DOGS / USDT ANALYSIS 1H FRAME.
Looking at the chart for $DOGS, it seems like the coin had a solid run-up a couple of days ago, hitting about $0.0018000, but since then, it’s been cooling off.
You can see that there were some sell signals after the peak, indicating that people started to take profits, which pushed the price down.
Right now, the price is hovering around $0.0012823, and it looks like it’s struggling a bit.
The moving average is pointing downwards, which isn’t a great sign if you’re hoping for a quick bounce back. The market's been a bit quiet with less volume, meaning not a lot of people are jumping in to buy or sell at the moment.
The key thing to watch in the next few hours is how the price handles the support level around $0.0012771.
If it stays above this level, the price might just move sideways for a bit, giving it time to gather momentum for the next move. But if it dips below, we could see it sliding further, possibly towards $0.0012000 or lower.
So, in short, it’s a wait-and-see situation right now. If you’re holding DOGS, it might be a good idea to keep an eye on those support levels and watch for any signs of increased buying interest that could signal a potential reversal.
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