DOGE surged to 0.28767 USD yesterday, but today it has pulled back, currently retracing to around 0.247. Short-term long positions are clearly facing resistance, and market sentiment has slightly cooled. The key question is — is this pullback a Whipsaw? Or a signal of a failed breakout?

🐻 Short positions counterattack: Defend the breach of $0.26, testing $0.22

After losing $0.26, the bears took the initiative in the short term, and the current pullback has approached the previous platform range. If it continues to weaken and does not return above $0.26, DOGE may test the previous low support of $0.22 (corresponding to the midline of the daily chart and the previous range), which will trigger a defense battle for long positions.

⚠️ Once it falls below 0.22, further pullbacks to the 0.20-0.19 USD range cannot be ruled out, and one should be wary of the risk of a deep adjustment.

🐂 Long positions watch: Regain 0.26, the target still points to 0.29 or even 0.35

Long positions have not completely exited the market. If DOGE stabilizes and stops falling in the range of 0.24-0.25 USD, and quickly rises back above 0.26 USD, it will be seen as a strong confirmation of support. Once stabilization succeeds, there is still hope for a renewed offensive:

The first resistance level is at 0.29 USD.

If successfully broken, the target points to the previous high of 0.35 USD.