Brothers, let's talk about the afternoon DOGE market situation, currently hovering around 0.19050, clearly in a phase of oscillation and adjustment. From various signals, the bearish strength is indeed prevailing at this moment.
First, looking at the technical aspect, there is a key signal on the 4-hour chart: MA30 has crossed below MA60, forming a death cross, which is not a good sign. The short-term moving average has formed a resistance zone around 0.1910, and the price has been pressed down by MA5, unable to move upwards. Looking at the Bollinger Bands, the price has directly dropped below the middle band, and the bandwidth of the Bollinger Bands is still expanding, indicating that the downward momentum is strengthening, and the pressure on the upper band has also shifted down to around 0.1920, making upward breakthroughs increasingly difficult.
The MACD indicator is also weak; it hasn’t improved since the death cross below the zero line, and although the green momentum bars have slightly decreased, it still remains in a bear-dominated range. The RSI indicator is fluctuating weakly around 42, clearly showing that buying power is severely insufficient, and no one is willing to step in and take the position.
On the news front, there are also no good updates; Musk's X platform has been slow to release new positive news for Dogecoin, and the previous expectations have cooled significantly, with speculative funds fleeing rapidly. Additionally, the performance of tech stocks in the U.S. earnings season has been disappointing, dragging down all risk assets, and the appeal of meme coins is far less than before, with obvious signs of capital outflow.
In terms of operations, it is recommended to step in around 0.19050 - 0.19200, with a target of 0.18700 - 0.18380. Most importantly, be sure to set stop losses and flexibly adjust strategies according to market changes, so as not to let risks exceed your control. $BTC