Dogs Price Rises 9.4% Following Binance’s Launch of First Moonbix Campaign

The Dogs price has surged by 9.4% in the last 24 hours to trade at $0.0007314 as of 6:47 a.m. EST, on a 55% increase in trading volume to $123 million. The market cap is now at $377 million.

This surge comes as Binance launches its first-ever campaign for Moonbix, the Binance Telegram mini-app game, sparking excitement within the crypto community. Players can now participate in the game and trade for a chance to win from a substantial reward pool of 145,000,000 $DOGS and 15,000,000 $NOT.

Attention, explorers. 🧑‍🚀

Binance has launched its first-ever campaign for Moonbix, the Binance Telegram mini-app game!

Play and trade now for a chance to win from a massive pool of 145,000,000 $DOGS and 15,000,000 $NOT in rewards.

Get in the game ➡️ https://t.co/bzayLPcZiM pic.twitter.com/NGnlSMiSpk

— Binance (@binance) October 7, 2024

Participants are required to trade at least $50 equivalent across any spot trading pairs during the promotion period. This offer is has a limit to the first 50,000 users. Eligible users will receive a 2,900 $DOGS token voucher once their Binance account is linked to Moonbix.

For the $DOGS & $NOT trading mission, participants must trade a minimum of $200 equivalent across any DOGS or NOT spot trading pairs during the promotion period. This offer is available to the first 31,250 users. Eligible users will receive a 480 $NOT token voucher after linking their Binance account to Moonbix.

Dogs Statistics

• Dogs Price: $0.0007314
• Market cup: $377 million
• Trading volume: $123 million
• Circulating supply: 516 billion
• Total supply: 550 billion

Dogs Price Bulls Regain Strength for an Upcoming Bully Rally

The Dogs price has been recently experiencing a downward trend, reflecting the applied strength from the bears. This has led to the formation of a bearish channel, signalling a high chance for a bullish trend to occur. The bulls have managed to push the Dogs price high after retreating from the $0.0006430 support, leading to the formation of a bullish breakout at the upper trendline of the bearish channel.

The market is currently trading above the 50-day simple moving average (SMA), climbing towards the 200-day SMA. This displays strong signs of a potential bullish crossover. A successful breach above the 200-day SMA would enhance the likelihood of a bully rally.

Bullish Technicals Suggest High Chances for an Upcoming Bullish Crossover

The Relative Strength Index (RSI) is currently flowing at 65 and climbing towards the 70-overbought level, therefore adding hope for a bullish crossover to occur. If the bulls keep up their momentum and continue pushing the RSI higher, the market could potentially surpass the 70-overbought level, reflecting the bulls’ pressure on the Dogs price.

Additionally, the Moving Average Convergence Divergence (MACD) further supports the likelihood of a bullish crossover. The green histogram bars are seen increasing in number. On the other hand, the blue line maintains the seat above the orange signal line, indicating that the Dogs price is on a bullish sentiment.

The bulls demonstrate their strength by pushing the price higher, preventing the bears from dragging it down towards the support level. If the bulls can maintain this momentum, the market could reach a target price of $0.00090102. However, if the bears regain control over Dogs price, they could apply pressure, forcing the bulls to retreat to the $0.0006430 support level, which coincides with the lower trendline of the bearish channel.