Whales of DOGS's Profile | Binance Square

--

Bullish

In my opinion, investing in the DOGS coin is very promising for the long term because DOGS has a strong and large community, as well as 15 million coin holders, which surpasses the number of holders for Arbitrum and Solana. I believe DOGS could potentially become a rival to Dogecoin during the next altseason. ***This is not financial advice, just analysis based on data*** 1. Bollinger Bands (BOLL): The price is near the middle of the Bollinger Bands, indicating a neutral condition. If the price moves upward and breaks through the upper band, it could be a bullish signal. However, if the price breaks below the lower band, this could signal a bearish trend. 2. Trend Channel: There is an upward channel forming on the chart (green lines). As long as the price remains within this channel and does not break downward, the medium-term trend remains bullish. If the price stays above the lower boundary of the channel and continues to rise toward the upper boundary, the trend will remain bullish. 3. Volume: The daily volume is relatively high, indicating strong liquidity and trading interest. High volume usually supports significant price movements, whether up or down. 4. Support and Resistance: A strong support level can be seen at 0.0009226. If this level is broken, it could signal that a bearish trend will dominate. The nearest resistance is around 0.0012294. If the price can break through this level, the bullish trend could strengthen. Potential Movement: Bullish: If the price can stay within the upward channel and break the resistance at around 0.0012294, there is a possibility that the price will continue to move bullish in the next few days. Bearish: If the price drops below the support at 0.0009226 and breaks the lower boundary of the channel, a bearish trend may occur in the coming days. To confirm the trend direction, you can monitor the price movement in the next 1-2 days to see if it continues following the upward channel or if it experiences a significant decline.

PINNED

In my opinion, investing in the DOGS coin is very promising for the long term because DOGS has a strong and large community, as well as 15 million coin holders, which surpasses the number of holders for Arbitrum and Solana. I believe DOGS could potentially become a rival to Dogecoin during the next altseason.

***This is not financial advice, just analysis based on data***

1. Bollinger Bands (BOLL):

The price is near the middle of the Bollinger Bands, indicating a neutral condition. If the price moves upward and breaks through the upper band, it could be a bullish signal. However, if the price breaks below the lower band, this could signal a bearish trend.

2. Trend Channel:

There is an upward channel forming on the chart (green lines). As long as the price remains within this channel and does not break downward, the medium-term trend remains bullish. If the price stays above the lower boundary of the channel and continues to rise toward the upper boundary, the trend will remain bullish.

3. Volume:

The daily volume is relatively high, indicating strong liquidity and trading interest. High volume usually supports significant price movements, whether up or down.

4. Support and Resistance:

A strong support level can be seen at 0.0009226. If this level is broken, it could signal that a bearish trend will dominate.

The nearest resistance is around 0.0012294. If the price can break through this level, the bullish trend could strengthen.

Potential Movement:

Bullish: If the price can stay within the upward channel and break the resistance at around 0.0012294, there is a possibility that the price will continue to move bullish in the next few days.

Bearish: If the price drops below the support at 0.0009226 and breaks the lower boundary of the channel, a bearish trend may occur in the coming days.

To confirm the trend direction, you can monitor the price movement in the next 1-2 days to see if it continues following the upward channel or if it experiences a significant decline.