The DOGS token experienced a rapid price surge after launch due to initial excitement, but quickly dropped as early investors sold off.
DOGS on MEXC began trading at around $0.014, driven by the initial excitement and speculative interest surrounding its launch.
The token quickly climbed to a peak of approximately $0.015 in a short time, likely due to early adopters and the buzz around its listing.
This quick price surge was marked by significant trading volumes, evident in the large green candlestick seen on the 15-minute chart.
After the initial spike, the price sharply declined, dropping to around $0.00129 for the DOGS token.
The red candlesticks on the chart indicate a series of price drops as traders took profits, leading to a consistent decline.
After the sharp decline, the price stabilized around $0.0013, with lower trading volumes and smaller candlesticks indicating reduced market interest.
According to Coingabbar Prediction, If Pavel Durov is released, renewed interest in DOGS tokens could gradually push the price to $0.0025-$0.0030.
If Pavel Durov stays jailed after his arrest in France, negative sentiment may push the DOGS token below $0.0010.
KEY LEVELS :
RESISTANCE LEVEL : $0.001500-$0.002000
SUPPORT LEVEL : $0.001000-$0.000800
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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