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Dogs

DOGS/USDT - H&S Pattern Signals a Potential Reversalhello guys. let's dive into Dogs analysis! Head and Shoulders Formation: A classic head-and-shoulders pattern formed at the top of this recent rally, indicating a potential trend reversal. Broken Ascending Channel: The price recently broke out of a minor ascending channel, further reinforcing the likelihood of a bearish continuation. Support Zones: The price could retest the $0.000740 level before heading lower. The next strong support zone lies around $0.000700, marked by a previous consolidation area. Descending Channel: The broader price action shows a descending channel. After the breakdown from the head and shoulders, the price is expected to move towards the lower boundary of this channel.
Short
by melikatrader94
6
DOGS price is preparing for growth?The white candlesticks on SEED_ALEXDRAYM_SHORTINTEREST1:DOGS price chart depict the previous fractal movement of the #NOTUSDT price. For OKX:DOGSUSDT price to repeat this path, it needs to break through the trend line and gain a foothold above $0.00075 in the coming days. If this condition is met, then the purchase zone of $0.00075 - $0.00081 will be available for several days before the real pump begins. Follow the development of this idea so as not to miss the chance. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
7
$DOGS Token Burn: Will Deflationary Measures Drive Price Higher?The memecoin space is buzzing with the latest news from Dogs ( SEED_ALEXDRAYM_SHORTINTEREST1:DOGS ) and Notcoin ( GETTEX:NOT ), two projects built on The Open Network (TON). In a move designed to shake up the market, both projects have announced a massive token burn, a deflationary mechanism that is expected to reduce the circulating supply of their tokens and potentially boost their value. On October 9, a total of 4.8 billion SEED_ALEXDRAYM_SHORTINTEREST1:DOGS tokens, worth approximately $3.5 million, were burned, triggering excitement among holders. But can this significant burn event translate into a long-term price rally for SEED_ALEXDRAYM_SHORTINTEREST1:DOGS ? The Impact of Token Burns on SEED_ALEXDRAYM_SHORTINTEREST1:DOGS Token burning is a deflationary practice where tokens are permanently removed from circulation, typically by sending them to a dead wallet. The goal is to reduce supply, thereby creating scarcity that can drive up demand. This is the strategy employed by both DOGS and Notcoin in their recent burn event, aimed at decreasing the token supply to help stabilize prices and encourage a bullish outlook. - The Burn Event: On October 9, DOGS burned 4.8 billion tokens, accounting for roughly $3.5 million. This is a massive reduction in circulating supply, with the expectation that scarcity will boost the token’s price over time. - Charitable Contribution: In addition to the burn, the DOGS community has committed to donating 6 billion unclaimed tokens to charity, adding a philanthropic angle to the project. This move not only garners goodwill but also reduces the number of tokens in circulation. - Market Cap and Current Price: As of this writing, DOGS trades at $0.0007031, with a market capitalization of $363 million. While the token has seen a dip of 6.68% in recent days, the burn event has created anticipation that the reduced supply will eventually stabilize and elevate the price. - Burns in Memecoin History: Historically, token burns have had mixed effects on price. Memecoins like Shiba Inu (SHIB) and Floki have used similar mechanisms to induce price stability. For example, Shiba Inu saw its price remain stable after a 438% burn rate. Similarly, the Floki DAO burned 15.246 billion FLOKI tokens to spur a bullish reversal. If the same trend holds true for DOGS, the token could experience a resurgence in value once the impact of the burn is fully realized. Technical Outlook: From a technical standpoint, SEED_ALEXDRAYM_SHORTINTEREST1:DOGS is presenting signs of a potential bullish reversal, but it still faces volatility in the wake of the burn event. SEED_ALEXDRAYM_SHORTINTEREST1:DOGS is currently in a falling wedge pattern, a bullish chart pattern that typically signals a reversal. A falling wedge occurs when the price consolidates between two downward-sloping trendlines, and when paired with strong fundamentals, it often leads to a breakout. One critical aspect hindering DOGS’ breakout is the lack of trading volume. While the burn has created significant buzz, the token requires an influx of volume to thrust it out of the wedge pattern. Volume is essential for pushing prices higher and sustaining momentum, especially when the market is still digesting the impact of the burn. The next critical level to watch is $0.00119, which represents the one-month high for $DOGS. If SEED_ALEXDRAYM_SHORTINTEREST1:DOGS can break through this level, it could confirm the bullish reversal and potentially set the token on a path toward reclaiming its all-time high (ATH). While the falling wedge pattern signals a potential upside, investors should note that token burns do not always guarantee a price rally. If the broader market sentiment remains weak, DOGS could struggle to achieve the volume necessary for a breakout. What Could Trigger a Bullish Rally? The combination of the token burn and the technical setup creates a compelling case for a bullish reversal, but several factors will determine the strength of DOGS’ rally: - Increased Volume: For SEED_ALEXDRAYM_SHORTINTEREST1:DOGS to capitalize on the falling wedge pattern and break through resistance, there needs to be a significant increase in trading volume. Without this, the token could remain range-bound, despite the positive fundamentals. - Positive Market Sentiment: Memecoins often move in tandem with market sentiment. As we’ve seen with other projects, community enthusiasm and media coverage can play a significant role in driving demand. If the broader crypto market rallies or if DOGS gains further media attention, it could trigger a surge in buying interest. - Sustained Burn Activity: While this initial burn has reduced the circulating supply, the SEED_ALEXDRAYM_SHORTINTEREST1:DOGS team could engage in more frequent burns to maintain scarcity and encourage long-term price appreciation. Regular burns, combined with growing adoption, could form a solid foundation for future growth. Conclusion: Can SEED_ALEXDRAYM_SHORTINTEREST1:DOGS Follow in the Footsteps of Other Burn Projects? DOGS’ massive token burn has created a strong deflationary narrative, and the technical outlook suggests that a bullish reversal is possible, especially if the token can overcome key resistance levels. However, a successful rally will depend on increased volume and positive market sentiment. For now, SEED_ALEXDRAYM_SHORTINTEREST1:DOGS holders will be closely watching the price action around the $0.00119 pivot point, as a breakthrough here could signal the start of a significant upward move. With a strong community backing and deflationary measures in place, SEED_ALEXDRAYM_SHORTINTEREST1:DOGS has the potential to follow in the footsteps of other successful burn projects like Shiba Inu and Floki. Investors should remain cautious, but optimistic, as the burn’s long-term impact on price stability unfolds.
Long
by DEXWireNews
DOGS/USDT Price Analysis: Potential Reversal at Key Resistancehello guys. Descending Channel: The price has been consistently trading within a downward-sloping channel, reflecting a bearish trend that has been dominating the market for the past few weeks. Attempted Breakout: The price is currently testing a breakout from the descending channel, hinting at a potential shift in momentum. Ascending Channel: An ascending channel is forming. Key Resistance Level: There’s a strong horizontal resistance zone near $0.00094. This level could act as a barrier to further upward movement. Support Zone: The $0.00077-$0.00078 region has been tested multiple times, confirming it as a key support area. Summary: Price has been following a descending channel, indicating a bearish trend. A short-term ascending channel has formed, suggesting a potential recovery. Key resistance at $0.00094. Support at $0.00077-$0.00078 level. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
15
TONTON/USDT Analysis: 4-Hour Timeframe 📊 The chart displays Toncoin’s performance against USDT on a 4-hour timeframe, highlighting important dates for potential price movements. 🟢 September 26, 2024 - Buy Date (Green Line): This date signals a potential local bottom for TON, indicating a possible buying opportunity before an expected price increase. 🟢 September 29, 2024 - Buy Date (Green Line): Another local bottom is forecasted for this date, presenting another opportunity to enter long positions as a price increase is expected following this period. 🟢 October 9, 2024 - Buy Date (Green Line): A significant bottom is anticipated around this date, making it a favorable moment to accumulate or enter long positions before the next expected upward movement. 🕒 Note: All times are based on Los Angeles time (UTC -7). Always consider a potential margin of error of 1-2 candles and cross-reference this analysis with additional indicators for confirmation.
by trushkovskiy
Dogs: Knows its boundries.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! If it can hold this level and move up to break and flip these other levels. Elliott wave side, it looks like a ZZ up which would call for the lows to be taken. The last move up from 0.0009941, which was an option from my last update looks like a 3 wave move so there is a super bullish alternative here, a running flat. But the Price Action here has alot to prove. 0.0011732 is a strong resistance. 0.0011184 is the fisrt obsticle for bulls. 0.0010609 is displaying as support atm, a break and it could turn into resistance. 0.0009941 has been holding as strong support. Bulls do not want to see no more than a sweep of that level. Breaking the pivot low, could just be a sweep but the Elliott wave would have to be reconfigured. Trade Safe, Trade Clarity.
Long
by CryptoKnee
Will DOGS repeat the crazy growth of NOT?This idea is purely a flight of fancy and a comparison of #DOGS and CRYPTO:NOTUSD : ✅ “very close” teams of projects ) ✅ A large total and circulating supply of coins ✅ now an interesting card “Durov's arrest” has been played ✅ financial markets are now charged for growth ✅ exchanges are fighting to get users to bring their #DOGS to them by offering promotional campaigns Therefore, if the OKX:DOGSUSDT price follows the OKX:NOTUSDT fractal, the #DOGS price should not fall below $0.0009, and around $0.006, you can think about selling it What did you do with your #DOGS? 👎- sold and got your honest $20-100 for free 👍- will be waiting for at least x5 growth
by P_S_trade
5
DOGS Analysis==>>Inverse Head and Shoulders PatternsOne of the tokens that has been trending for the past few days is the DOGS token . Did you participate in the DOGS Telegram project or not? Do you still have your tokens or have you sold them? The DOGS token is moving near the Support zone . Regarding classic technical analysis , it looks like DOGS is forming an Inverse Head and Shoulders Pattern . Also, Regular Divergence(RD+) can be seen between the two shoulders of the Inverse Head and Shoulders Pattern . I expect DOGS to rise to at least the Resistance zone again after breaking the Resistance lines . And if this zone breaks, we can expect DOGS to increase to at least $0.00129 . DOGS Analyze (DOGSUSDT), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
11
DOGS price is heading into the buying area: analysisDOGS token has been trending for the past few days while the price has remained within a consolidated range. After the pullback soon after the launch, the DOGS price began to closely consolidate within a range, indicating less interference of both bulls and bears. However, the token has held the local support at $0.001 tightly, which has kept the bullish hopes alive. Therefore, the DOGS price is believed to maintain a horizontal consolidation for a while and initiate a fresh rise beyond $0.00117 in the next few hours. The DOGS price remains consolidated above the crucial support zone between $0.00098 and $0.000998, as the bulls have held above $0.001 at the moment. Meanwhile, the MACD suggests an equal participation of bulls and bears as the RSI remains elevated. Once either of the bulls or bears faces exhaustion, the rally is expected to demonstrate a relevant move. Hence, the DOGS price may hit the local support, attracting decent buying volume, which may further trigger a rise to the local high at $0.0011. Once bulls hold these levels, then a rally to previous highs beyond $0.014 initially and later at $0.16 could be imminent.
Long
by paul_endeo