$DOGE

DOGE/USDT Daily K-line Chart shows that Dogecoin (DOGE) has recently experienced a significant decline followed by a low-level rebound, with the current price around 0.33952. Below is a detailed technical analysis and operational suggestions:

Technical Analysis

1. Moving Average Dynamics

• MA(7) (0.36891): The short-term moving average is declining, exerting pressure on the price, and a short-term rebound needs to break through this level to further rise.

• MA(25) (0.40472): The medium-term moving average is also declining, and a medium-term rebound needs to break through this moving average to confirm a trend reversal.

• MA(99) (0.24178): The long-term moving average continues to rise, indicating that the long-term bullish trend remains healthy, with the current price far above the long-term support line.

2. MACD Indicator

• DIF (-0.00618) is below DEA (0.00876), green bars continue to increase, but signs of weakening are evident, indicating that bearish strength has weakened and bullish strength is gradually recovering.

• MACD has not yet formed a golden cross, and the strength of the short-term rebound needs further confirmation.

3. Trading Volume

• Volume increased during the rebound, indicating that bullish sentiment has strengthened, but it needs to be observed whether the volume can continue to push the price further up.

4. Key Support and Resistance

• Support Levels: 0.300 (psychological support) and 0.243 (long-term support MA99). If the price falls below 0.243, it may further test lower support.

• Resistance Levels: 0.368 (MA7 resistance) and 0.405 (MA25 resistance). Breaking through 0.405, DOGE is expected to test the previous high of 0.484.

Operational Suggestions

Short-term Long Position Strategy

• If the price retraces to the 0.300-0.320 area and stabilizes, a light long position can be taken, targeting 0.370-0.400, with a stop loss set below 0.290.

High Position Short Strategy

• If the price rebounds to the 0.370-0.405 area but fails to break through, a light short position can be taken, targeting around 0.320, with a stop loss set above 0.415.

Wait and See

• If the price fails to effectively break through the short-term moving average pressure (MA7 and MA25), it is recommended to wait temporarily and observe for further clarity in direction.

Summary

DOGE is currently in a low-level rebound phase, and attention should be paid to whether the support at 0.300 can hold and whether the resistance at 0.370 can be broken. Short-term suggestions are for light positions, focusing on risk control to avoid chasing up and selling down. If the subsequent rebound strength increases and key resistance is broken, DOGE is expected to open up greater rebound space.