Dog leash pulled tight, bears barking wildly!

DOGE's four-hour chart reveals a 'Death Triangle', defending battle at $0.16 begins!


News Front: Three major bearish pressures, not even Musk can save it?

  1. Celebrity Effect Recedes: Musk's public mentions of DOGE will decrease by 70% in 2025, community activity and trading volume shrink by 40%, without the 'King of Promotion', the dog can't run.

  2. Political Goodwill Falls Flat: The 'D.O.G.E. (Department of Government Efficiency)' plan being discussed by Trump and Musk has changed, Musk's exit in early June caused a price flash crash, key support level of $0.195 broken.

  3. Severe capital diversion: New meme coins (like PEPE) siphoning speculative funds, XRP capturing market share in India due to legal advantages, DOGE facing double strangulation.

Technical Analysis: Death cross with shrinking volume, downtrend channel locked.

  • Bollinger Bands 'Suffocation': Channel narrows to 0.232 (upper band) → 0.160 (lower band), a trend reversal is imminent, but the current price is tightly stuck at the lower band, risk of breaking out escalates.

  • MACD Death Trio:

    • DIF (-0.00284) death cross DEA (-0.00013), both lines diving deep below the zero axis;

    • Green bars (-0.00542) continue to amplify, bears firmly in control.

  • Moving Average Strangulation: MA10 crosses below MA30 forming a 'death cross', 4-hour K-line big bearish bar breaks through 0.181 support, shrinking volume suggests a continued decline.

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