With DOGS now listed on major exchanges like Binance and Bybit, many are wondering whether the token will rise or continue its downward trend. Here’s a closer look:
Recent performance summary:
- Initial Surge: DOGS launched on MEXC at around $0.014 and quickly reached $0.015, due to high trading volume and excitement.
- Sharp Drop: After peaking, the price dropped to around $0.00129 as early investors sold off, with a red candle marking the drop.
- Stability: The price has stabilized at around $0.0013, indicating reduced trading volume and market inactivity.
Future price scenario:
- Upside Potential: If Pavel Durov, a key figure behind DOGS, is released from prison, this could boost interest and potentially push the price to $0.0025-0.0030.
- Potential Downside: If Durov remains in custody, negative sentiment could push the price below $0.0010.
Key levels to watch:
- Resistance: $0.001500 - $0.002000
- Support level: $0.001000 - $0.000800
Final thoughts:
The future price of DOGS depends on external factors, especially the legal situation of Pavel Durov. Positive developments could lead to an increase, while ongoing issues could lead to a further decline.
#dogs #binance
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