Important notice, friends who hold $DOGS, be sure to read this to the end!
Everyone may be wondering, can $DOGS return to its previous high price? I know many friends have bought it, but now I have to tell you the cruel reality.
Many friends have always thought that it is adjusting its price, that is, the state of consolidation. But in fact, it has been more than 30 days, and it is not consolidating at all, but showing a step-by-step decline. Every time it seems to have accumulated some strength, a big positive line will rush up, just like one positive line can penetrate three negative lines, but the result is not satisfactory at all, and it has not risen much at all.
Now the market value of $DOGS is 300 million US dollars, and the 24-hour trading volume is 150 million US dollars. It seems that the trading volume is not small, but its price has been declining in a step-by-step manner. We have to think about it. The trading volume accounts for 50% of the market value. Why doesn't it have a significant upward stretch?
Some people may wonder if it is accumulating funds at a low level? Think about it from a certain angle. Is it because the "car" is too heavy? It's like the front of the car wants to pull forward, but it is really powerless. Or is it actually holding back a lot of energy, waiting for a big move? I think it may be the previous situation, so it may have to wait until the late stage of the bull market before it can exert its strength and start to rise.
Its current price is around $0.00058, and it may fall to $0.00045 this week. Everyone knows that once all the good news is out, the next may be a big drop. So, brothers, we must prepare for defense in advance, so as not to lose too much at that time!
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