DOGS / USDT
$DOGS trading analysis and what to do next
Looking at this chart, DOGS has been on a steady climb, hitting a high of $0.0008356 before pulling back a bit. Right now, it’s sitting at $0.0007949, which is still in positive territory, up about 1.84%.
The Bollinger Bands are showing that the price is flirting with the upper limit, which tells us there’s been some bullish momentum, but we might be approaching a tipping point. If the price keeps pushing up past $0.0008169, that could be a signal for further gains. But if it stalls here, we could see it cool off and retrace back to around $0.0007798 or even lower, down to $0.0007511.
The RSI is sitting just under 60, which means the market still has room to run, but it’s getting close to the point where buyers might start slowing down. It’s not in the danger zone yet, but it’s worth watching.
Now, if you’re thinking about making a move, here’s the play:
If you’re bullish: Wait for the price to break above $0.0008169 with strong volume. If that happens, it could be a signal to buy, with an eye on a push toward $0.0008500.
If you’re cautious: You could wait for a pullback to the middle Bollinger Band ($0.0007798) or even the lower band ($0.0007511) before jumping in.
If you’re already in: Holding makes sense for now, but keep a stop loss just below the lower band in case the market turns south.
In simple terms, DOGS has been running up nicely, but we’re at a crossroads. Either it breaks out higher or pulls back for a breather. Keep an eye on the resistance level and watch the volume—those will give you clues on what to do next.
