6.24 Is DOGE brewing a counterattack?
1. Review of yesterday's market (June 23)
DOGE's overall performance yesterday was first suppressed and then rallied, with a low intraday rebound to 0.14258, followed by a volatile rebound, which significantly broke through the short-term moving average resistance in the evening, peaking around 0.162, with a daily increase of over 12%. Short-term bearish pressure has almost been released, and the bottom volume signal is evident, showing characteristics of a phase stabilization.
2. Detailed technical analysis
Four-hour analysis: The 4-hour chart presents a standard “V-shaped reversal” pattern;
Trading volume has significantly increased, and the K-line has broken away from the lower Bollinger Band pressure;
Currently running between the middle and upper Bollinger Bands, the short-term trend is clear;
One-hour analysis: The current price of 0.162 is in the testing phase of a local top resistance zone;
The Bollinger Band is opening upwards, with short-term MA5/10 support located at 0.158-0.159;
If the price retraces without breaking this area, it will form a small-level “flag consolidation”;
3. Price prediction and strategy suggestions
Current price reference point: 0.162
First take profit level: 0.1650
Second take profit level: 0.1670
Stop-loss level: 0.1580
