$DOGS - WHAT’S NEXT? - HOLD OR SELL?
$DOGS has gained significant upward momentum, climbing 9.51% to reach $0.0010813
This rally comes after a period of consolidation within a descending wedge pattern a classic bullish reversal setup that often signals a shift in market sentiment — For those following closely the price bounced off the key support at $0.0009427 indicating that buyers have started stepping in, pushing the price higher
✔️ key levels
The chart shows a clear breakout from the wedge, suggesting the potential for further upside movement - The next key level to watch is the resistance at $0.0014027 a breakout above this could open the doors for a test of the $0.0018628 level, which marks a significant resistance zone
On the flip side - support remains firm at $0.0004826
and traders should keep an eye on that level as a safety net
✔️ Rising Volume
Volume is also picking up which adds strength to this breakout, suggesting that there's a growing interest among traders in this pair — Technical indicators, such as moving averages and momentum oscillators, are starting to flash bullish signals further reinforcing the upward trend
✔️ Price Action
This price action indicates that $DOGS could be entering a new bullish phase after weeks of downward pressure - For those already positioned this may be an exciting time and for those considering an entry, monitoring the next resistance level will be critical
LFG 🔥🤙🏻
