Today's Technical Analysis and Forecast

  1. Short-term trend analysis (hourly chart)

    • MA moving average:

      • MA7 (short-term moving average) continues to suppress the K-line rebound, and the price runs below MA7, and is still under pressure in the short term;

      • MA30 (medium-term moving average) and MA100 (long-term moving average) are in a downward trend, forming a short arrangement structure, indicating that the market short-term forces are dominant.

    • Yesterday's price trend review：
      It continued to pull back from its highs yesterday, hitting a low of 0.32434 before rebounding, but the rebound was limited and failed to effectively break through the key pressure level of 0.345.

  1. Medium-term trend analysis (4-hour chart)

    • BOLL band analysis：
      The BOLL middle track (0.344) has become the main pressure level. The price has failed to break through after multiple tests, indicating that the short-term bullish force in the market is weak. The lower track support level of 0.326 is the key reference point.

    • MACD Indicator:
      The DIF line and DEA line are still operating below the zero axis, and the bearish momentum bar has slightly reduced, but no golden cross signal has formed, indicating that the current downtrend has not ended.

    • RSI Indicator:
      The RSI indicator is hovering around 30, indicating that the market is in the oversold area, but no strong rebound signal has yet appeared, and it may continue to oscillate downwards.

  2. Comprehensive Judgment:

    • The current overall trend is bearish, but there is a technical rebound demand in the short term.

    • Attention should be paid to the breakthrough of key resistance levels and the effectiveness of support levels; the market may exhibit range oscillation before continuing to decline.

Today's Operation Suggestions

Short-term Strategy: Prioritize short positions at high levels.

  1. Opening Position Level:

    • It is recommended to attempt to set up short positions in the range of 0.345-0.348 (near the MA30 and the middle track resistance level of BOLL).

  2. Take Profit Target:

    • First Take Profit Level: 0.332 (near yesterday's low).

    • Second Take Profit Level: 0.325 (support level of BOLL lower track).

  3. Stop Loss Level:

    • Set at 0.352 (key resistance level above; if broken, stop loss is required).

From a technical perspective, the current trend of DOGE is still bearish, with significant upward pressure in the short term, but a technical rebound is possible. Today, it is more inclined to prioritize shorting at high levels and to set up rebounds at low levels, with close attention to the price reactions at the two key positions of 0.345 and 0.325.

Core Data Support:

  • The current bearish strength still dominates, with MA moving averages and MACD indicators showing that the downtrend has not ended;

  • Yesterday's low and the BOLL lower track are key supports; the expected oscillation range is 0.325-0.345, and operations can be made in line with the trend after a breakout.

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