Based on the provided DOGE 1-hour and 4-hour candlestick charts, combined with the trajectory of short-term and long-term moving averages:

  1. Current price analysis
    The current price is around 0.33985 USDT, the short-term moving averages (MA7, MA30) are showing slight signs of convergence, while the long-term moving average (MA100) is still in a downward trend, indicating that a rebound correction may occur in the short term.

  2. Trend Judgment

    • Hourly chart: After a prolonged decline, the price is gradually bottoming and rebounding. There is strong resistance around 0.3500, but if bullish volume continues to expand, it is expected to break through this area.

    • 4-hour chart: The price has rebounded and is oscillating near the MA30 moving average, attention is needed on the outcome of the bullish and bearish struggle. It is still at the end of a downward trend, and market sentiment has slightly eased.

  3. Indicator Support

    • MACD: The fast line is gradually approaching the zero axis, showing bullish strength signals, but confirmation with volume is still needed.

    • RSI: The Relative Strength Index is recovering from the oversold zone, currently operating around 50, indicating a balance between bulls and bears.

Today's operation suggestion: bullish

  1. Position opening:
    0.33600 - 0.33800 range (short-term entry, wait for a pullback to buy at support)

  2. First take profit level:
    0.34500 (short-term target, light position take profit)

  3. Second take profit level:
    0.35500 (trend rebound target, bullish breakout)

  4. Stop loss level:
    0.33000 (if it effectively breaks below this support, a stop loss is required)

According to technical analysis, DOGE is currently in a bottoming rebound phase. If it can effectively break through 0.34500 in the short term, it may continue to challenge 0.35500. The overall strategy is to buy on dips, but it is crucial to closely monitor changes in trading volume and market sentiment. If the volume is insufficient, short-term high selling and low buying would be more reasonable.
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