#DOGSCommunity #DogsNaBinance #USDT $DOGS

The DOGS/USDT pair is currently in a delicate support position. The price is currently hovering around $0.001022, which is a slight drop after a period of high volatility in the past few days. The DOGS token recently formed a support base at $0.001068, but it is struggling to break above resistance levels at $0.001212 and $0.00139.

of Possible Movements

  1. Upside Potential: If DOGS can break the resistance at $0.001212 and sustain there, it could attempt to reach its recent high of $0.001644 again. The expectation of a possible interest rate cut by the US Federal Reserve in mid-September could boost the market, benefiting tokens like DOGS.

  2. Downside Risk: However, if the current support around $0.001022 is lost, the price could fall to lower levels, possibly closer to $0.001000, especially if the broader cryptocurrency market faces a correction.

For those looking to accumulate the DOGS token, the current moment may be attractive, given the recent support. However, it is important to keep an eye on resistance and general market conditions, which can strongly influence the token's next movements.