**Can DOGS Reach a New All-Time High Soon?**

**Current Status:**

- The DOGS price has recently fallen by 30% over the past week, but it has also increased by 97.4% since its launch. It’s down 39.32% from its highest price ever.

- It is currently ranked 12th in cryptocurrency trading volume, with a market cap of $547.11 million and a 24-hour trading volume of $523.86 million.

**Technical Analysis:**

- The DOGS price recently broke out of a falling wedge pattern on a 4-hour chart. It has exceeded the 20-day EMA (Exponential Moving Average), which could attract buyers.

- If DOGS can maintain its price above the 20-day EMA and eventually surpass the 100-day EMA, it might gain bullish momentum and move towards a new all-time high.

- However, if the price falls below the 20-day EMA, it could lead to further losses, trapping buyers and potentially leading to more selling.

**Correction Phase:**

- The price has undergone a correction phase after reaching its all-time high, showing a decline of about 37%.

- If DOGS can rise above the $0.00120 mark, it might attract more buyers and perform well. If not, the bearish trend could continue.

**Outlook:**

- The DOGS price is at a critical juncture. If it can stay above key levels like the 20-day EMA and the $0.00120 mark, there is potential for a new all-time high.

- Monitoring these key levels will be crucial for understanding future price movements.$DOGS