According to the latest Technical Analysis, the MACD indicator on the hourly chart for DOGE is about to form a golden cross pattern, which usually indicates that market sentiment is shifting to a positive outlook. Considering that DOGE's price movement is often influenced by technical factors, this signal is worth investors' close attention.

Currently, $0.195 is seen as a key support level and a watershed for determining the future market direction. Analysts expect that if DOGE can firmly stay above $0.195, it is likely to further rise, with the target range possibly between $0.190 and $0.21.

It is worth noting that the cryptocurrency market as a whole is undergoing an adjustment, while the price of spot gold has reached a historical high, reflecting the complex situation of the global financial market. In addition, Binance Coin (BNB) has also reached a new high recently, showing that some crypto assets still maintain strong momentum.

In such a market environment, investors should remain vigilant and closely monitor the impact of various macro factors on the cryptocurrency market, including the latest comments from Federal Reserve Chairman Powell. At the same time, attention should be paid to the movements of institutional investors like MicroStrategy, as their investment decisions may have significant effects on the market.

Overall, the short-term price movement of DOGE shows positive signals, but investors should remain cautious and consider multiple factors when making investment decisions.