Morning of 12.9

From the DOGE 1-hour candlestick chart and technical indicators, the short-term shows a pattern of surging and then pulling back, followed by a weak rebound at a low level, with bulls and bears currently in a stalemate. The recent price structure shows a surge to a phase high of 0.14499, followed by a swift pullback to a short-term low of 0.14110, then a weak rebound, forming an overall oscillating structure of surge-pullback-weak rebound. The price fluctuates repeatedly in the 0.1410-0.1440 range. The candlestick pattern shows long upper wicks during the surge phase, indicating heavy selling pressure above; during the pullback phase, medium bearish candles dominate. After the downward momentum is released, the rebound forms small bullish candles, indicating weak bullish counterattacks, mainly as technical corrections.

Currently, the price is below the middle Bollinger Band at 0.14281. The upper band at 0.14434 is the short-term resistance, while the lower band at 0.14129 is support. The price is moving below the middle band, indicating a weak oscillation pattern. If it fails to break above the middle band, the rebound space is limited. The KDJ indicator has slightly rebounded from the oversold area but remains in a neutral to low range, with the J line turning downward, suggesting insufficient short-term rebound momentum and a possibility of further weakening. The MACD histogram shows small green bars, indicating bears still have a slight advantage, but bearish momentum has significantly weakened, making a sharp short-term drop unlikely.

In the short term, if the price stabilizes above 0.14281, it is expected to rebound toward the 0.1440-0.1450 range. If it loses the 0.1410 support, it may test around 0.1390. It is recommended to enter with a small position if the price rebounds to around 0.1425-0.1452, with a target near 0.140-0.138.

The above is only personal advice for reference only; please follow Haoyu Shipan's strategy for specifics! $DOGE ‌#doge