DOGS Hits Key Support: What's Next?

$DOGS has reached a critical support level at $0.00095. Here’s what to watch for:

- Support and Resistance: DOGS is testing support at $0.00095, with resistance at $0.00118. A rebound from this level could push it back to the resistance zone.

- Technical Levels: If DOGS breaks above $0.00118, it might gain bullish momentum and target $0.00121. Watch the $0.00104 mark for signs of a bullish breakout.

- Head-and-Shoulders Pattern: A head-and-shoulders pattern suggests a potential bullish reversal, with three troughs forming a reversal signal.

- New Competition: The launch of new memecoins like CATI and HMSTR on Binance could impact DOGS. These new tokens might divert trading volume and interest away from DOGS.

- Market Activity: Despite 115,000 active addresses on September 16, there was a decrease in new address registrations.

Stay alert to market shifts and new developments in the memecoin space!

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