10.16 Dogecoin Analysis:
【DOGE Hourly Market Analysis: Stabilizing after a decline, focus on key support and rebound momentum!】
MACD shows a bearish arrangement, but it has dropped to a recent low around 0.19500, where there is some support strength. MA10 is at 0.19712, and the current price is fluctuating around this level, which is a short-term reference point.
In terms of trading volume, although the overall volume has shrunk, there was no significant drop in volume during the decline; panic selling is not much, more of a technical adjustment.
Operational Strategy:
The support zone below DOGE at 0.194-0.195 is strong, and if it stabilizes at this position and shows signs of a volume rebound, one can consider light positions to go long, initially targeting 0.200, and after breaking through, looking at around 0.205.
Set the defensive position below 0.194; if it breaks, adjust in time!
