A Memecoin on the Rise with Strong Community Support đ
$DOGS, one of the most popular meme tokens known for its fair airdrop, is making a comeback. Currently priced at 0.0010740 USDT, the token is up nearly +9.79% in the last 24 hours, showing promising signs of recovery on the charts.
Technically, DOGS is trading above key short-term moving averages (EMA 7 and EMA 25), indicating growing buyer momentum. The MACD has turned bullish, suggesting the potential for continued upward movement. However, DOGS is facing a significant resistance level at 0.0010966 USDT (99 EMA). A break above this could see the token target 0.0011917 USDT, a previous high. Conversely, failing to break through might lead to a pullback toward its support at 0.0009700 USDT.
For traders eyeing a long position, itâs wise to wait for a confirmed break above 0.0010966 USDT. A stop-loss near 0.0009700 USDT can help manage risk.
Backed by a strong community, DOGS has shown resilience, and with positive technical signals, it could have more upside in the short term. Keep this memecoin on your watchlist!
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