Technical analysis by Traders_Notes about Symbol DOGS on 8/4/2025

The price has been moving sideways for several months, forming a classic low-volatility summer channel. 🔹 Primary trend: still bearish — price remains inside a descending channel 🔹 Volume: mostly low, but occasional spikes near support may signal hidden accumulation 🔹 Formation: a triangle is forming near the top of the channel — false breakouts or wicks are likely 🔹 Sentiment: this is a classic capitulation zone — where most traders give up, exit positions, and lose conviction 📉 When everyone thinks it's dead — that's often where major bottoms are built. This is the time to stick to your risk strategy and position sizing, not emotions. 🐕 DOGS — key reasons to watch: • Twitter community: 3.4M followers — huge potential for renewed interest • If memecoins return to trend — moves could be fast and aggressive 📌 Watch closely for a breakout from the triangle — it could define direction for weeks ahead