The Dogs price has recovered and is showing a good uptrend. The hourly chart of the Dogs shows that the technicals remain favorable for the bulls regardless of the medium-term bearish action, so there is still room for the bulls to develop further.

With the start of new buying volume, the DOGS price is expected to rise above the average area of ​​the ascending parallel channel. In doing so, the price may rise by more than 12% and test the upper resistance of the channel above $0.0017. Here, the bulls are expected to show significant strength, which may help the new memecoin breakout level.

However, bearish interference may hinder the progress of the rebound, but this trend may continue for a while, as a breakout above $0.02 seems imminent in the first few days of September 2024.

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