Lokesh Gupta
23-07-2024
$DOGS is a memecoin project gaining attention through airdrop programs on Telegram.
On July 11, 2024, #DOGS/USDT started off strongly, exhibiting significant bullish momentum right from the opening.
However, this upward momentum was short-lived, followed by subsequent price declines.
The price pattern showed an initial significant drop followed by smaller fluctuations.
Currently, DOGS is forming a Rounding Top Pattern, indicating a bearish trend.
The MACD indicator signaled bearishness, with the price trading below the 20, 50, and 100-day Moving Averages.
According to Coingabbar analysis, if DOGS finds support, a recovery above $0.03000 might target $0.05000.
Conversely, breaking below the $0.02700 support level could lead to further declines towards the next support at $0.02000.
KEY LEVELS :
RESISTANCE LEVEL : $0.03800-$0.05000
SUPPORT LEVEL : $0.02000-$0.01000
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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