🐕 DOGS Price Predictions: How Low Will This New Meme Coin Go?

The DOGS meme coin on the TON blockchain is currently navigating a volatile market, experiencing both resistance and potential downside pressures.

🔑 Key Points:

- Resistance at $0.0015:

DOGS is facing a significant challenge at the $0.0015 resistance level. A break above this could lead to upward targets of $0.0017 and possibly $0.002.

- Bearish Technical Indicators:

The Moving Average Convergence Divergence (MACD) has shown a bearish crossover, indicating potential downward momentum. The Awesome Oscillator (AO) is also in negative territory, supporting the bearish outlook with predominant red bars.

- Market Activity:

According to Coinglass, trading volume for DOGS surged by 33.58%, reaching $1.30 billion, while open interest rose by 0.73% to $114.09 million. This increase suggests potential market movements, yet also highlights underlying volatility.

🎖️🎖️Price Predictions:

- Support Levels:

If selling pressure intensifies, DOGS could drop to the support level of $0.00112. Failure to hold this support may push the price down further to around $0.0011.

DOGS is at a critical juncture. If it breaks resistance, a rally could follow, otherwise, further declines are possible as bearish indicators loom. 🐾

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