DOGS Price Prediction: Will This New Trading Pair Boost $0.003 Breakout?

The DOGS meme coin, rooted in the Telegram ecosystem, is making waves in the crypto market for extreme volatility. Originally inspired by Spotty, a mascot beloved by Telegram users, DOGS quickly gained traction following its Token Generation Event (TGE) and subsequent listings on major exchanges. Will the new listing pair on Binance bolster a sustainable recovery in DOGS price prediction?

DOGS Price Prediction Hints Recovery Amid Binance’s New Trading Pairs

Today, Binance announced the launch of new trading pairs and expanded Trading Bot services. The new trading pairs, including the DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC, will be available for trading on August 28, 2024, at 13:00 (UTC).

Additionally, the largest crypto exchange by volume, Binance, will enable Trading Bots services for ETH/EUR, SOL/EUR, 1000SATS/TRY, BONK/TRY, PEPE/TRY, and USDC/USDT, which will be accessible at 13:00 (UTC) the same day.

Introducing new trading pairs typically increases market liquidity and offers more trading opportunities, potentially driving volatility. Thus, the DOGS price prediction signals a potential dynamic move this week as it becomes easily accessible to different regions, expanding the token’s global presence.

DOGE Token Secures Crucial Support

On August 26th, DOGS price prediction showed a sudden crash to $0.0001 following the token unlock of 502.48 billion DOGS, representing 92% of Max Supply. However, after its Binance listing, the token swiftly rebounded to $0.0012, recovering most of its intraday loss.

The Dog-themed meme coin indicates a minimal intraday increase of 0.02%, bringing its value to $0.0012. The neutral behavior bolsters buyers to stabilize above the psychological level of $0.001. Amid the new trading pairs by Binance, the token price could rebound 153% to retest the $0.0031 resistance.

The momentum indicator Relative strength index close to the oversold region could attract buyers to capture discounted token value.

However, until the overhead resistance is intact, the DOGS price prediction could project a sideways to a bearish trend. A potential breach above $0.0031 could signal an early sign of recovery.

Frequently Asked Questions (FAQs)

1. How could Binance's new trading pairs impact DOGS price?

The introduction of new DOGS trading pairs on Binance, including DOGS/BRL and DOGS/USDC, is expected to drive market liquidity

2. What was the cause of the recent DOGS price volatility?

The extreme volatility in DOGS price was triggered by the Token Generation Event (TGE) and the subsequent unlock of 502.48 billion DOGS tokens

3. What are the potential price movements for DOGS in the near future?

Despite the recent recovery, DOGS price could remain sideways to bearish unless it breaks above the $0.0031 resistance.

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Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

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