Every scenario points in precisely one direction for $DOGS
If you're feeling 'lost' and you're fresh to the bull market. You've arrived at the ideal location.
This is the reason.
For DOGS, we have determined three potential outcomes. Let's start by discussing the general feeling surrounding this token. A lot of people want the value of this coin to soar. which is quite typical given how erratic the cryptocurrency market is. Many people would choose to take a chance with memecoins rather than cryptocurrencies that have a solid track record in the market. The sentiment of everyone who wants to take the "chance" of a lifetime and raise the overall worth of a certain memecoin is the simple reason. But that's not what we're here for. Rather, we are here to talk about how this token will develop in three different situations.
The first scenario is maintaining the present market price while retracing to the 38.20%–50% Fibonacci levels. For its repair, these levels are regarded as moderate. As a result, it is regarded as our first scenario and is therefore marked as the most likely to occur.
Regarding the second scenario. The likelihood that the price of DOGS will drop below the current level of support is high. since more traders are following the DOGS trend. Everyone would undoubtedly like to receive a discount and lower the price compared to what it is now. Therefore, it is reasonable to expect that even though the price may be lower, it will rebound more strongly because the demand will also pick up speed.
This brings us to the final scenario. In this case, DOGS is looking for a new support, which can be beneath the ones that our analysis indicated. However, the more it looks for a significant support to keep it in place. There will be more opportunities to raise its prices. However, we are also taking into account that the more it drops. It can have a propensity to fall off completely. For this reason, it's best to keep an eye on this token and be prepared for anything.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
