DOGS Price Prediction: Can It Keep Rising Further?

Based on the technical chart, the DOGS price prediction suggests it can keep surging ahead. The price has remained bullish from its launch days and gained around 199% till now.

The technical chart suggests that the DOGS price can keep surging ahead. The price has remained bullish from its launch days and gained around 199% till now.

On the first day of its launch, the DOGS’ crypto price formed a bullish marubozu and gained around 120%. Its 24-hour trading volume has helped it become one of the top 10 cryptocurrencies.

The DOGS crypto traded at $0.00162 at the time of writing, surging by 35% in an intraday session. Its market capitalization was $836.34 million, while the 24-hour trading volume was $1.49 billion.

The trading volume dropped by 39% in the past 24 hours. DOGS token got a circulating supply of 516,750,00,000 DOGS and a total supply of 550,000,000,000 DOGS. Its fully diluted market capitalization was $878.04 Million

Technical Analysis of DOGS Price Over 1-H Timeframe

In a 1-H time frame, the DOGS crypto price formed a symmetrical triangle and triggered a breakout. After the breakout, the price surged by 30% in 4 hours.

After the breakout, the DOGS price witnessed strong buying pressure without any retest. At this point, a short-term consolidation may invite buyers for the next bullish move. If the price triggers a breakout after the consolidation, it may gain around 50% in one go.

Alternatively, if the price forms any bearish candlestick, buyers might panic and prefer to book profit. The profit booking may lead to a sharp selling, and the price may be dropped to the consolidation phase.

DOGS Price Has Triggered a Pullback; Can It Keep Rising Further?

In the 4-H time frame, the DOGS price has triggered a pullback after the exhaustion for a day. This strong, bullish move has attracted buyers, which may lead to a bullish momentum. The price has been rising by forming a new all-time high (ATH).

It would be a buying signal if the digital asset price sustains over the $0.00150 mark and the trading volume supports this momentum. If the chart structure attracts investors, the price may keep surging and record a new ATH.

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