As of 18:00, DOGE is priced at $0.128, with a recent 24-hour decline of approximately 1.9%. From the market perspective, the price has been oscillating between $0.12 and $0.13, with relatively weak trading volume, and a 24-hour trading volume of about $1.02 billion. The overall market weakness combined with low market sentiment suggests that the short-term trend is leaning bearish, with a high probability of continued weak oscillation.

On the technical side, several key points are worth noting. In the daily chart, Dogecoin has broken below the EMA20 moving average (around $0.14). The MA5 and MA10 are forming a bearish alignment, indicating that short-term bearish momentum is dominant. To see a meaningful rebound, trading volume needs to increase and the price must regain and stabilize above the EMA20.

The RSI indicator is currently around 39.1, in a neutral to slightly weak zone, and has not yet reached the oversold area, implying that the momentum for a rebound may be limited. Regarding MACD, the histogram remains negative, and the death cross is still ongoing. Although the downward momentum is weakening, there are no reversal signals yet.

In terms of trading strategy, the $0.123 to $0.125 range is the daily level of support and resistance. If this level is broken, caution is advised as the price may test lower levels around $0.116. Conversely, whether a rebound can hold above $0.135 depends on trading volume. Without sufficient volume support, a rebound to that level could easily trigger sell-offs.