🔔SCENARIOS FOR $DOGS POINT TO ONE DIRECTION
If you are just getting started in the bull market and feel “lost”, you have come to the right place. Here is why. We have identified 3 possible scenarios for DOGS.
First, let’s talk about the general sentiment surrounding this token. Many want the value of this token to skyrocket, which is quite normal given the volatility of the cryptocurrency market. There are many who prefer to take their chances with memecoins rather than cryptocurrencies that have already established a good reputation in the market.
The reason is simple: the sentiment surrounding everyone wanting to increase the total value of a specific memecoin and take advantage of the “opportunity” of a lifetime. However, we are not here to discuss this, but to discuss the direction of this token in 3 specific scenarios. The first scenario involves maintaining its current market price and retracing to the 38.20%-50% Fibonacci levels.
As for the second scenario, DOGS price is likely to fall below the current support holding it. Since there are more traders joining the DOGS trend, they will surely all want to grab discounted prices and push the price down below its current price.
Therefore, it is safe to assume that the price may go lower but will bounce back stronger because demand will also strengthen its momentum. Now we find ourselves in the last scenario. This scenario involves DOGS looking for a new support which could be below the supports highlighted in our analysis.
Nonetheless, the more it tries to find another major support to hold it, the higher the chances of its price rising. However, we also keep in mind that the more it declines, there may be a tendency for it to fall completely.
