The $DOGS has been on a downward trend, dropping roughly 20% from its recent high of 0.00118380 to 0.00093. It has broken through key support levels, with the last major one at 0.00100000. The bearish momentum is confirmed by the alignment of EMAs and rising trading volumes during the decline.
Though the RSI indicates oversold conditions, no clear signs of reversal are present. The short-term outlook suggests further price drops, possibly testing support at 0.00095000 and 0.00093000. For a recovery to occur, the price must rise above the EMA20 at 0.00101000, but any upward movement will face resistance. Caution is advised due to expected volatility, and traders should wait for clearer signals before making moves.
