On the chart, $DOGE appears to have undergone a sharp correction after reaching a local high at 0.48046. Currently, the price is moving lower, indicating a short-term bearish trend. Here are some points to note:
1. Moving Averages (MA):
The price has broken below the MA(7), which confirms selling pressure.
If the price stays above the MA(25) and MA(99), there could be support below.
2. Volume:
An increase in volume has accompanied the bullish move, but it is worth observing whether the volume remains high on the downside. If the volume decreases, it could indicate that sellers are running out of steam.
3. Support Level:
The 0.438 level seems to be a key point to watch. If it is broken, the price could move lower.
In summary, the current trend is bearish on this time scale (1h), but it will be necessary to monitor the major support levels and the reactions of buyers.