A double bottom and a breach of trend resistance are being formed by $DOGS. As long as the bulls maintain their defenses above 0.00081, this is a very encouraging scenario.

The currency flies to the moon after listing because of the dump, but a market phase shift to a "dump" is established after a strong seller or lack of interest from the buyer appears, against the backdrop of waning support for Pavel Durov's arrest in France.

The construction of a market bottom is indicated by the technical formation of a double bottom on 4H, the repetition of local lows, and the breakout of trend resistance.

The cryptocurrency market is currently exhibiting bullish dynamics, which may have an impact on DOGS in line with that.

Levels of resistance: 0.000885, 0.000938

Levels of support: 0.00081