Beware of greed in his work $DOGS
The image shows a technical analysis of the DOGS/USDT trading pair on the Binance platform. Here is the analysis:
1. Current price: $0.0007653, down 3.97% over the past 24 hours.
2. 24-hour trading volume:
• DOGS volume reached about 350.24 billion.
• USDT volume reached about 277.21 million.
3. Moving averages:
• 5-day moving average (MA5) = 230,407,854.
• 10-day moving average (MA10) = 233,682,214.
• A slight crossover between the moving averages appears, indicating a possible trend reversal.
4. Candlesticks:
• The last green candlesticks indicate buying pressure before the current decline.
• The price is forming a top at 0.0007665, which is a current resistance.
5. Additional indicators:
• The L.S Ratio shows a divergence with a 4.93% decline in buying during the day.
• The 7-day performance shows a growth of 16.91%, which could mean support for the rise.
The analysis indicates that there is a current resistance at the level of 0.0007665, and the price may need more momentum to break this resistance and rise, or we may see a correction if the decline continues