A stagnant pool of water...

Recently, the price trend of Dogecoin (DOGE) has attracted considerable attention. According to the latest technical analysis, Dogecoin has formed a symmetrical triangle pattern on the 4-hour chart, which typically indicates that the price is tightening, meaning that buyers and sellers are temporarily at a stalemate, and the market is waiting for a breakout direction.
Currently, Dogecoin's key support level is at $0.22, while the resistance level is at $0.25. The price is gradually tightening towards the apex of this triangle, indicating that Dogecoin is likely to experience a noticeable increase or decrease soon. According to analysts' observations, if the price breaks above the resistance level of $0.25, it may rebound to $0.26, $0.28, or even $0.31. Conversely, if it falls below the support level of $0.22, it may drop to $0.21 or even $0.1949.