DOGE is consolidating below the key support level, and the inverse head and shoulders pattern is gradually becoming clearer on the 4-hour chart. The left shoulder, head, and right shoulder are arranged near the $0.1716 support, and the current coin price is hovering around $0.1743.

Key points: The upper level $0.1815 is the neckline and also short-term resistance; the lower level $0.1716 has been held multiple times, becoming the basis for the rebound. In the past 7 days, DOGE has dropped 6.5%, but this consolidation sign indicates that the market is building momentum.

Technically, the 24-hour volatility has repeatedly tested the range of $0.1716-$0.1815, and the weak trading volume indicates low participation. However, there are signs of slight bottom fishing at recent lows. If it can break the $0.1815 neckline and hold, a Reverse head and shoulders may start; otherwise, it will continue to find support at $0.1716.

Simply put: wait for the signal, do not operate. This position is too stuck.