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- A crypto analyst predicts DOGS may offer a potential gain of up to 658% with a strong bullish setup.
- DOGS shows robust technical indicators and market activity, sparking interest in its long-term growth potential.
DOGS, TON-based memecoin, has received major attention following a bullish analysis by prominent TradingView crypto analyst Alan Santana.
In his most recent analysis, Santana highlighted DOGSUSDT’s bright future with a possible profit of up to 658%. Together with a recent 15.17% price rise over the last 7 days, this forecast has piqued interest among traders and investors equally.
DOGS Signals a Promising Setup for Seasoned Traders
Santana claims that although trading volume increased significantly earlier this month, DOGSUSDT is presently trading above its EMA55, a solid positive indication. These technical signals, along with a generally positive attitude on the altcoin market, point to a favorable arrangement for a major price increase.
With several goals stated, ending at $0.0015422, entrance levels for the trade are advised between $0.0007500 and $0.0006900. Santana said the trade is a high-probability arrangement and underlined that the setting stays viable even in the case of a temporary price decline.
He advised spot trading as a safer substitute for newbies, though, noting that this possibility might not be fit for individuals just starting out in crypto trading.
Reflecting their recent price increase, DOGS is trading at roughly $0.0007235 as of writing. With its market cap around $370 million. Apart from its trade performance, DOGS has gained news attention for its community-driven projects.
DOGS, together with Notcoin (NOT), burned $4 million worth of unclaimed tokens from a Telegram airdrop carried out in October, according to a prior CNF report.
The community decided, notably, not to burn all unclaimed tokens. Rather, some went to philanthropic causes, showing a taste for long-term development and more general societal influence than quick financial success.