$DOGS /USDT 5-Minute Chart Analysis

Key Levels:

Support: $0.0000970

Resistance (Target 1 - TP1): $0.001020

Current Scenario:
The price of DOGS/USDT is currently attempting to break above a minor resistance zone highlighted in purple. After a period of consolidation and support around $0.0000970, the price is showing signs of upward momentum, pushing toward the $0.0000988 level. The price has now reached this resistance zone and is consolidating, hinting at a potential breakout soon.

Breakout and Retest Possibility:
If DOGS successfully breaks above this minor resistance and sustains the move, we could expect a retest of the previous resistance turned support, followed by a move toward the $0.001020 target (TP1). The breakout needs to be confirmed with volume and price action to ensure sustained movement.

Potential Bullish Scenario:

Breakout Above $0.0000988: A breakout with a retest of the resistance could fuel momentum toward the $0.001020 level.Retest of $0.0000970 Support: If the price fails to break above this level, a pullback toward $0.0000970 could offer another opportunity for buyers to re-enter before another upward attempt.

Bearish Scenario:

A failure to break above the $0.0000988 resistance could lead to a retracement back to the $0.0000970 support. A breakdown below this support would indicate further downside potential, possibly triggering a move toward the lower levels.

Conclusion:
Watch closely for a breakout and retest of the $0.0000988 level. If it confirms, the next target to aim for is $0.001020 (TP1). A rejection could send the price back to retest the support at $0.0000970, which could offer a new buying opportunity.

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