Currently, $DOGS /USDT is trading at $0.0008813, showcasing a minor uptick of +2.79%. This positions the asset above its recent low of $0.0008544, yet below the 24-hour high of $0.0009577. Market indicators on the chart reveal a downward trend, with the potential to rebound or further decline.
The green arrow indicates a previous surge to the 24-hour high, while the white trend lines suggest a forming descending channel, signaling potential bearish momentum. The red question mark highlights uncertainty in the current market direction, posing a question to traders: will DOGS continue to fall or is there room for recovery?
For traders:
๐ Short Trade: Consider entering below $0.0008813 with targets at $0.0008610 and $0.0008198.
๐ Long Trade: If a reversal seems imminent, enter above $0.0008813 aiming for a short-term target of $0.0009161.
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