The cryptocurrency DOGS/USDT has made a strong entrance into the market, with its price surging by 141.46% on the first day, reaching $0.0013174.
Looking ahead at potential price movements, think of $DOGS trading within a specific range—this is the Range-Bound Scenario. The price might fluctuate between support levels at $0.0012463, $0.0011424, and $0.0011566, and resistance levels at $0.0013503, $0.0014400, and $0.0014542. Traders can take advantage of this by buying near support and selling near resistance. However, if the price moves beyond these levels, it’s time to reconsider your strategy.
If DOGS manages to break through the resistance levels at $0.0013503 and $0.0014400, and even surpass the major resistance at $0.0014542 and $0.0015000, the upward trend could continue. In this Bullish Outlook, the price could reach as high as $0.0016000 to $0.0018000.
On the other hand, if the price drops below the support levels at $0.0012463 and $0.0011424, we could see a Bearish Outlook. The price might then test major support levels at $0.0011000 and $0.0010500, possibly falling to $0.0010000 or even lower, testing $0.0009500.
In summary, DOGS has made an impressive start, making it an interesting option for trading. Keep an eye on the key price levels and be ready to act on any breakouts or dips. Happy trading!