The current price of $DOGS /USDT is $0.0008546, reflecting a sharp 9.76% decline over the past 24 hours. The price has ranged between a low of $0.0007956 and a high of $0.0009549 during this period. The substantial volume of 74.52 billion DOGS and 64.85 million USDT highlights that there is still considerable market activity despite the steep drop in price.
DOGS tested a recent support level at $0.0007956, where the price bounced slightly. However, the downward momentum remains strong, with the current price struggling to hold above $0.0008546. The immediate resistance is seen at $0.0008679, and breaking through this could provide some relief. On the flip side, if the price fails to stay above current support, further declines toward $0.0007841 may be expected.
Traders looking to enter long trades might consider doing so above the $0.0008679 resistance, targeting higher levels such as $0.0009549, with stop losses set just below the recent low of $0.0007956. Conversely, if the price breaks down further, short positions targeting support at $0.0007841 could be a viable strategy. Given the high volatility in DOGS, traders should approach the market with caution.
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