The analysis focuses on Dogecoin's recent price action. The market has been moving sideways since a recovery rally. The speaker believes this move up could be the first wave of a larger five-wave move. The analyst mentions the potential for a pullback to the 0.1157-0.16 area and sets potential support levels at 0.16, 0.145, 0.1325, and 0.1157. The Coinbase low was around 0.145. A key resistance level is identified at 0.22, which corresponds to previous swing lows. To turn bullish, the price would need to break above 0.22, then 0.274 before the selling pressure could diminish, with additional resistance points at 0.254, 0.305 and 0.315. The analyst points to Fibonacci resistance between 0.19 and 0.214. The analysis suggests sideways movement is likely in the short term.