Has DOGE really peaked? The short-selling offensive is getting more and more fierce, and 0.4 has become a key defensive line!
From the 4-hour chart, DOGE's market has entered an obvious downward channel. Since the high of 0.48, the price has gradually fallen back, and failed to rebound near 0.4, and then continued to fall, and the short-selling pattern has become clearer.
The short-term MA moving average is always below the price, showing a strong short-selling dominance. The continuous negative lines indicate that the bulls have completely lost the power to counterattack, and the market sentiment has turned negative.
Can DOGE rebound strongly, or will it continue to be crushed by the shorts?
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