Wang Pang combines the latest data to analyze the DOGE market from technical aspects, capital, and macro factors for investors' reference.

Recently, DOGE has been fluctuating around $0.218, with a nearly 3% drop in 24 hours. However, the sentiment in the Binance derivatives market is bullish, with long accounts accounting for 75% and short accounts only 25%.

In terms of technical indicators:

• The TD Sequential indicator on the 4-hour chart has signaled a buy, indicating a potential short-term rebound.

• The daily chart may be forming a "cup and handle structure" (a bullish pattern) that needs to break the neckline resistance to confirm.

• The nearest support level is at $0.215, followed by $0.19-$0.21; the recent resistance level is at $0.225, with key resistances at $0.244 and $0.277.

Risks to note:

• DOGE is a Memecoin and has high volatility. The range of $0.215-$0.225 has many long and short liquidation orders; a price break above or below could trigger a chain liquidation, increasing volatility.

• The trends of mainstream coins like BTC and ETH will affect DOGE, so it’s important to pay attention to overall market sentiment.

• Updates from Elon Musk, changes in regulatory policies, and progress on Dogecoin spot ETF may also influence prices.

Wang Pang's operational advice: Consider entering a light long position near $0.21678—$0.21728, targeting $0.22138—$0.22858. Lastly, a reminder: the market changes quickly, so it's essential to manage risks and protect your capital above all else. #DOGE