In recent days, DOGS has been showing positive market dynamics, testing key resistance levels and maintaining important moving averages.
Support and Current Dynamics of DOGS
DOGS continues to uphold an ascending trend, forming a series of higher lows since June. The price rebounded from the ascending trendline, signaling buyer activity. According to Alpha Crypto Signal, buy orders are stacked around $0.0000150 with minimal selling pressure.
Critical Supply Zone and Bullish Pressure
DOGS is currently testing a critical supply zone between $0.0000165 and $0.0000170, which has repeatedly rejected price advances from June to August. As of now, the candle shows expansion with increased trading volume, indicating fresh demand for the asset. Analysts note that for confirmation, a daily close above $0.0000170 with volume at least 1.5 times the 20-day average is needed.
Breakout Targets and Market Outlook
Should DOGS close above $0.0000170 on good volume, it is projected to rise to $0.0000186, $0.0000205, and possibly $0.0000220. The initial target aligns with a May pivot cluster that may briefly slow momentum. DOGS is trading at $0.0001621 at the time of writing, reflecting a 17.68% gain over 24 hours.
As buyers continue to maintain control above key moving averages EMA9 and SMA50, the market is awaiting a decisive breakout to confirm the next wave of growth.
