DOGS (DOGS), the meme coin on The Open Network blockchain, has dropped 8% in the last 24 hours, reflecting a broader downturn affecting Telegram-related cryptocurrencies. Currently priced at $0.0009218, DOGS has seen its trading volume decrease by 27.57% to $193 million, with a market cap of approximately $476.34 million, ranking it 122nd. Additionally, over 3.65 billion DOGS tokens will be unlocked on September 26th, which may further influence its price.

Other Telegram-based tokens, such as Toncoin (TON) and Notcoin (NOT), are also experiencing declines. TON fell 4.43% to $5.51, while NOT dropped 7% to $0.007496. Both tokens have faced significant losses over the past month, contributing to a bearish sentiment surrounding Telegram-related assets.

The outlook for DOGS appears bleak, with a significant 42.12% decline over the past 30 days. The accumulation of DOGS tokens has waned, indicating low investor interest, and the Relative Strength Index (RSI) is at 37.48, suggesting sellers dominate the market. This trend indicates that lower prices may be forthcoming.