DOGS/USDT Holding Key Support – Will Bears Prevail?
$DOGS
DOGS/USDT Analysis (Short):
Current Price and Moving Average (MA): DOGS/USDT is trading at $0.0007450, below the 200-period MA of $0.0009078, indicating a continued bearish trend in the short term.
RSI & MACD Analysis: The RSI is at 61.35, indicating slightly bullish momentum but not yet overbought. The MACD is showing early signs of a bullish crossover, with the histogram turning positive, suggesting potential buying interest.
Support & Resistance: Immediate resistance is at the $0.0009 level, corresponding with the MA200, while support is in the $0.00007 - $0.0000725 range, which has held up in recent consolidation.
Scenarios:
Bullish: A break above $0.0009 could lead to a significant upward move, possibly targeting $0.0010 or higher.Bearish: If the price fails to hold above $0.000725, it may see a retracement back to the lower support zone around $0.00006.
Disclaimer: This is for informational purposes only. Perform your own research before trading.
