【CryptoWorld】DOGE has performed remarkably in the past 4 hours. Compared to two days ago, the price has increased significantly, with a slight pullback later yesterday. The candlestick shows a large bullish body, with the last candle closing higher than it opened, but there is a detail—trading volume is shrinking. While the price is rising, the volume is decreasing, indicating that the upward momentum is weakening.
From a technical perspective. The MACD does not show any particularly strong trend signals, but the histogram remains negative and is gradually shortening, suggesting that the bullish strength is quietly increasing. Regarding the KDJ indicator, there are no clear signals like golden or death crosses at the moment, but the KDJ value has fallen to 14, entering the oversold zone, which often indicates a potential rebound opportunity.
Based on the latest analysis, the key levels are as follows:
Bullish setup: The first entry point is at 0.12336, and for safety, you can wait for 0.1201. The stop-loss for long positions should be set at 0.12336.
Bearish opportunity: The first target is at 0.13953, with further aiming at 0.1401. The stop-loss for short positions is at 0.13953.
Current support is at 0.1201, resistance is at 0.1401. Within the 4-hour cycle, the highest reached was 0.13953, and the lowest dropped to 0.12336. Overall, DOGE shows an oversold rebound pattern on the technical side, with short-term trading opportunities possible, but caution is advised due to the shrinking volume and associated risks.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
4
Repost
Share
Comment
0/400
DisillusiionOracle
· 01-21 08:07
Is the shrinking volume a sign of a rise? I've seen this trick too many times. Let the rebound happen, but don't get caught in a trap.
View OriginalReply0
ThreeHornBlasts
· 01-21 08:01
The volume shrinks, what’s the point of a rise? It’s just a false rally; this rebound is unreliable.
View OriginalReply0
PumpAnalyst
· 01-21 07:53
The current volume contraction makes me uncomfortable; pushing up isn't that easy.
Those who want to chase after a rise are all rookies; wait for the rebound.
KDJ reaching 14 is indeed oversold, but the big players like to lay in wait here.
The key level at 0.12 must hold, or it's game over.
Trading volume is the real truth; don't be fooled by the K-line, brother.
The MACD turning positive is highly likely; this rebound has potential.
Bullish entry? I'll wait and see first; risk control is the most important.
After losing money, I believe one thing: oversold doesn't mean a rebound.
This pace looks a bit rushed; it's a typical bottom-building scam.
Volume doesn't match up; a rise is just a false alarm.
View OriginalReply0
DogeBachelor
· 01-21 07:49
Is this a volume exhaustion? Is it testing the bottom or about to rebound? I see the KDJ's oversold value at 14, and I'm a bit tempted. Will it really reach that point at 0.1201?
DOGE 4-Hour K-line Analysis: Oversold Rebound Signal Emerges, Key Price Levels Overview
【CryptoWorld】DOGE has performed remarkably in the past 4 hours. Compared to two days ago, the price has increased significantly, with a slight pullback later yesterday. The candlestick shows a large bullish body, with the last candle closing higher than it opened, but there is a detail—trading volume is shrinking. While the price is rising, the volume is decreasing, indicating that the upward momentum is weakening.
From a technical perspective. The MACD does not show any particularly strong trend signals, but the histogram remains negative and is gradually shortening, suggesting that the bullish strength is quietly increasing. Regarding the KDJ indicator, there are no clear signals like golden or death crosses at the moment, but the KDJ value has fallen to 14, entering the oversold zone, which often indicates a potential rebound opportunity.
Based on the latest analysis, the key levels are as follows: Bullish setup: The first entry point is at 0.12336, and for safety, you can wait for 0.1201. The stop-loss for long positions should be set at 0.12336. Bearish opportunity: The first target is at 0.13953, with further aiming at 0.1401. The stop-loss for short positions is at 0.13953.
Current support is at 0.1201, resistance is at 0.1401. Within the 4-hour cycle, the highest reached was 0.13953, and the lowest dropped to 0.12336. Overall, DOGE shows an oversold rebound pattern on the technical side, with short-term trading opportunities possible, but caution is advised due to the shrinking volume and associated risks.