Quick Analysis:
The coin “DOGS” has been on a downward trend over the past few days, reaching a low of 0.0005454. Currently, it shows some signs of stabilization and a small rebound, indicated by the 1.39% price increase. The current price is very close to the MA(99), suggesting it may be finding support at this level.
The 7-day trend shows a significant volume drop, indicating selling pressure, but today’s increase in price (+7.77%) might signal the beginning of a recovery. It is also worth noting that the 24h volume is substantial, showing strong trading activity.
Price Prediction:
In the short term, the price could potentially:
• Break past 0.00103 if the buying pressure continues, targeting the resistance level at 0.00118-0.00120.
• Fall back to 0.00094 if the buying volume diminishes and the downtrend continues.
Given the current indicators, the price may consolidate in the range of 0.00094 to 0.00102 unless a significant event or shift in market sentiment occurs.
