TON’s SHIB Rival DOGS Closes Highest Candle, What Next?

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 19 2024

DOGS-3.793%

CATI-3.153%

Should l Buy DOGS?

DOGS Memecoin Performance: The memecoin DOGS, built on The Open Network (TON) blockchain, has achieved its highest weekly candle ever, signaling strong bullish momentum and investor confidence, with a current price of $0.0006861 and trading volume reaching $800 million.
Mixed Results in TON Ecosystem: While DOGS shows promise, other tokens in the TON ecosystem like Toncoin and Notcoin have struggled to gain traction, with Toncoin's price declining and Notcoin unable to breach key resistance levels, although Catizen has seen significant growth.

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Technical Analysis for DOGS

Technical Sentiment Analysis for DOGS (DOGS) As of , DOGS (DOGS) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, DOGS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

DOGS (DOGS) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0000116	0.0000171	0.0000233	0.0000288	0.000035	0.0000405	0.0000467
Fibonacci	0.0000171	0.0000216	0.0000244	0.0000288	0.0000333	0.0000361	0.0000405

About DOGS

Dogs Community is a vibrant, community-driven initiative built on the TON Blockchain, designed to leverage Telegram's vast user base and native meme culture. Centered around a beloved dog mascot originally created by Telegram's founder, the project aims to introduce millions to blockchain technology through tokenized stickers, fostering a fun and engaging ecosystem with a focus on community ownership and fair rewards distribution.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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