Staring at the market all afternoon, it's no wonder my back is cold.

The 4-hour chart of DOGE looks a bit too tight. Don't just focus on the 0.5% decline; the real issue is hidden in the details.

**Technical Analysis Breakdown**

The closing price is stuck at 0.12482, pressed against the bottom of the moving average system. But what’s more frustrating isn’t the decline itself, but the amplitude is only 1.25%—this is a consolidation of the downtrend, with the market holding back, waiting for confirmation of the breakout direction.

The situation with MACD is even worse. The two lines are continuously expanding below the zero axis, a standard bearish acceleration pattern. Meanwhile, the volume is very honest: it clearly increases during declines and shrinks significantly during rebounds, indicating that selling pressure is real and the enthusiasm for buying has cooled down.

**Key Resistance and Support Levels**

Above, 0.1354 has become a strong resistance after forming a small platform earlier. Further up, 0.145 is a trend resistance line formed by connecting multiple historical highs, which can be called the "ceiling within the ceiling."

Below, 0.1217 is a psychological support, but honestly, it’s quite fragile. The real dividing line between bulls and bears is at 0.115—the foundation of the rally since the beginning of the year. Once it breaks below this level, the entire technical pattern will be completely shattered.

**Bottom Line Judgment**

From the technical charts, almost all signals point in one direction: bears are in control. The trend is downward, and this isn’t something you can counter just by intuition. Until the market shows clear signs of stabilization, we should respect what the charts are telling us.