Dogecoin DOGE price tests $0.21 panic zone, breaking below may lead to price plunge Dogecoin has recently shown obvious selling pressure, and the upward momentum accumulated from late April to early May has significantly subsided. Technical analysis shows that the cryptocurrency is hovering near the key support level and faces downside risks. Key support level analysis: Cryptocurrency analyst RLinda pointed out on the TradingView platform that $0.214 is the current important support level and defines it as a "panic zone". It is worth noting that: 1. The distribution phase from May 9 to 11 closed in the $0.2600 range, marking the end of this round of gains 2. Since then, the price has continued to fall and has now tested the $0.214 support level 3. If it is confirmed to fall below $0.2135, it may trigger long positions to close and more violent selling Technical pattern interpretation: The current price trend shows the following characteristics: - Forming a triangle pattern with gradually lower highs (visible in the 2-hour chart) - If it falls below the bottom of the triangle, it may accelerate the decline to the $0.19-0.20 area Dogecoin resistance and support levels worth paying attention to Key price tips: Resistance level: 1. $0.222 2. $0.2307 (need to break through this level to reverse the bearish trend) Support level: 1. $0.2145 2. $0.2135 (breaking below will confirm the continuation of the downward trend) 3. Subsequent support is at $0.20126 and $0.19298 #DOGE