Here are a few points that indicate the next potential move of the $DOGS market

1. Triangle Formation (Bearish): The price action shows a descending triangle, typically a bearish pattern. The coin is moving in a downward consolidation, and the break below the horizontal support could trigger further downward momentum.

2. Price Below Moving Averages: The price is trading below both the 7-period and 25-period moving averages (MA7 and MA25). This is typically seen as a bearish signal as the downward momentum is strong.

3. MACD Indicator (Bearish): The MACD line is below the signal line, and the histogram is in the negative zone, which further confirms a bearish bias. The divergence is small but still suggests a continuation of the downward trend.

4. Volume Analysis: There’s been a reduction in trading volume, which suggests a lack of buying pressure to push the price higher. Lower volumes can indicate a weaker move upwards.

Conclusion: Based on this chart, the trend currently looks bearish. If the price breaks down from the descending triangle pattern and fails to find support, it could see further declines. However, if it can hold above support levels and volume picks up, the trend could reverse, but as of now, the indicators are favoring a bearish movement.

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