The analysis focuses on Dogecoin's 1-hour chart, noting its struggle to hold support levels defined in previous updates. The speaker observes a lack of evidence suggesting a confirmed bottom and points to a weak performance. The most promising move was a bounce from the August 22 low. He mentions that breaking below 20 cents would invalidate any bullish outlook, potentially extending wave two. Resistance is identified around 0.2431 and 0.2565. Stronger resistance is anticipated near 0.2800. Fibonacci support between 0.20 and 0.21 has been holding, but bulls haven't capitalized. 0.20 is a crucial level, and 0.1880 is the invalidation point. The analyst suggests the support area is relevant but lacks an impulsive reaction.