$DOGS /USDT – 15m Chart Read
DOGS swept liquidity into the 0.0000397 area, where buyers stepped in aggressively and defended the zone with a sharp wick-and-reclaim. That reaction confirms 0.0000397 as a clear defended support, signaling sell-side momentum exhaustion rather than continuation.
Price has since rebounded and is now consolidating around 0.0000401–0.0000405, stabilizing just beneath short-term moving averages. Momentum has shifted from impulsive selling into compression, with volume expanding on the bounce — a sign that demand absorbed the dump and late sellers are getting trapped below.
Overhead, resistance sits at 0.0000408, followed by 0.0000410–0.0000414, where prior highs and the descending MA(99) cap upside. A clean push through these levels would signal momentum expansion and open the door for a broader recovery attempt.
Bias remains bearish-to-neutral while price holds below 0.0000410, keeping the broader structure heavy. Caution level is 0.0000397 — a loss of that base would weaken the structure and favor downside continuation. For now, the tape favors consolidation with a slight continuation bias, as buyers continue to defend support and downside pressure fades.
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