Price: .0001416
(Enter on entry price)
I can see that dog-themed meme coins have already pumped, and now they are facing a resistance zone. On the 4-hour timeframe, there’s a potential W pattern forming. Please remember to manage your own risk while trading — proper money and risk management is a must.
Also, according to the Binance liquidation heatmap, there is a lot of liquidity on the downside, which indicates that meme coins like DOGS may move lower. But a quick warning: ⚠️ I personally don’t prefer meme coins because they lack strong fundamentals. Still, from a technical perspective, a downward move looks likely.
Meanwhile, BTC dominance (BTC.D) is showing bearish signs, so after a correction, altcoins could start moving up.
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