$DOGE Currently, the price is around 0.06988. Judging by recent price action, after a clear round of adjustment, market bearish momentum is being gradually released, and there are signs that the short-term selloff is stabilizing. Considering the one-hour, four-hour, and daily timeframes together, DOGE is currently near a key support zone, and indicators across multiple timeframes are starting to repair. Short-term rebound demand is strengthening.
Hourly chart analysis
From an hourly timeframe perspective, after DOGE underwent consecutive pullbacks, the price formed a consolidation structure in a low zone. Downward momentum has clearly weakened compared to the earlier period.
At present, the candlesticks are gradually holding above the short-term support area, and the moving averages are starting to show signs of turning. The MACD bearish histogram continues to shorten, indicating that short-term selling pressure is decreasing. Meanwhile, trading volume has recovered compared to the decline phase, and funds are beginning to attempt entry.