Time Range: 2025-11-06 08:00:00 ~ 2025-11-12 08:00:00
Data Nature: Real-time Candlesticks
## Candlestick Pattern Deep Analysis
1. Strong bullish engulfing pattern around 0.15689 (11-07) - Complete trend reversal signal - Strong bullish signal
2. Bullish momentum continuation with three consecutive green candles (11-07 evening) - Trend confirmation - Medium bullish signal
3. Bearish engulfing pattern near 0.18630 (11-10 morning) - Rejection at resistance level - Strong bearish signal
4. Doji formation after the bearish engulfing (11-10 afternoon) - Market indecision after rejection - Neutral signal
5. Series of red candles with increasing length (11-11 to present) - Accelerating downward momentum - Strong bearish signal
6. Latest candle shows potential support testing at 0.17133 - Possible exhaustion of selling pressure - Weak bullish signal
## Technical Indicator Analysis
1. EMA Analysis:
- Price currently below EMA20 (0.17623) and EMA5 (0.17387) - Bearish signal
- Price trading above EMA10 (0.17575) - Still showing some short-term strength
- EMA99 (0.18053) acting as strong resistance - Bearish signal
2. Volume Analysis:
- Spike in volume during the initial bullish move (11-07)
- Recent selling pressure accompanied by moderate volume - Confirms bearish sentiment
- Current volume declining - Suggests potential exhaustion of selling
## Support and Resistance Levels
Resistance Levels:
- Strong resistance: 0.1860 (recent rejection point)
- Medium resistance: 0.1800 (psychological level and EMA99)
- Minor resistance: 0.1760 (EMA20)
Support Levels:
- Immediate support: 0.1700 (psychological level)
- Medium support: 0.1680 (previous consolidation area)
- Strong support: 0.1570 (major bounce point from 11-07)
## Comprehensive Technical Evaluation
The DOGE-USDT pair showed a strong bullish reversal from 0.15689, gaining approximately 18% to reach 0.18630. However, this resistance triggered a significant rejection, leading to the current downtrend. The price is now trading below all key EMAs except EMA10, indicating bearish control in the short term.
The recent series of red candles with increasing length suggests accelerating selling pressure. While the overall trend has shifted from bullish to bearish, the price remains in a critical zone where a break below 0.1680 could accelerate the decline toward 0.1570.
## Conclusion
DOGE-USDT is currently in a short-term bearish trend after rejection at 0.18630. Traders should watch for potential support at 0.1700 and 0.1680 levels. For those considering entries, waiting for confirmation of support at current levels with increased buying volume would be prudent. Risk management is essential given the current volatility, with stop losses placed below 0.1680 for long positions.
Remember that cryptocurrency markets remain highly volatile, and this analysis represents only the current technical situation which can change rapidly. Always conduct your own research before making trading decisions on Binance.
