Dogecoin long view

Looking at the chart on the four-hour time frame, we see that the price of Dogecoin, after yesterday's fall to 0.19500, managed to climb to 0.23000 today. We currently have a resistance of 0.23000, and we need a break above to continue on the bullish side; for that, we need a new break above the MA50 moving average. The broader picture is that we are still moving in a large falling channel, with falling consolidation at the bottom line of this channel. For the bullish target on this time frame, our upper channel line and zone around the MA200 moving average is 0.26000-0.27000. For the bearish scenario, we need to continue the negative consolidation along the lower edge of the channel, with the goal of testing the previous low again at 0.19500 and then the next potential support on the chart.