CandleFocus Telegram Meme Coin DOGS Leaves 99% Holders Underwater
2024-10-17
Author: Content Editor
The Telegram-linked meme coin DOGS has been hit by relentless selling pressure, causing nearly 99% of its holders to be in losses just 60 days after its listing. The initial price of the token was $0.0017, but it has since plummeted by 56%. The Global In/Out of Money indicator shows that the majority of DOGS holders are currently at a loss, which suggests that the price may struggle to rise and could potentially fall further. Additionally, the token's trading volume has significantly dropped, making it difficult for the meme coin to rebound. The Bollinger Bands indicator indicates low volatility and suggests that the price may remain range-bound in the short term. However, if investors buy the dip in large volumes, there is a possibility for a price reversal.
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