🚨 DOGS/USDT Analysis: Potential Reversal or Breakdown?

The DOGS/USDT 4-hour chart shows a volatile market, with price currently testing a key support zone. RSI and price volume profile reveal insights into potential price movement. Here's what you need to watch:

Resistance at $0.0009454: DOGS recently hit resistance here, and it's a critical level to reclaim for further upside.

Support at $0.0008733: Holding this support could signal a reversal; breaking below might lead to more downside.

Volume Profile (POC): Significant volume around $0.00011125 (Point of Control). Price is consolidating below this, and breaking above could trigger upward momentum.

RSI at 44.23: RSI is showing a potential recovery from oversold conditions, but still in bearish territory. Watch for a cross above 50 for confirmation of strength.

Key MVAL and PVAL Levels:

MVAL at $0.0009300: Currently acting as resistance.

PMVAL at $0.0011200: A key pivot for a larger breakout if bulls regain control.

⚠️ Watch for price action around these levels to determine next direction. Stay alert for volume spikes, as they often precede big moves!

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