Latest updates on DOGS currency: Is it time to buy after the significant drop?🤔

Today, the price of DOGS is hovering around $0.0001367 with a highest level reached during the day of $0.0001391 and a lowest level of $0.0001316. The market is experiencing noticeable selling pressure, as the price has sharply declined over the past 24 hours and has broken the main support level at $0.000146.

By observing the candlestick movements, some bearish patterns are evident that reflect the continued dominance of sellers in the market, but the Relative Strength Index (RSI) indicates overselling, which may provide an opportunity for a near-term rebound if buyers regain strength. Additionally, Fibonacci levels at 61.8% indicate strong support around $0.000136, and this area could be a potential reversal point.

If the price continues to decline and breaks $0.000135, we may see an additional drop to the next support levels at around $0.000105. In the medium term, forecasts suggest the price could reach $0.000103 by mid-September if no reversal occurs.

In summary, the market is weak today, and trading requires caution. For long-term investors, it is better to wait and see a clear reversal before buying, while day traders can monitor the area around $0.000135 as a potential buying opportunity if the price rebounds from it.

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