If the price of $DOGS continues to decline, the next support level to watch is around 0.0007062. A break below this level could trigger further selling pressure and lead to a deeper correction.
A bullish reversal could occur if the price manages to break above the 0.0007341 resistance level. However, this seems unlikely in the current market conditions.
Short-Term Traders: Short-term traders could consider taking a short position on DOGS/USDT with a stop-loss placed above the recent high.
Long-Term Investors: Long-term investors may want to wait for a clearer trend reversal before entering a long position.
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