Family, let's talk about the latest market trends of Dogecoin (DOGE)! From a technical perspective, DOGE is currently near the key support level of $0.206, slightly above the significant support area of $0.20, with short-term resistance in the range of $0.217 - $0.220. The Bollinger Bands on the 4-hour chart are slowly narrowing in the $0.206 - $0.210 range, indicating that price fluctuations are becoming smaller, and the market is about to choose its next direction.

Looking at the trading volume, although there is some pressure on the price, the On-Balance Volume (OBV) is still around $64.5 billion, maintaining the activity level seen in June's uptrend. However, on-chain data shows a net outflow of $1.37 million in the spot market, indicating that funds are flowing out, which increases the downward pressure.

In the 30-minute short-term chart, the price mainly fluctuates around the VWAP (Volume Weighted Average Price) of $0.205 - $0.207, with several unsuccessful attempts to break through the upper envelope line. The short-term RSI is currently at 60.67, approaching the neutral bullish zone, but the momentum has begun to flatten out, indicating insufficient buying power.

Yang suggests shorting near $0.222 - $0.225, with the first target at $0.218, and then looking towards $0.214. However, with significant market volatility, everyone should invest with caution! #DOGE