DOGS Poised for a Strong Recovery After Extended Downtrend

It has been over six weeks since the launch of the memecoin DOGS. It initially saw a price surge in the first three days, but then lost almost all of its initial gains due to strong selling pressure in September.

DOGS appears to have ended its bearish streak, based on its performance this month. This raises the possibility of a price recovery in the coming weeks, and this scenario may have already begun.

DOGS has just recorded its strongest price performance in the past six weeks in the past two days, with a 23% increase.

This is a sign that the cryptocurrency may be facing further upside potential, especially as selling pressure has stabilized in the first 10 days of October.

At the time of writing, DOGS is trading at $0.000778. The MFI (Money Flow Index) shows that liquidity has started to return to the memecoin since the beginning of the month, creating bullish momentum.