DOGE's recent performance has attracted a lot of follow. The price has been testing around 0.130 dollars repeatedly and is currently in a critical consolidation window, with both bulls and bears fiercely battling in this area.



From a technical perspective, DOGE has consecutively broken through two important price levels of $0.1280 and $0.130, indicating that buying pressure is gradually entering the market. Meanwhile, the price is running above the 100-hour simple moving average, with the short-term trend direction being upward. On the hourly chart, the coin price is moving along a clear upward trend line, with $0.1315 being the most critical support level at present - you can understand this as the short-term "safety bottom." As long as this level holds, bulls have reasons to continue going long.

However, it should be noted that although the market has an upward trend, the momentum is clearly limited. If the price falls below $0.1275, the short-term support will be broken, which could trigger a wave of decline. Overall, DOGE is oscillating between consolidation and a slight rise, with a low probability of significant fluctuations, more likely to oscillate repeatedly between support and resistance.

For traders, grasping support and resistance levels is key. If the support level holds, there is room for upward price movement; be cautious of selling pressure near the resistance level. For short-term operations, it is advisable to operate within these two key zones, and not to blindly chase highs or lows.
DOGE-2.11%
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