🚨 The price of DOGS is currently plummeting, approaching the previous low, and the community is in intense debate. 🚨
Although the DOGS project has announced an ambitious development roadmap for the first half of 2025, including expanding the utility of the token, game development, charitable activities, and partnerships with major brands, the value of DOGS continues to decline sharply. This raises questions about the feasibility and commitment of the development team.
📉 Market reality:
Down over 90% from the previous high.
Even though there are over 5 million wallets holding DOGS and it has been listed on major exchanges like Binance, OKX, and Bybit, the value of the token is still not maintained.
With these developments, the biggest question is: Is this the last chance for $DOGS to recover? Or is it time for us to take strong action and boycott this coin?
Technical analysis:
The current price area is nearing a strong support level of 0.0001006, which is a previous low that $DOGS had touched and recovered from before. If DOGS holds steady in this area and shows signs of recovery, we may see a strong bounce.
Reasonable buying price area: If DOGS maintains above this level and shows signs of reversal, this could be a good opportunity to enter a buy order. One strategy could be to buy when the price holds above this level and confirms an upward trend.
Long-term target: When DOGS starts to recover and rise, we can expect targets at price levels of 0.0002 – 0.0003 in the future, depending on the project's development and market conditions.
⚠️ Worst-case scenario – Break below 0.0000950:
If $DOGS breaks below 0.0000950 and cannot recover, this will be a clear signal that this coin has no growth prospects in the short term. At this point, we need to take strong action – boycott DOGS and look for other investment opportunities.
Holding DOGS and continuing to criticize every day will only lead us to incur more losses without a solution. Don't just stand there and curse, take action. Find other coins with more potential, don't waste time on a project that no longer has the ability to recover.
I am also a victim of buying DOGS and am currently incurring losses. But this will be the last time I put hope in it. We need to learn to make wise decisions and not let emotions dominate regarding the decline of this coin.