DOGS: Testing Resistance within Downward Channel

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hello guys.

Downward Channel: The chart shows DOGS/USDT moving within a descending channel, indicating an ongoing bearish trend.

Current Rebound: The price is currently bouncing back toward the upper boundary of the channel but is facing a resistance zone around $0.00065–$0.00070, which aligns with the channel’s resistance.

Possible Rejection: A rejection from this resistance area could signal a continuation of the downward trend, with the price potentially heading back to lower levels within the channel.

Breakout Potential: If DOGS/USDT can break above the channel and maintain support above this resistance zone, it could suggest a potential trend reversal or short-term bullish momentum.

Outlook: Watch for price action around the resistance zone. A clear rejection could lead to further downside, while a breakout may open up opportunities for an upward move.

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