DOGE (Dogecoin) has shown bearish signals in the short term, and caution is needed for pullback risks.
From the daily chart perspective, the rebound momentum of DOGE has significantly weakened, with prices continuously forming upper shadows as they approach recent highs, while trading volume is also declining, indicating that bullish power is gradually fading and price increases are under pressure.
From the 4-hour chart analysis, the price has broken below the short-term upward trend line, and the MACD indicator has formed a death cross with a further downward trend, with bearish forces gradually taking dominance. Considering the pressure at the upper edge of the previous consolidation range, the probability of a pullback in the short term is relatively high. It is advised to avoid chasing highs and to consider establishing short positions during rebounds, while paying attention to the effectiveness of previous support levels below. $DOGE #DOGE冲冲冲