📉DOGE Bearish: Selling pressure dominates, rebound faces resistance
Nov 9, 19:20 (Beijing time), DOGEUSDT was at 0.06936, down 2.42% in 24 hours, with a trading volume of $407 million; net aggressive selling over the past 4 hours totaled $6.64 million, with sellers in control. Market (https://finderside.com/symbols/DOGEUSDT/)
OI was about $167 million, down 4.9% over 24 hours; the funding rate was +0.0032%. The simultaneous decline in price and open interest points to deleveraging pressure. Positions (https://seandra.ai/perp/doge) The 1-hour RSI was 39.3, while both MACD lines and the histogram were negative, indicating weak momentum. Indicators (https://closedcandle.com/coin/doge/indicators)
Over the next 4–24 hours, the price is likely to test support at 0.0671; a break below could lead to 0.0660. Resistance is at 0.0700. If the price holds above this level on rising volume, the short-term bearish outlook is invalidated, with 0.0716 as the next target.
#DOGE #DOGEUSDT #狗狗币 #Perpetual Futures Market
Nov 9, 19:20 (Beijing time), DOGEUSDT was at 0.06936, down 2.42% in 24 hours, with a trading volume of $407 million; net aggressive selling over the past 4 hours totaled $6.64 million, with sellers in control. Market (https://finderside.com/symbols/DOGEUSDT/)
OI was about $167 million, down 4.9% over 24 hours; the funding rate was +0.0032%. The simultaneous decline in price and open interest points to deleveraging pressure. Positions (https://seandra.ai/perp/doge) The 1-hour RSI was 39.3, while both MACD lines and the histogram were negative, indicating weak momentum. Indicators (https://closedcandle.com/coin/doge/indicators)
Over the next 4–24 hours, the price is likely to test support at 0.0671; a break below could lead to 0.0660. Resistance is at 0.0700. If the price holds above this level on rising volume, the short-term bearish outlook is invalidated, with 0.0716 as the next target.
#DOGE #DOGEUSDT #狗狗币 #Perpetual Futures Market