Technical analysis and today's forecast
1. Candlestick and moving average system analysis
4-hour candlestick chart: DOGE has shown a significant upward trend recently, breaking through multiple moving average resistances. The 7-day moving average (MA7) is strongly rising, currently forming short-term support at 0.38868. Overall, the short-term trend remains bullish, but the upward momentum has weakened after approaching the previous high of 0.39864.
1-hour candlestick chart: Clear signs of high-level consolidation, with bullish momentum weakening. Meanwhile, the distance between MA7 and MA30 is narrowing, indicating a potential short-term pullback risk.
2. Review of yesterday's trend
Yesterday, DOGE started to rise from around 0.365, reaching a high of 0.39864, consistent with the characteristics of oscillating upward after a breakout, but failed to effectively break through the psychological barrier of 0.400. This position has heavy pressure, and today the short-term may focus on high-level pullback corrections, with caution advised against the risk of false breakouts falling back to the support area.