Doge has formed a death cross on the daily chart, with a slight decline in the market. The MACD is still above the zero line, and currently, the daily chart is strong. The RSI indicator, although the fast line is below, has an RSI value of 49.3, which is neutral, indicating that there is still room for further decline.
On the 4-hour chart, on December 2nd at 8 AM, the market was making further advances but did not break the prior high of 0.48, and the market then declined. At 8 PM on December 3rd, the lowest point was reached, which did not create a new low, proving that the upward trend has not been completely broken. It depends on whether the upcoming two days can break through 0.465; if it breaks, the market will continue to maintain an upward trend, otherwise, a significant correction is very likely. The main support level below is 0.388; if it falls below this, the market will further correct.
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