The latest Technical Analysis shows that the DOGE market is facing significant downward pressure. On the daily chart, DOGE has broken below important MA support levels, including the 9-day and 21-day exponential moving averages, while the RSI has also fallen below the 50 level. These indicators collectively signal the formation of a medium-term short positions trend.

In the 4-hour chart, the trend of DOGE is also not optimistic. The price is currently within a downward channel, positioned below the pivot point and the volume-weighted average price (VWAP), further confirming the market pattern dominated by short positions.

The technical indicators on the hourly chart also show negative signals, including the downward-bending short-term MA and the expanding MACD negative bars, indicating that the downward momentum may continue in the short term.

Based on the current market conditions, the trading strategy suggests focusing on observation and risk control. Investors should closely monitor the breakout of key price levels, especially the resistance level around $0.222. If the daily chart closes above this level again, it may indicate a shift in market sentiment.

However, if the price continues to fall, the psychological support level at the integer mark of $0.200 will become significant. If this level is broken, it may trigger further selling pressure, causing the price to move towards lower support levels.

In the current trend, it is not recommended to go against the trend. Investors should remain cautious and wait for clearer market signals to emerge. At the same time, attention should also be paid to the overall cryptocurrency market's movements, as it may significantly impact the price direction of DOGE.

Overall, DOGE is currently in a sensitive price range, and investors need to stay vigilant, closely monitor market trends, and make informed investment decisions based on their individual risk tolerance.