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#DOGE
On July 20th, DOGE broke through the key resistance level of $0.26, instantly warming market sentiment. As the price continues to rise, DOGE seems to be trying to break free from the sideways movement and aim for higher targets.
But the contest between the bulls and bears is far from over.
🐻 Bear Market Counterattack: Focus on the $0.26 Defense Line
The bears are making a full effort to push back, attempting to pull the price below $0.26. If they succeed, aggressive long positions will face the risk of being trapped, and DOGE may subsequently slide, testing the 20-day moving average below at $0.22.
However, $0.22 is a potential bullish ambush point, and if it falls to this level, it may trigger a new round of buying support.
🐂 Bullish counterattack: Hold 0.26, aiming for 0.35!
If the price stabilizes and rebounds above $0.26, it means that the bulls have turned previous resistance into new support. This will release a strong bullish signal.
Although there is slight resistance at $0.29 above, if it breaks through, DOGE is expected to accelerate towards the next target, which may reach $0.35.