Date: Thu, Sept 05, 2024, 02:30 PM GMT
The popular memecoin “Dogs” has made a surprising comeback, breaking out of a recent downtrend and surging by 5.16% in the last 24 hours. After a tough period following its listing on August 26, DOGS had been struggling, especially when Bitcoin (BTC) experienced a downturn. The price of DOGS dropped to $0.0010 after initially holding the $0.0012 level.
However, thereâs new optimism in the air. The well-known crypto analyst @CryptoFaibik shared an update on X (formerly Twitter), highlighting that DOGS is breaking out of a “falling wedge” pattern on the hourly chart. According to his analysis, this technical breakout at $0.001020 has set the stage for a potential bullish rally.
$DOGS is breaking out of Falling Wedge on the Hourly TF Chart..!!
— Captain Faibik đș (@CryptoFaibik) September 5, 2024
Expecting +40% Bullish Rally in the Short term.. Don't miss the Ride.. đđ#Crypto #DOGS #DOGSUSDT pic.twitter.com/ce11L3qLE6
As the price currently sits at $0.001070, @CryptoFaibik has set an ambitious target, predicting a 40% upside for DOGS, which could push the coin’s price to $0.001445 in the short term. He urged followers not to miss out on what could be a significant rally.
As always, with the volatility in the cryptocurrency market, such predictions should be appr.oached with caution. But for DOGS traders, this breakout could be a hopeful sign of a strong recovery
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice.
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