DOGS is experiencing a significant uptick in price, fueled by Binance’s recent announcement regarding the introduction of DOGSUSD COIN-M perpetual contracts and its inclusion in the Launchpool, sparking strong investor interest.
This meme coin, built on the TON blockchain, has gained the attention of crypto enthusiasts due to its strong upward performance. DOGS has shown a notable increase in value, tracking alongside the rising price of Toncoin. Binance’s latest announcement has further heightened anticipation for potential gains in DOGS.
DOGS Price Soars After Binance’s New Announcement
Binance is set to roll out DOGSUSD COIN-M perpetual contracts, allowing for up to 20x leverage. Additionally, Binance Futures will introduce USD-margined perpetual contracts for both NULS and DOGS, with leverage options going up to 75x.
On top of that, DOGS has been added to Binance’s Launchpool, enabling users to farm the token by staking BNB and FDUSD tokens. These developments reflect Binance’s strategy to offer diverse financial products and create new opportunities for traders to engage with DOGS.
Will DOGS Reach $0.002?
Over the last 24 hours, meme coins, including DOGS, have experienced noticeable price fluctuations. DOGS ranged between $0.0009972 and $0.001113, suggesting volatility in the market. This surge aligns with broader market trends as cryptocurrencies rally together.
At the time of writing, DOGS is priced at $0.001054, marking a 5.36% increase in U.S. trading hours. This comes after a recent low of $0.0009377, showing a significant recovery amid fluctuating trading volumes.
Technically, the 4-hour chart on Binance shows mixed signals. The MACD indicates a slight bearish crossover, hinting at potential short-term downward movement. However, the RSI is at 51, pointing to stable market conditions with neither overbought nor oversold signals.
DOGS is currently in an uptrend, nearing a resistance level at $0.0012. If it can break through $0.0015, further upward momentum could push the price toward $0.0017, or even $0.002, indicating strong bullish potential for DOGS in the coming days.