**Should You Buy Dogs ($DOGS ) Now? 🐶**
**Current Price Action**
DOGS is trading around $0.0009533, after a slight bounce from a recent low of $0.0009380. It previously reached $0.00110 but has since retreated. Key Question: Will this bounce turn into a bullish breakout?
**Chart Analysis**
On the 1-hour chart:
- The 7-day simple moving average (SMA) is $0.0009409 and the 25-day SMA is $0.0009639.
- If buyers remain aggressive, the price could rise, but keep an eye on the 99-day SMA at $0.0010461 for potential resistance.
**MACD: Is There a Rebound?**
The MACD is getting closer to a bullish crossover, which could signal an uptrend. However, trading volume remains low, so price action could remain slow until more buyers step in.
**Volume & Market Sentiment**
Current volume is 1.63 billion, which shows some interest, but not enough for a major breakout. If volume increases, we could see a sharp rise. Otherwise, the price could stabilize or even fall.
**What's Next?**
- **Short-Term Traders**: Keep an eye on the MACD crossover and a break above $0.0009639 for a possible profit.
- If the price drops below $0.0009400, it is better to wait for a clearer sign.
