#DOGSUSDT at a Crossroads: What Will Happen Next?
DOGS/TETHERUS Binance
#DOGSUSDT be gearing up for a breakout, or will it fail to hold critical support levels? Let's dive into the key areas of #DOGS:
#DOGSUSD recently broke above its descending resistance trendline, which has now flipped into support. This is a positive signal for the bulls, but the price still needs to decisively break above the $0.0008269 resistance level to confirm a sustained uptrend. Until then, the market remains at a pivotal moment.
A confirmed breakout above $0.0008269 could ignite strong bullish momentum, opening the door to a rally toward $0.0011000-$0.0013000, the next major resistance zone. This region represents a significant hurdle for #DOGSUSD, but clearing it would likely attract fresh buyers and push the price toward higher levels.
On the downside, immediate support lies at $0.0007178, followed by the critical demand zone between $0.0005880 and $0.0005300. As long as the price remains above this zone, the bullish case remains intact. A pullback into this area could provide bulls with another opportunity to regain momentum.
However, if #DOGS closes a candle below $0.0005300, this would invalidate the bullish structure and signal a potential drop toward $0.0004400 or lower. Such a move could pave the way for a deeper retracement and shake out weak hands before any recovery attempts.
Stay focused, patient, and disciplined,