Dogecoin (#DOGE ) is currently hovering near key support levels, with $0.20 being a focal point for the market. In the short term, if DOGE quickly falls below the 50-day moving average, the price may test the 100-day moving average (around $0.21) for support; if it falls further, it may reach the 200-day moving average (around $0.20). If these key support levels are breached, the market may enter a distinctly bearish phase, significantly reducing the chances for a short-term recovery.

However, if Dogecoin can hold its current support, the chances for a rebound are high. The price is expected to challenge the resistance range of $0.24 to $0.26 again, a range that has limited upward movement multiple times over the past few months. Breaking through this resistance level will serve as a clear signal for DOGE to initiate a new round of upward movement, which also implies that short-term bullish sentiment in the market may return.

In summary, the key is to hold the support levels. Investors should pay attention to the performance of the 50-day moving average and the $0.20 support area, as they will determine the direction of DOGE's short-term trend. #山寨季何时到来？