Evening of December 7

From the 1-hour candlestick period and technical indicators, DOGE is currently showing a weak consolidation pattern after a sharp drop in the short term. The upper band of the Bollinger Bands is turning downward, and the price has broken through from the upper band directly to below the middle and lower bands, with the bands widening, indicating that a short-term downward breakout trend has been established. Recently, after surging to 0.1408, DOGE experienced a heavy-volume sharp decline, with consecutive large bearish candles breaking through both the middle and lower Bollinger Bands, reaching a low of 0.13834, followed by a slight rebound to 0.1388. This forms a “surge then plunge + small bullish candle at a low level” pattern dominated by the bears, showing extremely strong downward momentum.

The KDJ indicator’s J line is almost touching the 0 axis, while the K and D lines are moving downward together and are below the 50 weak region, forming a deep death cross. This reflects a short-term oversold condition but with the bearish trend yet to be reversed and no valid rebound signal; the MACD histogram has turned green and is extending, indicating that bullish momentum has completely faded and bears are now in control.

In the short term (1-4 hours), DOGE is likely to continue weak, low-level consolidation: if it breaks below the recent low of 0.13834, it will further open up downside potential; if it can hold above the lower Bollinger Band support at 0.13874, a minor rebound may occur, but the rebound will be capped by the middle band at 0.13968, making it difficult to reverse the downtrend in the short term. It is recommended to consider light positions if DOGE rebounds to the 0.1408–0.142 area, with a target in the 0.1371–0.1352 area.

The above is just a personal suggestion for reference only. For specifics, please refer to Haoyu Shipan’s strategy! $DOGE #doge ‌