#DOGS have established its new support at 0.00098 although we're still observing this support whether it will stay true to one of our checklists in identifying supports. Firstly, it should hold the price after countless rejections, indicating that accumulation actions by the buyers are still present in the zone where support may be identified.

Secondly, identifying the intentions of sellers by analyzing no major selloffs are currently happening at the slight impulsive wave upwards bouncing from the support. This is needed to be identified in order to ensure that the support we can see is not just another trap to lure potential buyers of a fake/weak foundation of prices.

Next, verifying the overall sentiment surrounding DOGS. As of the moment, many enthusiastic members of the DOGS community are still hyping up the potential overall value of DOGS. There are also other projects being developed within this token's economy, thus, we can safely assume more supports will be created in the zone we've highlighted or even lower it.

Lastly, aside from checking whether the support is being established with validation of surrounding sentiment to hold its level. We must also review if instead of a support being established, a new resistance might be created. For example, in the event DOGS get rejected at 0.0012. This might create a new resistance level for DOGS instead of a support establishment.

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