$DOGE - Dogecoin surged above the upper resistance of USD 0.21 on May 10, indicating a change in the short-term trend.

The rally is facing selling at USD 0.26, which could result in a new test of the breakout level of USD 0.21. If the price strongly bounces back from USD 0.21, it suggests a shift in sentiment from selling on rallies to buying on dips. This increases the likelihood of a rally to USD 0.31.

If buyers want to avoid the rise, they will need to push the price below the 20-day EMA (USD 0.19). If they succeed, the DOGE/USDT pair could oscillate within a wide range between USD 0.26 and USD 0.14 for a while.

The pair has retraced from USD 0.26, with immediate support at USD 0.22 and then at USD 0.21. If the price bounces from the support zone, it suggests positive sentiment where dips are being bought. The bulls will then attempt to resume the uptrend by pushing the price above USD 0.26.

Conversely, a drop below USD 0.21 signals that the bulls are rushing for the exit. This could lower the price to the 50-day SMA.