CAN $DOGS RECORD A NEW ATH SOON?
DOGS Price in Correction Phase
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▪ The DOGS price exceeded the 20-day EMA in the short term.
▪ The DOGS ranks 12th in the cryptocurrency market in terms of trading volume.
▪ DOGS crypto price has declined by 30% in a week.
The technical chart suggests that the DOGS (DOGS) price has undergone a correction phase after a pump. During the correction phase, the dip ended at the $0.00100 mark and formed small bullish candlesticks
In the short term, the DOGS price triggered a pullback, but buyers were not strong enough and witnessed selling pressure. The price has surged by 97.40% after its launch date and has dropped by 39.32% from its all-time high
Moreover, the market capitalization was $547.11 Million, and the 24-hour trading volume was $523.86 Million.
Can DOGS Crypto Price Surge 40% in One Go?
It has reached a crucial breakout level.
After a successful breakout, it is expected to gain 40% in the short term. The DOGS price may easily approach the last swing high and record a new all-time high.
Technical Analysis of DOGS Price in a 4-H Timeframe
In a 4-H time frame, the DOGS price has triggered a breakout from a falling wedge pattern. The price has been declining due to resistance from a descending trendline.
After the breakout, the crypto asset price exceeded the 20-day exponential moving average (EMA), $BTC
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