From the K-line chart, the current price of DOGE is around $0.35088. In the short term, it shows a downward trend, with the price being suppressed by the MA7 and MA30 moving averages, indicating a relatively weak overall trend, but the gradually increasing trading volume below indicates some potential for a rebound.

Technical analysis:

  1. Moving average system (MA):

    • MA7 and MA30 have formed a death cross, indicating a strong bearish trend in the short term.

    • MA100 serves as a long-term support level, and the current price has not yet broken this key support, suggesting a potential technical rebound in the short term.

  2. MACD indicator:

    • The MACD dual lines are running downwards and are below the 0 axis, indicating that bearish momentum remains strong, and short-term rebounds need to observe changes in the momentum bars.

  3. RSI indicator:

    • The RSI value is around 35, close to the oversold area, indicating that bearish strength is gradually weakening and there is a demand for rebound repair.

  4. Bollinger Bands (BOLL):

    • The current price is close to the lower Bollinger Band, and may test the middle band (around $0.362) in the short term.

  5. Trading volume:

    • The trading volume is gradually increasing, indicating a slowdown in the downward momentum in the short term, with signs of bullish funds tentatively entering.

  6. Yesterday's trend review:

    • Yesterday, the price rose before pulling back, failing to effectively break through the $0.365 resistance level, indicating significant selling pressure above.

    • If there is no significant volume breakthrough today, it may continue to maintain a consolidating trend.

Operational advice:

  • Opening position: $0.348-$0.351, close to the lower Bollinger Band and yesterday's low, to buy on dips.

  • First target level: $0.358, close to the MA7 suppression area, the first rebound resistance level.

  • Second target level: $0.365, an important target for bullish breakout in the short term.

  • Stop-loss level: $0.342, if this level is broken, stop loss and exit to avoid further correction risk.

  • Short-term bullish: It is recommended to build positions in batches with light holdings, paying attention to trading volume and breakout strength. If it stabilizes above $0.358, increase positions near $0.365 for profit taking.

  • Defense strategy: If it breaks below $0.342, strict stop loss is required, waiting for further stabilization signals.

  • Breakthrough observation: After breaking above $0.365, the target can be seen at $0.375.