Recently, the DOGE market has shown a tendency to stabilize, presenting a trend of oscillation and consolidation. From a technical perspective, the 1-hour chart shows that after a pullback from the peak of $0.262, the coin price has currently found support around $0.228. Recently, the DOGE price has mainly fluctuated in the narrow range of $0.238 to $0.240.

In terms of technical indicators, the three moving averages of the Alligator Line are still in a converging downward state, indicating that the current trend has not shown a clear reversal. In the short term, investors need to closely monitor the resistance level in the range of $0.240 to $0.243, as well as the support level in the range of $0.235 to $0.228.

For short-term traders, it is advisable to cautiously establish short positions in the range of $0.239 to $0.242. If this strategy is chosen, it is recommended to set the target price in the range of $0.232 to $0.228. However, it is important to pay special attention that if the DOGE price can strongly break through the $0.244 level, one should promptly close positions to cut losses and control risks.

It is worth mentioning that the cryptocurrency market experiences significant fluctuations, and investors should fully assess the risks before making any trading decisions, formulating strategies based on their individual risk tolerance and investment goals. Additionally, closely monitoring market dynamics and macroeconomic factors is also essential, as these factors can have a substantial impact on the price trends of DOGE.