DOGS Token Price Prediction: Will DOGS Really Go To The Moon
DOGS pre-market trading has gone live on Bitget platform
As of July 11, 2024, the DOGS/USDT pair initially surged with strong bullish momentum.
However, the bulls couldn't sustain this upward movement, leading to a dramatic price decline.
The DOGS/USDT pair has been trapped in a descending channel, marked by a pattern of lower highs and lower lows.
For nearly two months, the price has been fluctuating within this channel.
On August 8th, DOGS found support near $0.01100 and attempted a rebound, but bulls encountered resistance at the upper boundary of the channel, causing the price to pull back.
According to Coingabbar analysis, If the bulls manage to break out of the channel and close above $0.01500, the price could potentially rise to $0.01800 and even $0.02300.
Conversely, if the bulls fail to break the resistance, bears may drive the price down to the lower end of the channel, potentially leading to a new all-time low.
KEY LEVELS :
RESISTANCE LEVEL : $0.01800-$0.02300
SUPPORT LEVEL : $0.01100-$0.00800
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
