$DOGE

🐶 On August 6th, DOGE bounced from the 50-day moving average ($0.19) and has now climbed to the 20-day moving average ($0.22).

However, the moving averages are flat and the RSI is stuck in the middle, indicating that neither bulls nor bears have a clear advantage right now.

🐂 Bullish Scenario

As long as it stays above the 20-day moving average, DOGE has a chance to reach the resistance zone of $0.25~$0.26.

If the bulls can break through this wall in one go, there will be more room for growth afterwards.

🐻 Bearish Scenario

If DOGE is pushed back around the 20-day moving average, it indicates that the bears are firmly holding this position. In this case, the price may continue to oscillate between the 20-day and 50-day moving averages.

📌 Trading Focus

Key Support: $0.22

Strong Resistance: $0.25~$0.26

Short-term Signal: A breakout above $0.26 could be considered for follow-up, while falling back below the 20-day moving average requires caution from both bulls and bears.