- DOGS consolidates above support with a 6X leverage trade setup, signaling upside potential.
- Community support and token burning strategies strengthen DOGS’ bullish momentum in the market.
The DOGS token is now gaining ground in the cryptocurrency market and has huge upside potential. Alan Santana, popular cryptocurrency analyst on TradingView, says: “DOGS is ultra bullish right now, with consolidation occurring above support. »
Each day that passes makes the graph more robust. Santana points out that the token's current velocity exceeds significant thresholds, indicating a continued increase in DOGS. He said: “We now have the highest price since October 2024; soon to be the highest since September; DOGEUSDT continues to rise. »
DOGS Gains Strength with EMA55 and 6X Trade Setup
The EMA55 line is a significant technical indication that supports this optimism. Santana noted that although the token's last session dipped somewhat below this level, it quickly recovered and closed in the green.
The EMA55 also corresponds to the 0.618 Fibonacci extension level, a key area in technical analysis that sometimes indicates strong support. “We are moving up and we have a leveraged trade with 6X that is ready to explode,” Santana said, noting that this alignment highlights the strength of memecoin. Patience is important.
Complementing the positive sentiment, DOGS saw a considerable price rise and at the time of writing it was trading at around 0,0008 $. With an increase of 5,11 % over the past seven days, its market capitalization has surpassed the $400 million mark.
Thanks to its strong short-term bullish setup, another crypto analyst said that DOGS could generate possible returns of up to 70%, according to a rapport prior of CNF. Strategic tokenomics and strong community support also contribute significantly to DOGS’ momentum. A combustion of Scheduled tokens of 4 million dollars aims to reduce the circulating supply.
