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 is also one of the top 100 cryptocurrencies by market cap currently placed at the 75th position. DOGS price prediction talks are hot in the market currently.
At the time of writing, DOGS price traded at $0.00162, gaining by 23% in an intraday session. Its market capitalization reached $780.90 million. The 24-hour spot trading volume was around $2.06 Billion, at the time of writing. The trading volume increased by 96.90% in the past 24 hours, showcasing increased demand.
DOGS Price Prediction: Short-term Technical Analysis
In a 4-hour timeframe chart, the DOGS crypto price has formed a bullish pattern, precisely the descending triangle. The price gave a breakout when the price range narrowed due to bears’ loss of control. After the breakout, the price surged by nearly 35% in a single-hour candle, but bears halted further ascent, 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 a 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).
A crypto trader @Brainsofweb3 (Brains) tweeted optimism on X with a chart illustration. Where the traders enthusiastically feel ultra-bullish and may propel higher.
DOGS Price Prediction Over Daily Chart
The DOGS token has performed optimistically since launch. DOGS price prediction, showcases that the price may remain bullish for the upcoming sessions ahead.
The recent development has displayed a strong pullback after the triggered breakout from the descending triangle. Therefore, the resistance levels in DOGS are $0.00180 and $0.00200, respectively. However, the support levels in DOGS are $0.00139 and $0.00121, respectively.
