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DOGS (DOGSUSD) Price May Proceed Higher

Johnathon Fox
09/17/2024 | UPDATED ON: 09/17/2024

DOGS (DOGSUSD) Price Forecast: September 17

The DOGSUSD price may proceed higher as it remains strong above the supply level amid a notable surge. The pair is trying hard not to fall by resisting sellers. Suppose the current support at $0.00108 holds, and the hourly chart closes above the $0.00118 resistance level. In that case, there is a high probability of the price reaching the $0.00125 resistance trend line, indicating buyers’ high interest in the asset.

Key Levels:
Resistance Levels: $0.00110 $0.00111, $0.00112
Support Levels: $0.00103, $0.00102, $0.00101

DOGS (USD) Long-term Trend: Bullish (1H Chart)

DOGSUSD has started to stabilize and price may proceed higher as it remains firm above the supply levels in the higher time frames. This is clear as we can see the prices trading above the moving average lines, indicating an uptrend.
DOGS (DOGSUSD) Price May Proceed Higher
However, the previous action by the bulls at the $0.00108 high level in the past few hours has made the coin price proceed higher above the trend line in its recent high.

The DOGS price finds reliable resistance at around $0.00109 above the EMA-50, as the hourly session opens today, indicating that the crypto price may proceed higher, resulting in intraday gains. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.

Notably, the DOGSUSD pair suggests that the token price may proceed higher as shown by the daily stochastic, indicating an uptrend. In light of this, the crypto price may proceed higher to hit the $0.00118 barrier level and extend to a $0.00125 upper resistance in the days ahead, replenishing the recovery sentiments in the crypto’s price in its long-term outlook.

DOGS (USD) Medium-term Trend: Bullish (15-Minute Chart)

The DOGS price may proceed higher on the lower time frame as it shows a bullish race with a potential price jump. The price of DOGSUSD can be seen progressing upward above the moving averages, indicating an uptrend.
DOGS (DOGSUSD) Price May Proceed Higher
The price hike to the $0.00108 high value during the previous action has made it easier for the coin price to proceed higher above the supply levels in its recent high.

As an outcome of low bearish momentum, the DOGSUSD price proceeds higher to a $0.00109 resistance level above the EMA-50, to resume the 15-minute chart. This will however give the buy traders the tendency to further ladder up the trend. To push the price above the supply zone more buyers’ participation is a prerequisite.

However, the DOGS price may proceed higher as the daily signal suggests an uptrend. Therefore, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at the $0.00125supply level might be reached soon in its short-term perspective.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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