TON Blokchain’s $DOGS in Trouble; Chart Rings Bearish Alarms

The DOGS/USDT pair was last seen hitting a major test mark of 0.0007243 USDT for sharper volatility. That brought the resistance level to 0.0009000 USDT, which essentially paved the way for a bull run that could take DOGS as high as 0.001000 USDT. One criterion is to build momentum above 0.0006907 USDT to avoid falling to a low of 0.0006500 USDT.

$DOGS/USDT Latest Update

We’ve just hit a critical point for DOGS/USDT, and the pressure is building. After breaking out of consolidation, the price is testing 0.0007243 USDT—a key level that could trigger major volatility!

💡 KEY LEVELS 💡

Big Resistance: 0.0009000 USDT –… pic.twitter.com/ZhehWg7RWA

— 𝐙𝐄𝐍𝐈𝐓𝐇 𝐙𝐎𝐑𝐎 (@zenithzoro) October 23, 2024

With all that said, the token can be seen hovering around $0.0006886 at the press time. That is down by 2.86% in the last 24 hours and 3.105 in the last 7 days.

$DOGS Bearish Signals

The highest it went in a single day was $0.0007122 before retracing steps to a downward trajectory. The market cap has plunged, and so has the 24-hour trading volume. The fall comes to 2.86% and 1.67%, applicable in the same order.

A lower trading volume could be a concern because it hints at the potential loss of interest. It is alternatively a signal of the growing sentiment of holding to the portion of accumulation ahead of rebound.

DOGSUSDT Chart Courtesy ZenithZoro

While ongoing bearish sentiments don’t precisely paint a greener picture, near-term predictions speculate that the token is poised to rise by 29.96% in the next 5 days and 226.24% in the next 30 days from the current value. It means that DOGS could trade at $0.000898 within a week and $0.002255 by the end of 1 month from the time when this article is being drafted.

Needless to say, volatility will play a crucial factor in deciding a surge or plunge in the value. Draw a line, and it is obvious that the lows are declining along with the highs, with little left to save the moment. What happens next, according to analysts, is only a fall that fundamentally negates near-term bullish projections.

Community members are hopeful that upcoming trends can go either way at a fast pace. Some are also hoping for the breakout past the support area, while many believe that the market needs to equip itself with shockwaves that could come their way.

Trends of DOGS in the last 7 days are majorly filled with green traders. They are associated with profits and have been in existence for a long time. The streak remained intact right from October 18, 2024, to October 23, 2024. Red trades have only made their appearance recently to check some of the critical points.

A decline in DOGS has led to a fall in the Toncoin ecosystem as well. This is because investors are now pondering over the idea of exploring other options. Rollblock has emerged as an alternative to consider since it banked over 200% gain during the presale event.

Factors that could continue to affect the DOGS/USDT pair are the overall market sentiments and their utility in the market. Sentiments are neutral, and utility is under the radar, depending on how many movements investors actually make during the downtime.

Also Read: ApeCoin Whales Move $17.54M to OTC Amid Volatility: APE Dump Incoming?

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