On the chart of $DOGS , we can observe a significant change in the trend of the coin, which suggests a possible bullish movement. After a correction phase, in which the price fell to a low of $0.0010401, the market seems to have found a key support level. This support has acted as a turning point, driving a recovery that has taken the price up to $0.0011155, breaking above several important moving averages, such as the 9-period and 21-period EMA.
The recent price action, with consecutive green candles and an upward cross above the 21-period EMA, suggests that buyers are taking back control. Moreover, volume has shown a notable increase, which reinforces the likelihood of a continuation in this uptrend. In particular, the cross of the faster EMAs above the 50-period EMA indicates a possible change in the short-term trend, with resistance nearby at $0.00121209.
It is important to keep a close eye on the upcoming market action as a solid close above the EMAs and the mentioned resistance could confirm this bullish breakout. On the other hand, a reversal and close below the previous support could invalidate this bullish signal. Traders should consider these key levels when making informed decisions about their positions.$DOGS OGS.
