🚨🚨 ALERT 🚨🚨
DOGS/USDT continues its bearish slide, currently trading at $0.0009873, showing a 1.85% decline in the last 24 hours. The token has been dipping since August 29, 2024, and now holds the title of the top loser on Binance. Despite the price action, it remains the 4th hottest coin and the 2nd most searched token on the platform, keeping traders’ interest high.
Technical indicators show bearish signals. The 7-day SMA is at $0.0010427, acting as strong resistance, limiting upward momentum. Meanwhile, the 25-day SMA also aligns with this level, reinforcing downward pressure. With the RSI in a neutral zone, momentum appears weak, and the price continues to drift lower.
Although DOGSUSDT has caught attention due to its trending position and search volume, traders are advised to monitor the signals closely. The continuous decline from the August 29 high suggests that further drops could be expected unless significant support levels are tested or broken.
I would advise a cautious approach when investing in $DOGS GS Always do your own research and consider the risks involved before making any investment decisions.
