Can DOGS rise to $1? Wake up, this is not very realistic 🤔



After looking at the on-chain data and technical aspects, we must speak frankly:

**Current Situation:** DOGS is currently stuck at $0.001575, down nearly 4% in the last 24 hours. To rise to $1, the market cap would need to break several hundred billion — this is basically a pipe dream for a memecoin with such a large supply.

**Technical Analysis:** Resistance levels are clustered around $0.001953, and it’s tough to break through this, so how can we talk about a 1000% rise? Currently, there are no strong buy signals, but rather waves of selling pressure.

**Realistic Goals:** If the market really experiences a big bull run, it would be acceptable for DOGS to rise to the range of $0.005-0.01. For that to happen, the community needs to become truly active, the project team should implement a decent burn plan, and the entire crypto market needs to be High.

**Heartbreaking Truth:** Memecoins ultimately rely on community enthusiasm and FOMO. $1? Unless some miracle happens, don't count on it. If you're buying in on the hype now, it's advisable to set a stop-loss, or you might get cut.
DOGS-4,18%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin