$DOGE

False breakout fails, short-term still looking at range fluctuations

Dogecoin has slightly decreased by 0.84% in the last 24 hours, with the exchange rate testing the support level of 0.1635; if it fails to hold, it may retest 0.16. After breaking through 0.1677 earlier, the daily line quickly retraced, and today's closing price has a long upper shadow and is far from that level; the downward trend is likely to extend towards 0.1550–0.16. In the medium term, since the rebound from 0.1411, momentum still appears insufficient, and the price is more likely to consolidate in the range of 0.16–0.18 USD, patiently waiting for a volume signal.