DOGS/USDT Testing Key Support Levels After Recent Surge
DOGS/USDT is currently trading at $0.0010700, down slightly by -0.26% after a recent surge. The price is just below the VWAP level of $0.0010826, indicating some downward pressure after an upward move.
The 200-period moving average at $0.0010515 is acting as support, with the price attempting to stay above it. The RSI is currently at 57.80, showing neutral momentum, indicating there is room for either further upside or potential downside movement.
MACD is showing a slight bullish divergence, with the MACD line at 0.0000233 and the signal line at 0.0000235. The current market environment suggests buyers are still in control but weakening slightly after the recent move.
DOGS/USDT is now facing a key support zone around $0.0010600-$0.0010500. A break below this level could lead to further downside testing towards $0.0010000. However, if buyers step back in and the price holds this zone, a move towards $0.0011200 and higher could be possible.
Traders should keep an eye on the price action around these key levels, as a break of the support could signal a bearish reversal, while a hold above could confirm further bullish momentum.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.
