DOGS token struggles around $0.001: what’s next?
DOGS is now selling for $0.001017, down 5.34% in one day. With a market cap of $525 million and a daily trading volume of $292 million, it looks a bit shaky. On the price chart, the downward trend is quite obvious, with a 36% drop in the past 15 days. Keep an eye on the two support points of $0.000946 and $0.000922, as well as the resistance levels of $0.001070 and $0.001156.
Technical analysis and investor sentiment
Technically, DOGS signals are a bit mixed. MACD looks like it will continue to fall. But strangely, people are becoming more and more interested in DOGS, and Santiment data shows that it has become one of the top ten popular projects.
What will happen in the future? Can we guess the price?
In the short term, it is really hard to say what the trend of DOGS will be. However, with the support of Telegram and the overall recovery of the crypto market, it may be able to turn around. But investors still have to be cautious and not be tripped up by technical difficulties.
The entire crypto community is now quite cautious, and Bitcoin bigwigs are betting on price declines. This trend may also blow to DOGS and other small currencies, making price predictions more elusive. Let's wait and see how DOGS gets through this level!
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