$DOGE This wave of correction for Dogecoin has shown relatively strong performance. A simple analysis:
Candlestick Pattern:
Recent candlestick patterns show the price fluctuating between 0.140 and 0.137, overall presenting a downward trend. Significant selling pressure appeared near the previous high of 0.14854, and the current price is close to the previous low support area.
Technical Indicators:
MACD: Both DIF and DEA averages are trending downwards, and the MACD histogram is negative, indicating strong bearish momentum in the short term.
RSI: The RSI14 value is around 45, not entering the overbought or oversold zones, but in a neutral and slightly weak state.
EMA: The EMA7 and EMA30 moving averages are both crossing downwards, and the price is below them, indicating a bearish short-term trend.
Recent trading volume has increased, especially during the sharp decline on October 22, showing heightened market sentiment volatility. The current trading volume is relatively stable, which may suggest the market is waiting for new directional guidance.
Buy/Sell Points:
Long: 0.135 — 0.133 (close to the previous low support area, round numbers may form buying pressure)
Long Stop Loss Point: 0.131 USDT (breaking below this level indicates support failure, avoid risk)
Short: 0.140 — 0.142 (close to the recent upper range of fluctuations, potential selling pressure)
Short Stop Loss Point: 0.144 USDT (breaking above this level indicates a trend reversal, avoid further losses)
