$DOGE | #USCoreCPIHitsFourYearLow

DOGE/USDT — 1H Chart Technical Breakdown
Market Overview
DOGE is currently trading around 0.10768 USDT, up roughly 6.6% on the day. The last 24 hours saw price move between 0.10076 and 0.11758. Perpetual contracts are closely aligned at 0.10760. This analysis focuses on the 1-hour timeframe using Bollinger Bands (20,2) and Parabolic SAR.
Bollinger Bands Insight
Middle Band (20 SMA): 0.11237
Upper Band: 0.11787
Lower Band: 0.10687
Price is sitting just above the lower band and clearly below the middle band. That places DOGE in the lower half of the range, which leans bearish in the short term. The lower band is acting as immediate support, while the middle band is the first major resistance.
Volatility is elevated, shown by the wide bands. The recent high nearly touched the upper band, confirming resistance in that zone. Meanwhile, price briefly dipped below the lower band earlier, signaling an overshoot before bouncing back.
What this suggests:
A hold above the lower band could allow a push toward the middle band.
A clean move above the middle band would hint at a short-term reversal.
Losing the lower band again would likely open the door for more downside.
Parabolic SAR
Current SAR sits around 0.11342, which is above price.
This confirms that the 1H trend is still bearish. As long as DOGE trades below this level, downside pressure remains. A break and close above SAR would be an early signal that momentum may be shifting.
Important Levels
Resistance zones:
0.11237 (middle Bollinger Band)
0.11342 (Parabolic SAR)
0.11422 (recent local high area)
0.11758 (24h high / upper band)
Support zones:
0.10687 (lower Bollinger Band)
0.10559 (recent minor support)
0.10076 (24h low)
0.09696 – 0.09631 (older demand area)
Right now, price is trapped between 0.10687 support and 0.11342 resistance. A break on either side should define the next move.
Volume
About 368M DOGE traded over the last 24 hours, with roughly 40.8M USDT in turnover. Volume looks decent, but without live volume bars, confirmation matters:
Rising volume on a bounce would support a reversal.
Heavy volume on a breakdown would validate bearish continuation.
Candlestick Context (Estimated)
While exact candle shapes aren’t shown, price reacting near the lower band is key:
A hammer or bullish engulfing here would favor a bounce.
Small, tight candles could mean consolidation before a bigger move.
Given today’s +6% recovery, DOGE likely bounced from the 24h low and is now trying to build support near the lower band.
Final Outlook
Short-term bias: Still bearish (below SAR and mid Bollinger).
Upside scenario:
Break above 0.11342 → next targets 0.11237 then 0.11758.
Downside scenario:
Lose 0.10687 → eyes on 0.10076, possibly lower.
Trading approach:
Aggressive traders may attempt longs near the lower band with stops under 0.10600, aiming for the middle band.
Safer entries come after a confirmed close above SAR / mid band for longs — or below the lower band for shorts.