$DOGE #USCoreCPIHitsFour-YearLow

DOGE/USDT 1-hour chart, here is a comprehensive technical analysis using indicators and price levels.

1. Current Market Snapshot

· Price: 0.10768 USDT (+6.58% daily)
· 24h Range: 0.10076 – 0.11758
· Perpetual Contract: 0.10760 (+6.67%)
· Timeframe: 1-hour (selected)
· Indicators: Bollinger Bands (20,2) and Parabolic SAR (0.02, 0.02, 0.2)

2. Bollinger Bands Analysis

· Middle Band (20-period SMA): 0.11237
· Upper Band: 0.11787
· Lower Band: 0.10687

Observation:
Price is currently trading at 0.10768, which is below the middle band and just above the lower band (0.10687). This indicates a bearish bias in the short term, as price is in the lower half of the bands. The lower band is acting as immediate support, while the middle band (0.11237) is the first resistance.

Band Width:
The bands are relatively wide, reflecting heightened volatility. The recent 24h high (0.11758) aligns closely with the upper band, confirming strong resistance at that level. The 24h low (0.10076) is below the lower band, suggesting that price briefly overshot to the downside before bouncing.

Potential Signals:

· A bounce off the lower band could lead to a move toward the middle band. If price breaks above the middle band, it may signal a short-term reversal.
· Conversely, if price closes below the lower band, it could indicate further downside momentum.

3. Parabolic SAR (SAR) Analysis

· SAR Value: 0.11342

Observation:
The SAR is above the current price, which is a bearish signal. In an uptrend, SAR dots appear below price; here they are above, confirming that the trend on the 1-hour timeframe is currently downward.

Implication:
As long as price remains below the SAR (0.11342), the downtrend is considered intact. A break above the SAR would be the first sign of a potential trend reversal.

4. Key Support and Resistance Levels

From the chart data, the following levels are evident:

· Resistance:
· 0.11237 (Middle Bollinger Band)
· 0.11342 (Parabolic SAR)
· 0.11422 (Recent swing high? Listed in the price cluster)
· 0.11758 (24h high / Upper Bollinger Band)
· Support:
· 0.10687 (Lower Bollinger Band)
· 0.10559 (Listed level, possibly a recent low)
· 0.10076 (24h low)
· 0.09696 and 0.09631 (Older support zones)

Price is currently sandwiched between the lower band (0.10687) and the SAR (0.11342). A breakout in either direction will determine the next move.

5. Volume Analysis

· 24h Volume (DOGE): 367.94M
· 24h Turnover (USDT): 40.80M

Volume appears healthy, but no real-time volume bars are visible. Typically, a bounce off support with increasing volume would strengthen a reversal signal. Conversely, a breakdown on high volume would confirm bearish continuation.

6. Potential Candlestick Patterns (Inferred)

Since the exact candlestick formation is not shown, we can hypothesize based on price action near the lower band:

· If the current or recent candle is a hammer or bullish engulfing pattern near the lower band, it would suggest buying pressure and a possible reversal.
· If candles are consistently small-bodied near the lower band, it might indicate consolidation before a breakout.

Given the 6.58% daily gain, it’s likely that price bounced from the 24h low and is now testing the lower band as support. Traders should watch for a close above the middle band to confirm strength.

7. Conclusion and Trading Outlook

· Short-term bias: Bearish as price is below SAR and middle Bollinger Band.
· Key levels to watch:
· Upside breakout: Above 0.11342 (SAR) → target 0.11237 (middle band) then 0.11758.
· Downside breakdown: Below 0.10687 (lower band) → target 0.10076 and possibly lower.
· Strategy:
· Aggressive traders might look for a bounce off the lower band with a stop below 0.10600, targeting a move to the middle band.
· Conservative traders should wait for a clear break above the SAR or a close above the middle band to enter long, or a breakdown below the lower band to short.