Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Doge is currently near the position of 0.1499;



From the hourly chart, it appears that the short-term is in a stage of oversold correction after a sharp decline, but the overall trend still leans bearish.

A large bearish candle appeared on the hourly chart, directly breaking through the previous key support level, followed by a slight rebound in price at the lower level.

However, the rebound strength is relatively weak, and no effective reversal signal has been formed yet. Overall, it is still in a downward trend.

It has now fallen below the lower Bollinger Band and is in the oversold area, which usually indicates a potential technical rebound in the short term.

KDJ Indicator: The J value has entered a deep oversold zone, which is one of the signals for a short-term rebound.

MACD Indicator: The DIF and DEA are still in a death cross state. Although the MACD histogram has decreased in volume, the overall downward momentum remains strong.

Support Level: The current price around 0.149 is a short-term support level. If this level is breached, it may further decline to the 0.1480 level.

Resistance level: The upper resistance level is around 0.1530. If the price can rebound to this level, it may face certain pressure.

The overall trend remains in a short-term downtrend, but due to entering the oversold zone, there is a possibility of a technical rebound. It is recommended to buy on a pullback to around the 0.147--0.145 range, with the first target near 0.151 and the second target near 0.153.

The above is just personal advice and for reference only. Please refer to the layout of Haoyu Shipan for specifics $DOGE
DOGE-7.24%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)