DOGS Crypto Comeback? DOGS Price Bouncing From Double-Bottom Support
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 )
- 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.
- 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.
- 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.
- 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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EXPLORE: Neiro Surges To Nearly $400M Market Cap Amid Binance Listing
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.
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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