$DOGS Tonight target?
To identify a realistic price target for DOGS/USDT for tonight, let's break down the key levels based on the current technical indicators visible in your chart.
Key Technical Levels:
Current Price: 0.0006373 USDT
Immediate Resistance: 0.0006599 USDT (24-hour high)
Immediate Support: 0.0006051 USDT (24-hour low)
Next Strong Resistance Level: Around 0.0006895 USDT (previous high seen on the chart)
Next Strong Support Level: Around 0.0005924 USDT (recent swing low)
Short-Term Analysis:
1. Bullish Scenario:
If DOGS/USDT maintains its current momentum and breaks above the immediate resistance at 0.0006599 USDT, the next target could be around 0.0006800 to 0.0006895 USDT.
This level is feasible if there is enough buying pressure, especially since the indicators like StochRSI are near oversold conditions, suggesting potential for a bounce.
2. Bearish Scenario:
If the price fails to break the resistance at 0.0006599 USDT and drops below 0.0006300 USDT, a revisit to the support level at 0.0006051 USDT or even down to 0.0005924 USDT could occur.
Pay close attention to the RSI and StochRSI. If they continue to drop without signs of reversal, it could indicate a bearish move.
Tonight's Target Levels:
Bullish Target: 0.0006800 - 0.0006895 USDT
Bearish Target: 0.0006051 - 0.0005924 USDT
