DOGE Evening Bearish (Uncle Feng's Opinion Reference): Streamlined Analysis and Practical Strategies

In the short-term adjustment of the crypto market, rationally identifying pressure and controlling risks is key. Based on Uncle Feng's bearish logic, the core dimensions are broken down as follows:

1. Technical Aspect: Clear Bearish Signals, Focus on Resistance

• The four-hour chart has broken below the critical support of $0.220, with the Bollinger Bands middle line diverging downward; the hourly chart shows a 'Bearish Engulfing' pattern, and the MACD has a death cross with green bars increasing, indicating sufficient short-term bearish momentum.

• Key to watch is the $0.216-$0.220 resistance zone: if the rebound meets resistance, it signals a high short opportunity, and a drop below $0.205 will accelerate the decline.

2. Fundamental Aspect: Multiple Pressures Support Bearish Outlook

1. Panic in the Funding: A certain large address transferred 900 million DOGE to exchanges, leading to a 12% increase in DOGE stocks on exchanges within three days, triggering short-term selling sentiment.

2. Weak Support Attributes: DOGE, as a meme coin, lacks institutional allocation logic; the current spot ETF enthusiasm is concentrated on mainstream coins, providing limited boost to DOGE; macro interest rate cut expectations more favor core assets, with weak pull on DOGE.

Uncle Feng sees a short near $0.22600, targeting around $0.22000.

However, the cryptocurrency market is ever-changing, so it is essential to manage risk carefully and set reasonable stop-losses. #DOGE