$DOGS has reached a crucial support level at $0.00095, and here's what to keep an eye on:
- Support and Resistance: DOGS is testing support at $0.00095, with resistance at $0.00118. A bounce from this level could see a push toward the resistance zone.
- Technical Levels: If DOGS breaks above $0.00118, it could pick up bullish momentum and aim for $0.00121. Keep an eye on the $0.00104 level for signs of a breakout.
- Head-and-Shoulders Pattern: There's a potential bullish reversal on the horizon with a head-and-shoulders pattern forming.
- New Competition: With new memecoins like CATI and HMSTR launching on Binance, trading volume and interest might shift away from DOGS.
- Market Activity: Despite seeing 115,000 active addresses on September 16, new address registrations have dropped.
Stay tuned for market shifts and developments in the memecoin space!
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