The latest market trends of DOGE have attracted attention. From a Technical Analysis perspective, DOGE is currently hovering near the key support level around $0.20, slightly above this important support area. In the short term, the range between $0.217 and $0.220 may become a resistance level.

The four-hour chart shows that the Bollinger Bands are gradually narrowing between $0.206 and $0.210, indicating that price volatility is decreasing and the market is about to choose a new direction.

Despite some pressure on the price, the On-Balance Volume (OBV) remains around 64.5 billion, maintaining the activity seen during the rise in June. However, on-chain data shows a net outflow of 1.37 million in the spot market, which may increase downside pressure.

On the 30-minute short-term chart, the price mainly fluctuates around the VWAP (Volume Weighted Average Price) of $0.205 to $0.207. Multiple attempts to break through the upper envelope line have been unsuccessful. The short-term RSI indicator is now at 60.67, close to the neutral bullish area, but the trend has started to flatten out, indicating that bullish momentum may be lacking.

Based on the current market situation, operations can be considered in the range of $0.222 to $0.225, with a target price initially looking at $0.218, then $0.214. However, considering the high volatility of the cryptocurrency market, investors should remain cautious and manage risks effectively.

Overall, DOGE is currently in a key price range, and the future trend will depend on whether it can break through the current resistance level or fall below the support level. Investors should closely monitor market movements and make investment decisions based on various factors.