DOGE Pullback Intensifies, Can the Support Hold?

Market Analysis:

DOGE is currently priced at $0.3531, with a 24-hour decline of 2.94%. The trading volume has significantly increased, and short-term bearish forces dominate. In the 4-hour chart, the price has fallen below the MA(25) moving average and is approaching the MA(99) moving average support level. The MACD indicator shows a continuation of the bearish trend.

Key Levels:

• Support Levels: $0.3470, $0.3390

• Resistance Levels: $0.3700, $0.3800

Trading Suggestions:

1. If the DOGE price holds above the $0.3470 support, consider initiating a small long position, targeting $0.3700, with a stop loss set below $0.3400;

2. If it breaks below $0.3470, it is suggested to follow the trend with a short position, targeting $0.3390, with a stop loss set above $0.3550.

Risk Warning:

The current market is highly volatile, requiring close attention to changes in trading volume and the performance of key support levels. Strict stop-loss measures are necessary to control risk.