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Dogecoin is currently consolidating around 0.1370, with a relatively flat performance intraday. In the past hour, the price has slightly retraced by about 0.1%, and trading volume has decreased compared to before. Both bullish and bearish forces are not strong enough, and the market is still in a hesitant stage.
From a technical perspective, the one-hour chart shows an interesting trend. The price has been repeatedly testing support and resistance between 0.1367 and 0.1375. The moving averages are tightly clustered, with MA5 and MA10 flattening, indicating that the short-term trend has yet to find direction. The MACD indicator is oscillating near the zero line, with the momentum histogram approaching zero, and the RSI is around 48, a typical neutral signal, showing no overbought or oversold signals.
Looking ahead, if Dogecoin can volume-break through 0.1375, the rebound space could extend to the 0.1380 to 0.1385 region. Conversely, if it falls below 0.1367, support at 0.1360 remains, and traders should pay attention to whether volume can support the move—volume changes often indicate the direction.
In terms of trading strategy, short-term traders can take small positions within this range to buy low and sell high, waiting for a true breakout of the range to follow the trend. Remember to set proper stop-loss points.