DOGE Trend Analysis and Operation Guide

I. Technical Analysis

Currently, the price of DOGE is 0.37571 USDT, showing a 3.83% drop in 24 hours, testing near the upper track of the Bollinger Band (BOLL), which may trigger a subsequent price decline. The upper track of the Bollinger Band is 0.40763, the middle track is 0.39297, and the lower track is 0.37932. Being close to the upper track increases the risk of a decline.

In the MACD indicator, the DIF line 0.00148 is higher than the DEA line 0.00072, but the bar chart is negative, which means that although there is a possibility of a short-term rebound, the downward pressure still exists. The RSI indicator is 30.7809, 39.93695 and 47.09375 in the 6-hour, 12-hour and 24-hour cycles, respectively, which is in an oversold state as a whole, indicating that the market has an inherent demand for a rebound. The KDJ indicator's K line 20.83940, D line 30.76660 and J line 0.98499 also show that the market is oversold, and the probability of a short-term rebound has increased. In addition, the trading volume is 177,007,809, which is lower than the 5-day average volume of 158,309,562 and the 10-day average volume of 325,351,385, reflecting the cautiousness of market sentiment.

2. Comprehensive prediction of trends

In the short term, DOGE faces downward pressure, but the oversold conditions of RSI and KDJ indicate that there may be a short-term technical rebound. In the medium term, if it cannot break through the upper track of the Bollinger Band, it will continue to fluctuate in the current range.

3. Operation strategy reference

Looking at the bullish side, when the price breaks through the upper track of the Bollinger Band, you can try to go long in the short term, but be highly alert to the risks of failure to break through or encountering resistance and fall back, and set the stop loss in advance. On the bearish side, if the price fluctuates between the middle and lower tracks of the Bollinger Bands, the downward trend may continue. At this time, you can choose to short on rallies, but you need to pay attention to the support strength below to avoid losses due to oversold rebounds. #超级MEME周期？ #marvin尾数地址7055