Current price overview:
Current price: ≈ 0.1716 USDT
Leverage multiplier: 75 times
DOGE has experienced a sharp waterfall decline in the past 24 hours, with the daily, 4-hour, and 1-hour technical patterns forming a three-period bearish resonance. The rebound is weak, and the downtrend is not yet over; if there is a subsequent volume drop below key support, it will trigger further cascading declines.
Daily structure analysis: Bollinger Bands (BOLL): The middle band is severely pressing down, and the K-line is sliding along the lower band.
Trading volume: After a significant drop in volume, there is a brief period of reduced volatility; the rebound signal is weak.
Conclusion: The daily line is in an accelerated decline phase, with no signs of stopping; the main trend remains downward.
Four-hour structure analysis: BOLL pattern: The lower band of the Bollinger Bands is continuously probing lower, with no signs of contraction.
MACD structure: The momentum bars continue to empty, and there is no golden cross signal between the fast and slow lines, still in a bearish momentum release phase.
Conclusion: The medium-term structure is undoubtedly bearish, with limited rebound height, more likely to be a continuation platform for the downtrend.
One-hour structure analysis: Bollinger Bands: After a significant opening of the Bollinger Bands, the K-line is running close to the lower band; although it has slightly stabilized, there is no strong rebound.
TD sequence: Just formed a '9' sequence, there is a slight expectation for a short-term rebound, but it cannot be seen as a trend reversal.
Trading volume: After consecutive large-volume declines, there is currently reduced volatility; volume support for rebounds is limited.
