DOGS Token Price Prediction: Is DOGS Price Losing Its Bite?

DOGS is trading at $0.02845 with a 24-hour volume of $434

• $DOGS is a memecoin project gaining attention through airdrop programs on Telegram.

• On July 11, 2024, #DOGS/USDT started off strongly, exhibiting significant bullish momentum right from the opening.

• However, this upward momentum was short-lived, followed by subsequent price declines.

• The price pattern showed an initial significant drop followed by smaller fluctuations.

• Currently, DOGS is forming a Rounding Top Pattern, indicating a bearish trend.

• The MACD indicator signaled bearishness, with the price trading below the 20, 50, and 100-day Moving Averages.

• According to Coingabbar analysis, if DOGS finds support, a recovery above $0.03000 might target $0.05000.

• Conversely, breaking below the $0.02700 support level could lead to further declines towards the next support at $0.02000.

KEY LEVELS :

RESISTANCE LEVEL : $0.03800-$0.05000

SUPPORT LEVEL : $0.02000-$0.01000

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.