DOGS is about to strike back! A 30% drop in a week? Don't worry, there may be a big rise after the adjustment!
The price of DOGS has broken through the 20-day EMA in the short term.
DOGS ranks 12th in the cryptocurrency market in terms of trading volume.
The price of DOGS cryptocurrency has fallen by 30% in a week.
The technical chart shows that the price of Dog Stocks (DOGS) has experienced a correction phase after a sharp rise. During the correction phase, the decline ended at the $0.00100 mark and formed a small bullish candle chart.
In the short term, the price of DOGS triggered a correction, but the buyer power was insufficient and selling pressure appeared. The price has soared 97.40% since the release and is 39.32% lower than the historical high.
At press time, the DOGS cryptocurrency is trading at $0.00105 and has remained neutral in the past 24 hours. In addition, the market value is $547.11 million and the 24-hour trading volume is $523.86 million.
Can the DOGS cryptocurrency price surge 40% in one fell swoop?
Capital Faibik (@CryptoFaibik) tweeted that the DOGS cryptocurrency price has reached a key breakout level. The price has formed a descending wedge pattern on the hourly timeframe and is waiting for a breakout.
After a successful breakout, a 40% increase is expected in the short term, and the Dogs stock price may easily approach the last swing high and set a new all-time high.
