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The Dogecoin market in the evening is worth following closely. On the daily chart, 0.198 is an important support level, which shows strong support and is at a certain distance from the current price, providing a buffer space for long positions.
From a short-term perspective, the hourly chart shows three consecutive bullish candles forming a support, and the price has reached the middle band of the Bollinger Bands. This technical pattern usually indicates that a rebound may occur in the short term.
If DOGE can break through the psychological barrier of 0.21, it will open up space for further upward movement. In this case, investors should closely follow the resistance level near 0.216, which may become a new battleground for both long positions and short positions.
Overall, DOGE has a chance of a rebound in the short term, but investors should remain cautious and closely monitor the performance of key price levels, ensuring proper risk management. The cryptocurrency market is volatile, and it is recommended that investors combine various analytical tools to formulate suitable trading strategies.