$DOGS - Next step is 0.0012?
The DOGS token has been performing well recently and the price is expected to rise, aiming directly at $0.0012000. Now, 65% of DOGS holders are making money, which shows that the price has the potential to rise.
Although the price of DOGS is a little volatile now, with a 24-hour trading volume of more than $300 million, analysts feel that it may rise in the future. They noticed that DOGS is forming an inverse head and shoulders technical pattern, which is usually a bullish signal. Moreover, the price is now close to the resistance level, and both buyers and sellers are hesitant, which leaves room for potential rises.
The TON blockchain is also becoming more and more popular now, and the popularity of DOGS on it has also brought optimism to everyone. Since the token generation event, user interaction with the token has surged, which has driven the adoption of the TON blockchain and made DOGS one of the most widely held tokens in multiple blockchains.
Looking at the in-funds/out-of-funds data, about 65% of the addresses are making money, which means that these investors bought the token at a lower price. If the bullish trend continues, buying pressure may increase.
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