The price first broke below the 0.13712 support line, then slowly climbed back up with small bullish candles, but there hasn't been any strong volume-driven surge—a typical oversold rebound. To be honest, the bulls' counterattack this round is pretty weak. Now it's hovering around 0.140, with a drop of nearly 5%, oscillating back and forth right at the middle Bollinger Band. The bearish pattern hasn't been broken yet.
Technically, the J value of the KDJ indicator has already entered the overbought area, so this rebound is basically running out of steam. Although the MACD is close to a golden cross, the values are hovering right at the zero axis, meaning bulls and bears are still deadlocked. In the short term, this rebound is most likely coming to an end. If the middle band can't be broken, there's a high chance of a pullback.
If it pulls back to the 0.1388-0.1361 range, you can consider opening a light position to test the waters, targeting the 0.1419-0.1431 resistance zone. Of course, this is just for reference—the specifics will depend on how the market develops.
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TokenVelocity
· 3h ago
The bulls really can't push this wave, it's as flimsy as paper.
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OnlyOnMainnet
· 3h ago
It's another weak rebound like this—the bulls really have no fight in them at all.
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BlockImposter
· 3h ago
The bulls are really underperforming this time, it feels like they're just struggling in their death throes.
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LiquidationWatcher
· 3h ago
Still grinding, the bulls just don't have any strength.
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OfflineNewbie
· 4h ago
It's another one of those weak rebound markets, makes me want to fall asleep.
#数字货币市场洞察 $DOGE The one-hour chart looks interesting.
The price first broke below the 0.13712 support line, then slowly climbed back up with small bullish candles, but there hasn't been any strong volume-driven surge—a typical oversold rebound. To be honest, the bulls' counterattack this round is pretty weak. Now it's hovering around 0.140, with a drop of nearly 5%, oscillating back and forth right at the middle Bollinger Band. The bearish pattern hasn't been broken yet.
Technically, the J value of the KDJ indicator has already entered the overbought area, so this rebound is basically running out of steam. Although the MACD is close to a golden cross, the values are hovering right at the zero axis, meaning bulls and bears are still deadlocked. In the short term, this rebound is most likely coming to an end. If the middle band can't be broken, there's a high chance of a pullback.
If it pulls back to the 0.1388-0.1361 range, you can consider opening a light position to test the waters, targeting the 0.1419-0.1431 resistance zone. Of course, this is just for reference—the specifics will depend on how the market develops.