DOGS, a new meme coin on the TON blockchain, has quickly drawn attention in the crypto community, launching strongly on Binance and other exchanges despite a downward market. Inspired by Spotty, a character created by Telegram founder Pavel Durov, DOGS reflects the vibrant spirit of the Telegram community and its enthusiasm for digital currencies.

Recently, DOGS has seen a price dip amid broader market corrections, trading at $0.001126, down 7.57% in the last 24 hours. Despite the decline, the TON blockchain has experienced a surge in activity, with 46 million transactions over the past week. Toncoin's value has also been affected, sitting at $5.16 after a 5% decrease.

Technically, DOGS faces resistance at $0.0015, with potential support at $0.00112 and $0.0011. The MACD indicator suggests further declines could occur, though a break above $0.0015 might trigger an upward move toward $0.0017 or even $0.002.