🚀 Musk is the key support for DOGE Dogecoin! 🚀

At the beginning of December this year, the market capitalization of Dogecoin (DOGE) briefly surpassed Porsche, but its price quickly experienced a sharp reversal. In the last 24 hours, DOGE dropped by 20%, with a nearly 30% decline over the past 7 days. Today it quickly rebounded to 0.33.

Ichimoku Cloud:

The DOGE price is below the cloud, with the red and green lines forming a thick descending structure, indicating that strong resistance still exists above.

DMI Indicator:

The ADX value rose rapidly from 14.7 to 46.7, showing a strong downward trend. The orange D- line reached 45.7, far exceeding the blue D+ line at 5.0, indicating that the market's downward trend is dominant.

🔮 Rebound: If DOGE manages to regain upward momentum, the price is about to challenge the resistance level of 0.34 USD, and further breakthroughs will pave the way for an increase to 0.43 USD.

💡 Musk's words and actions have a significant impact on the DOGE market, and investors need to closely monitor his movements.

Currently, the market lacks sufficient buying support to offset the strong selling pressure. It is necessary to observe the performance of key support levels and potential shifts in sentiment.

Current technical indicators clearly indicate that DOGE is in a downward trend, with sellers dominating.

The market needs to closely monitor the performance of key support levels and whether potential shifts in sentiment can trigger a rebound.🚀