Brothers, today’s market is quite nerve-wracking! It surged in the morning and started to drop in the afternoon, making me feel like I'm on a roller coaster, with ups and downs. However, we must not panic; we need to stay calm and analyze thoroughly, as that is the key!

Now, let’s discuss the 4-hour chart for DOGE/USDT. The current price is $0.21156, up 3.93% in the last 24 hours, with a trading volume of 8,689,140. The trend is worth studying.

Support Levels

• Short-term support is around $0.205.

• Strong support has moved down to $0.195.

• From a technical perspective, the MACD’s DIF is -0.02226, and the DEA is -0.02025, with green bars narrowing, indicating a weakening of the bearish momentum.

• The RSI (14) value is 34.73023, which is close to the oversold area, but currently, there are no obvious signs of a rebound.

Resistance Levels

• The first resistance level to watch above is $0.21465, which is the high point for the last 24 hours.

• If it breaks through $0.21465, the next high point will be $0.38, but it won’t be easy to break through in the short term.

• EMA (10) is $0.23467, and EMA (5) is $0.22252; these two moving averages form dynamic resistance, which is quite significant.

Analysis and Opinion

The current trend is relatively weak; after the price fell from the high, the downward momentum hasn’t completely dissipated. Although there are signs of convergence in the MACD, the death cross still exists, making it challenging for the bulls to counterattack in the short term. The 4-hour candlestick chart shows alternating red and green candles, with volume increasing, indicating slight easing of bearish pressure. If the bulls can hold above $0.21465 and break through with volume, there is hope for a rebound; otherwise, it is highly likely to continue to drop to $0.205 - $0.195.

Predictions for the Coming Week

The overall trend is oscillating towards the bearish side, and it is expected to fluctuate within the range of $0.205 - $0.21465. If the volume is insufficient or market sentiment remains low, the price could drop to $0.195. Brothers, be sure to keep a close eye on the key levels and operate flexibly, as that is the way to profit!

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