**$DOGS: If You’re Planning to Buy the Dip, It Might Be Wise to Wait—It Could Dip Further 📉**

**DOGS**

**0.0009436**

**-7.5%**

🔔 **$DOGS** might be on track to add another zero to its price and could remain in that range for a while before a significant move.

📊 On the 4-hour chart, the price has been forming lower highs and showing bearish signals with two new bearish Fair Value Gaps (FVGs). Although the price once dropped below the $0.001 support level and added a zero to its price, it recovered well in the subsequent candle. A large bullish candle yesterday briefly closed above the $0.0011 resistance and attempted to break the descending trendline but was rejected immediately.

Currently, the previous candle that broke the support has a long wick. While it closed above the support, it still indicates weakness. The ongoing candle is approaching that support level again, and there’s a good chance it could break through, adding another zero to the price.

📈 The dashed line at $0.0009 might be the point of reversal, but if the price breaks that level too, the next support could be around $0.0008. Even if the price bounces back from $0.0009, the recovery might be slow and sideways for a while.

*This is not investment advice. Please conduct your own research before making any trades.*

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