DOGSUSDT : A Promising Double Bottom Formation Indicates Potential Resistance Breakout**

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DOGSUSDT is currently showcasing a **double bottom** pattern, suggesting a possible breakout above its resistance levels. This technical formation follows a recent breakout of the **trend resistance**, creating an optimistic outlook as long as bulls maintain support above **$0.00081**.

After its initial listing, DOGS experienced significant volatility, with a rapid rise followed by a notable drop due to increased selling pressure and market uncertainty, particularly influenced by the arrest of Pavel Durov in France. However, the formation of a double bottom on the **4-hour chart** indicates a potential market bottom, setting the stage for recovery.

The current bullish dynamics in the broader cryptocurrency market could further benefit DOGS. Key resistance levels to monitor are **$0.000885** and **$0.000938**, while support is established at **$0.00081**. Should the bulls hold above this support, there is a strong possibility for DOGS to reach upward targets of **$0.00096**, **$0.001**, and even **$0.00117**.

Conclusion :

With the formation of a double bottom and overall bullish market conditions, DOGSUSDT has the potential for significant upward movement, provided it maintains critical support levels.

Advice :

Traders should closely watch the price action around **$0.00081**. Holding above this level could be an excellent entry point for those looking to capitalize on potential upward movements. However, be prepared for volatility and ensure to set stop-loss orders to mitigate risks if the market reverses.