DOGS Price Prediction: Will the New Cryptocurrency From Elon Musk Soar Higher?
- WBOYOriginal
- 2024-08-30 06:03:17807browse
On the day of launch, the DOGS price formed a strong green candle gaining around 220%. Its high spot trading volume gave way to further price gains.
DOGS price formed a bullish pattern on the 4-hour candle, precisely forming a descending triangle. The price gave a breakout when the price range narrowed due to bears losing control. After the breakout, the price surged nearly 35% in a single-hour candle, but further ascent was halted by bears, and a pullback was witnessed.
The 4-hour candle was robust; it went straight without any interruptions in that short span. Now, it has formed a pullback after short-term consolidation. If its price crosses $0.0016695, then it could invite more buyers for the next bullish move. If the price triggers a breakout after the consolidation, then it may gain an easy target of $0.0018000 or higher based on bullish interest.
Alternatively, buyers might make a panic profit booking if the price formulates further bearish candlestick and breaches $0.0014372. This could create a further pessimistic scenario by accelerating the fall and could come back to the descind triangle’s lower border level.
However, based on the technical chart of 4 hours, the DOGS price prediction suggests that the bullish movement could accelerate further based on interest bias.
DOGS Price Sees A Pullback: Will It Propel More?
After the exhaustion of gains, DOGS built a pullback scenario. A confirmation is now awaited, which may lead to bullish acceleration. Per the DOGS price prediction, once this crypto gets enough fuel from buyers, it could also launch for formulating a new all-time high (ATH).
$DOGS ? SIGNAL ? ? LIMIT ORDER ? LONG BUY?️♀️?️♀️? ?$DOG’s/USDT?ENTRY: 0.001348 TP⚡️: 0.002519 SL❎: 0.001203USE 10X LEVERAGE AND 2% OF YOUR CAPITALS ✍️✅Spot traders can start DCA at this point https://t.co/BvEyxkUEvv pic.twitter.com/mpdSjB83iD
A crypto trader @Brainsofweb3 (Brains) tweeted optimism on X with a chart illustration. Where the traders enthusiastically feel ultra-bullish and may propel higher.
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