Get started

DOGSUSDT

Dogs / Usdt BINANCE:DOGSUSDT Here's a summary of the key price levels and potential movements for the asset "Dogs" based on your information: ### Current Price and Analysis: - **Current Price:** $0.0014390 - **Support Zone:** $0.001344 - **Resistance Level:** $0.0015543 - **Next Support Level (if breached):** $0.0011434 ### Key Points: 1. **Support Zone Analysis:** - **Current Price vs. Support:** The price has bounced from the $0.001344 support level. If the price holds above this support, it suggests that buying interest is strong and the price could potentially rise. 2. **Resistance Level:** - **Next Resistance:** $0.0015543. If the price moves up from the support level and reaches this resistance, it might face selling pressure. Watch this level for potential signs of reversal or continuation. 3. **If Support Fails:** - **Next Support Level:** $0.0011434. If the price falls below the current support level of $0.001344, the next significant support to watch is at $0.0011434. This level could provide another chance for the price to stabilize or reverse direction. ### Summary: - **If the price holds above $0.001344:** Look for potential upward movement towards the resistance level at $0.0015543. - **If the price falls below $0.001344:** Monitor the next support level at $0.0011434 for possible stabilization or further declines. Disclaimer : I am not Financial Adviser
by Wolftrader1337
2
DOGS memecoin plummets by 23.77%: what's next?DOGS memecoin made a strong entry into the crypto market after a long-anticipated listings on Binance (BNB) and WhiteBIT (WBT) on the 26th of August 2024. The launch became a social buzz, especially as the launch timing coincided with International Dog Day. With this favorability, the memecoin was well-positioned to create a strong user base. However, the market did not respond as expected, as prices have expressed a sharp decline. The listings were anticipated to boost trading activity, and demand, and drive prices up through buying pressure. However, at press time, the Ton-based meme coin was trading at $0.00122 after a 19.80% decline over the past 24 hours. Since its launch, DOGS declined by 23.77%. This marked a strong downward trajectory against market predictions. Before the official launch, the memecoin was predicted to surge to $0.002. Thus, a decline to $0.00129 has left the market worried over future prospects. Usually, memecoins surge immediately after launch, thus, this launch defied the most common market trend. This showed investor’s lack of confidence in the memecoin’s potential. Also, according to Coinglass, DOGS has experienced $6.92 million in total liquidation since the launch. Long position liquidation has hit $3.55 million, while short position liquidation hit $3.37 million. Such high levels of liquidation for short and longs show investors’ lack of confidence, fear, and market uncertainty, which is a bearish market sentiment. If the current market condition holds, DOGS may plummet further to a pre-listing value of around $0.0005416. But a reversal will drive the meme-coin to its significant resistance level of $0.0018. However, as the memecoin sets foot, all eyes are set to determine how it navigates the market.
by paul_endeo