DOGE Four-Hour Chart Analysis: Price-Volume Divergence Hides Risks, Key Levels Fully Reviewed

[Crypto World] Been watching DOGE’s recent 4-hour trend. After that big drop at 4 AM on December 3, the price has shown some signs of recovery. Compared to 8 PM on December 1, there’s been some pullback, but it’s still down from midday December 2.

Looking at the chart, it’s pretty contradictory—there was a strong green candle, but the last one has already turned red, with the closing price below the opening. What’s worse is that trading volume is shrinking; volume is dropping even as the price rises, which shows a clear lack of upward momentum.

MACD isn’t giving a clear direction either. The histogram is still above the zero line, but each bar is getting shorter, signaling the bulls are losing steam. KDJ has shot up to 90, clearly in the overbought zone, so there’s high risk in chasing the price short-term.

Based on the current chart, here are a few key price levels:

• If you want to bottom fish, watch 0.13328 and 0.1301, with a stop loss set at 0.13328
• For long positions, consider taking partial profits at 0.151 and 0.1552; for shorts, also set your stop loss at 0.151
• Support is at 0.1301, resistance at 0.1552
• Recent high: 0.151; recent low: 0.13328

Overall, the bulls are losing strength. For short-term trading, don’t chase the price up—wait for a pullback and confirmation of support first.