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

Short-term DOGE observation: volume-price divergence + overbought signal, key support at 0.13 to see if it can hold

[Crypto World] Been watching DOGE’s 4-hour chart, and the price action is a bit subtle.

After the drop around 4am on December 3rd, although there was a rebound later than 8pm on December 1st, overall it’s still lower than noon on December 2nd. The last candlestick closed bearish, and the trading volume is shrinking—this upward move is clearly lacking momentum.

The MACD histogram is still in positive territory, but the bars are getting shorter, showing that bullish strength is fading. KDJ is even more direct, shooting up to 90, which is firmly in the overbought zone, so a short-term pullback is something to watch out for.

Key levels to note: Support is in the 0.1301-0.13328 range—if that breaks, it’s trouble; resistance is at 0.151-0.1552, and if it holds above that, there’s room for further gains. Recently, the highest reached was 0.151, and the lowest touched was 0.13328.

Personally, I don’t think it’s a good time to chase longs right now—better to wait for a pullback to the support level. If you really want to go long, make sure to set your stop-loss below 0.13328; for aggressive traders, watch to see if the 0.151-0.1552 resistance area can be broken through.

DOGE-3.09%
View Original
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
  • 6
  • Repost
  • Share
Comment
0/400
监守自盗陈先达vip
· 12-03 17:12
#DOGE# Brothers. Just short the big dog. The big dog is "pregnant." It can't rise. Just short it, short every pump. This is the opportunity.
View OriginalReply0
SolidityStrugglervip
· 12-03 14:06
KDJ soaring to 90 again, this trick is getting old... Wouldn't it be better to wait for a breakout before getting in?
View OriginalReply0
ApeWithNoFearvip
· 12-03 14:05
The divergence between volume and price this time does seem a bit shaky. I also noticed the KDJ soaring to 90, so the short-term risk is indeed high. However, it would only be real trouble if the key support at 0.13 is broken.
View OriginalReply0
0xSleepDeprivedvip
· 12-03 14:03
It would be strange if 0.13 doesn't break; it's obvious this round is a no-go. Is that all the bulls are capable of?
View OriginalReply0
BlockchainFriesvip
· 12-03 14:01
Can we really hold the 0.13 level? It feels like it needs to break down once more.
View OriginalReply0
MetaverseLandlordvip
· 12-03 13:50
Price-volume divergence + KDJ soaring to 90, this pattern does seem a bit risky, feels like a drop is coming.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)