Analysis of DOGE's short-term trend: $0.21 becomes the watershed between long and short positions. From the perspective of technical analysis, DOGE's recent trend will be fiercely contested around the key price of $0.21.
If the price can effectively stabilize above this point, it is expected to activate bullish momentum and challenge the $0.26 resistance level upward; once it breaks through, the further target can be seen at the $0.31 mark.
On the contrary, if the $0.21 support is lost, the price may quickly drop to $0.17, and DOGE will return to the $0.14-0.26 oscillation box range.
In the four-hour K-line chart, $0.22 and $0.21 form a double support line.
If the price rebounds effectively in this area, it means that the bulls are still in the lead; once it falls below this support range, the short-term downside risk will be significantly increased,
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