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DOGS Crypto Comeback? DOGS Price Bouncing From Double-Bottom Support

DOGS Crypto Comeback? DOGS Price Bouncing From Double-Bottom Support

99bitcoins99bitcoins2024/09/18 14:36
By:FatimaSam Cooling

DOGS, the mini-app on Telegram with more than 53 million users, is showing signs that the price might be gearing up for a breakout after a period of consolidation.

These mini-apps on Telegram are getting more and more traction among investors. With the upcoming airdrop of Hamster Kombat and Citizen, two P2E Telegram mini-apps, more focus will be on the TON ecosystem.

DOGS Price Analysis: Is DOGS Crypto Ever Going to Recover?

( Source )

  1. Support Levels: DOGS’s price previously found support around the $0.0009353 mark, which acted as a springboard for the recent bounce. The area around $0.0009290 is the lower support level, while $0.0010038 represents the next key resistance level. As seen from previous price action in early September, a potential retest of the 0.0010 psychological level is possible.
  2. Resistance Levels: The immediate resistance level is around 0.0010. If the price breaks above this, the next target would be 0.0011, which is where the last significant resistance was observed.
  3. Possible Bullish Targets For DOGS: The immediate target for DOGS is set near $0.0010038, which is a critical resistance level. A break above this could trigger a stronger rally.
  4. Volume & RSI: DOGS trading volume has increased with the breakout, adding credibility to the bullish sentiment. The RSI indicator on the chart shows a value near 55.63, which suggests there is still room for the price to move upward before entering overbought territory.

$DOGS – The double bottom support is holding for now.

As mentionned, the price might test again the 0.0010 – 0.0010200$ resistance zone📈

Huge new tomorrow (Fed rate) , the volatility will be huge and this could only be a small correction upward! (short term)⚠️ #BYBIT – 30… https://t.co/R5iUMDWeju pic.twitter.com/nkyuxRZ99k

— 🧙 Crypto_Jobs🧙‍♂️ TA & FA 🎯 (@CryptoJobs3) September 17, 2024

If DOGS can sustain its momentum and break the $0.0010038 resistance, we could see a move toward $0.00106 and potentially beyond. However, a failure to break this level could see DOGS consolidating further or retesting the $0.0009353 support.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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