitter.com/CryptoBusy/status/1831181031078347217?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 4, 2024</a>
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<p>Additionally, the coin’s price attempted to recover around key Fibonacci retracement levels (0.236 and 0.382) but failed to break through, signaling weak bullish momentum.</p>
<p>Moreover, a crucial support zone was breached after testing these Fibonacci levels, further solidifying the bearish trend. The price continued to decline, trading near the 1.618 Fibonacci extension level, approximately at $0.000906, which marks a 9% loss.&nbsp;</p>
<p>According to CryptoBusy, this breakdown below the 1.618 Fibonacci level could lead to additional losses unless a bullish reversal pattern emerges.</p>
<h2 class="wp-block-heading" id="strong-market-sentiment-and-price-impact-strong"><strong>Market Sentiment and Price Impact</strong></h2>
<p>CryptoBusy also mentioned the broader market sentiment as a critical factor in DOGS’ price decline. The analyst noted that negative sentiment is driving more shorts, leading to further selling pressure.&nbsp;</p>
<p>Additionally, <a href="https://www.coingecko.com/en/coins/dogs" target="_blank" rel="noopener noreferrer nofollow">DOGS coin’s price today</a>, according to CoinGecko, is $0.001014. This represents a 10.20% dip in the last day and an 18.30% drop over the past week.</p>
<p>In a previous tweet, CryptoBusy highlighted that DOGS was at a crucial support level, awaiting a potential breakout or further breakdown.&nbsp;</p>
<p>The analyst suggested that a pump in the Telegram token (TON) could positively influence DOGS’ performance, but the current data shows that the meme coin has yet to follow that pattern.</p>
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    <p>Meet <a href="https://thepandaworld.com/en" target="_blank" rel="noopener noreferrer nofollow"><strong>PandaWorld</strong></a>, the new meme coin currently selling at <a href="https://thepandaworld.com/en" target="_blank" rel="noopener noreferrer nofollow"><strong><em>discounted presale prices</em></strong></a>! The project was inspired by the adventures of six panda siblings, utilizing their unique abilities to bring together gaming, staking, and other features.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/chainlink-nears-key-support-next-2-weeks-will-be-decisive-for-link-price/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Chainlink Nears Key Support: Next 2 Weeks Will Be ‘Decisive’ For LINK Price</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-bearish-momentum-and-future-outlook-strong"><strong>Bearish Momentum and Future Outlook</strong></h2>
<p>The overall outlook for DOGS remains bearish, with no immediate signs of recovery. CryptoBusy’s analysis highlights the importance of observing critical support and resistance levels.&nbsp;</p>
<p>The failure to hold above support zones and the strong bearish momentum suggest that further downside is possible unless market sentiment shifts or a consolidation pattern emerges.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/why-dogs-meme-coin-price-is-plunging/" rel="noopener noreferrer nofollow">Why DOGS Meme Coin Price Is Plunging</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why DOGS Meme Coin Price Is Plunging

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