Looking at the four-hour K-line chart of DOGE, my intuition tells me that this is not just a simple sideways movement; there must be significant actions coming up. Below, I will share my analysis to explain the situation behind this.
The current price of DOGE is 0.15015, closely approaching the upper Bollinger Band of 0.15719, with the middle band at 0.14368 serving as a short-term support level. This price pattern close to the upper band shows that the bulls have temporarily gained an upper hand, but there is also considerable pressure above.
EMA7 has crossed above EMA30, and MA7 has also stood above MA30, forming a golden cross. However, the slope of this golden cross is too gentle, indicating that the upward momentum is not strong enough.
DIF is above DEA, and the MACD histogram has turned red, but the values are too small. If a bearish candle appears, a dead cross could easily happen.
The current trading volume is 198 million, which is far less than the estimated trading volume of 467 million. This indicates that this price increase is likely just a facade, and big funds have not entered the market.
I think DOGE is likely to fluctuate in the range of 0.148 - 0.152. If it can break through 0.152 with volume, it could quickly reach 0.157; if it drops below 0.148, it might directly fall to 0.143.
DOGE's position is particularly awkward right now, with selling pressure above and support below, so we need to wait for external news to break this balance. For example, if Musk suddenly says something, or if Bitcoin confirms a trend direction.
What I worry most is that both the DIF and DEA of the MACD are close to the zero axis, and if they turn there, the downward momentum could be strong.
Scenario operation stop-loss logic: Buy a small amount when breaking through 0.152 to go long, after the Bollinger Band upper track is broken, the price often rushes up; if it drops below 0.148, immediately short. If the support level at 0.152 is broken, it will trigger many stop-loss sell orders. Don't act in the fluctuation zone yet; observe - when the volume is not enough, the market can easily reverse, making operations prone to errors.
Advice for those buying spot: don't buy above 0.150 anymore, as the cost-effectiveness is too low at this point. If it drops below 0.143, the next support level is at 0.130, and consider bottom-fishing then.
DOGE seems quiet right now, but who knows when there will be a big market movement. My analysis system shows that the volatility could rise significantly in the next 24 hours, but whether it goes up or down depends on Bitcoin's movements.
If you want to know how I set real-time warning points, just enter my chat room, don't wait until the market has moved completely, then regret not laying out early!
