2026-02-23 06:11:12

1. Technical Analysis Summary (Short-term: 1-4 weeks)

Based on the provided candlestick chart and indicators, the short-term trend is in a clear correction phase of a downward trend, with no reversal signals yet.

1. Key Indicators and Patterns

- Trend and Resistance: The price has broken below the recent consolidation range lower boundary. In the 1-hour chart, the SAR indicator (0.09499) is above the price, signaling a clear bearish position.

- Momentum and Oversold Conditions: The MACD indicator is flat below the zero line, with decreasing green bars, indicating weakening bearish momentum but no bullish crossover yet. The KDJ and RSI are both in the neutral to slightly low range of 30-40. Although there is a rebound demand, they have not entered the extreme oversold zone (<30), suggesting there is still room for further decline.

- Support and Resistance: The first support level is at $0.088-$0.090 (the previous rally point). If broken, it will test the strong support at $0.08. Short-term resistance is at $0.097-$0.10 (24-hour high and psychological level).

DOGE1,22%

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