DOGS +117.39% in 24 Hours Amid Unusual Short-Term Price Surge

On SEP 8 2025, DOGS surged by 117.39% within 24 hours to reach $0.0001386, rising 384.04% in the last seven days, 599.54% in the past month, and dropping 7367.82% over the past year. The sudden spike has drawn attention from traders and observers, with the movement attributed to a combination of on-chain activity and a surge in on-chain volume metrics.

The price spike followed a notable increase in on-chain activity, including a jump in transaction confirmations and a dip in the number of wallets holding DOGS. Data shows that the token’s active wallet count decreased by approximately 12% over the past week, suggesting consolidation among holders. At the same time, the token’s on-chain volume spiked by over 400%, pointing to a high degree of liquidity movement in the short term. These changes have raised questions about potential wash trading or speculative accumulation.

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Despite the rapid price increase, the broader market dynamics for DOGS remain mixed. Over the past year, the token has underperformed drastically compared to its peak. However, the recent short-term movement has sparked renewed interest. Analysts have noted that the price surge appears to be driven by a relatively small number of high-volume wallets, suggesting a possible coordinated buying effort. Analysts project that the current momentum could persist if on-chain behaviors remain stable, but they caution that the volatility could reverse quickly without confirmation of broader adoption or usage.

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Technical indicators have also shown mixed signals. The 50-period and 200-period moving averages have both been breached by the recent price action, indicating a potential shift in market sentiment. Additionally, the relative strength index (RSI) has entered overbought territory, suggesting a possible retracement in the near term. Traders are monitoring the RSI closely to determine whether the recent gains are sustainable or if a correction is imminent.

Backtest Hypothesis

To evaluate the reliability of recent on-chain and technical signals, a backtesting strategy has been devised. The strategy is based on a combination of on-chain volume spikes and RSI levels, using these as entry triggers. The model looks for instances where on-chain volume increases by more than 300% in a 24-hour period, coupled with an RSI below 30, to identify potential buying opportunities. Exit triggers are set when the RSI crosses above 70 or when the token’s price falls below the 50-period moving average.

The hypothesis is that DOGS, given its recent price behavior, may be entering a phase of short-term accumulation. If the on-chain volume surge is confirmed as genuine, the strategy could capture early signs of buyer interest before broader market recognition. However, the model also includes a stop-loss mechanism to limit downside risk, given the token’s high volatility and uncertain long-term fundamentals.

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