Family, today let's talk about the Dogecoin market on the evening of July 26, 2025. Right now, Dogecoin is completely under the control of bears in the short term, and the situation is not very optimistic.
First, let's look at the MACD indicator; the histogram has been negative and is continuously extending. This indicates that the strength of the bears is increasing, making it basically unlikely to reverse in the short term, and the price is likely to continue to go down.
Next, let's examine the RSI indicator, which is currently in the neutral range of 48 - 50, and has not yet entered the oversold zone. This means there is still room for a decline. If the bears apply more pressure, the price might continue to drop.
Looking at the Bollinger Bands indicator, the daily price has already fallen below the middle band, which is around $0.25. If the price continues to be suppressed near the lower band, which is currently $0.23, it could trigger an accelerated decline, and it could drop even faster at that point.
Additionally, the 50-day EMA and 100-day EMA are about to form a dead cross, which is not a good signal. Once the dead cross forms, the short-term rebound space will be tightly constrained, making it very difficult to rise.
Moreover, on the weekly level, the price is too far from the upper band. According to market rules, it must return to the mean, which means it is highly likely to adjust downward.
Considering all these indicators, Yang proposes to go short around 0.23810, aiming first for 0.23020. If the bear strength remains strong, it could even reach 0.22000. However, family, the risks in the cryptocurrency market are quite significant, so please proceed with caution and make sure to manage your risks well! #DOGE