Analysis $DOGE

DOGE/USDT:

Technical indicators:

1. Price is sharply declining (-7.90% to -8.38%)

2. RSI(6) at a low of 27.68, indicating it is oversold

3. MACD negative (-0.00588) and in a downtrend

4. 24h trading volume is large (13.68B DOGE)

5. All MA lines are trending down

Short-term forecast (next 24-48h):

1. Main scenario:

- A technical rebound may occur towards the range of 0.40-0.41 due to being oversold

- After that, continue to decline towards the support level of 0.38

2. Cautious scenario:

- If the support level of 0.38 cannot be maintained

- It may drop deeply towards the range of 0.35-0.36

Factors to monitor:

1. Volatility of Bitcoin (BTC) as it has a significant impact

2. Trading volume

3. News about Elon Musk/Twitter as it often affects DOGE

Recommendations:

1. Do not attempt to catch the bottom at this time

2. Wait for a clear reversal signal

3. If you want to participate:

- Split orders

- Set tight stoploss

- Manage risk carefully

Note: This is just a technical analysis for reference, not an investment recommendation. The crypto market is very volatile and risky.