Looking at this DOGE/USDT chart, here is the technical analysis:

1. Fibonacci Retracement:

The current price is near the 0.786 (0.3919) level, which is an important support.

The nearest resistance is the 0.618 (0.4114) and 0.5 (0.4252) levels. If the price manages to break through this resistance, it is likely to continue rising to 0.4838.

2. Price Trend:

The previous uptrend indicated by the green line has been broken, indicating a potential reversal to the downside.

The current price tends to be in a consolidation or correction phase to a stronger support area.

3. Support and Resistance:

Strong support is seen at the 0.3729 and 0.3668 levels. If the price breaks through these levels, a potential deeper decline may occur.

Key resistances are at 0.4114 and 0.4252, where a bullish reversal would be more convincing if the price breaks through these levels.

4. Moving Averages (MA):

The price is below the yellow and white MA lines, indicating that selling pressure is still dominating in the short term.

If the price manages to return above the MA, this could be an early signal of potential bullishness.

5. Volume and Momentum:

The current price decline (-1.21%) indicates selling pressure, but there has been no large volume to confirm a stronger movement down or up.

Strategy Suggestions:

Buy Entry: If the price holds at the support of 0.3919 or bounces off the level of 0.3729, with a resistance target of 0.4114–0.4252.

Sell Entry: If the price fails to hold at 0.3729, it is likely to fall to the next support at 0.3668 or lower.

Always use stop-loss to manage risk, especially below 0.3668 to avoid sharp declines.

Also pay attention to fundamental factors that can affect DOGE's movement, such as crypto-related news or broader market movements.