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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