$DOGS /USDT Technical Analysis LATEST UPDATE

Current Price: $0.0010166

The chart displays a clear breakdown from the prior support zone near $0.001020, followed by a retest of this level. This is a key indicator of further downside momentum if DOGS/USDT fails to reclaim this zone.

Breakdown Scenario:

Initial Breakdown: The price has broken below the $0.001020 level, showing strong bearish pressure. The breakdown was followed by a minor retest of the broken support, confirming it as a new resistance.

Retest and Continuation: If the price remains below $0.001020, the breakdown could push the price further down to the key psychological support level at $0.001000. The market has shown clear signals of lower highs and lower lows, emphasizing a bearish structure.

Target (TP): If the breakdown sustains below $0.001000, expect a further drop toward $0.001000 (as a psychological level), with the final target (TP) sitting around $0.000950-$0.000980.

Possible Breakout:

Reclaiming $0.001020: If the price breaks above $0.001020 again and holds, it could signal a reversal. A successful breakout above this level would invalidate the bearish bias, potentially pushing DOGS/USDT back toward $0.001050.

Confirmation: The price must hold the breakout above $0.001020 for several candles with strong volume for a convincing bullish move. If this occurs, the next resistance zone lies at $0.001060-$0.001080, with further upside to $0.001100.

This breakdown and retest scenario suggests DOGS/USDT is likely to push toward the $0.001000 target unless it breaks back above $0.001020, where a bullish reversal could take place.

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