12.4 morning


Currently, the candlestick pattern for DOGE is a "strong upward movement after consolidation" and is in a "sharp rise then slight pullback" state. On the current 1-hour chart, the structure shows a "break above previous high + slight correction"; previously, the price gradually increased from 0.14513, reaching an intraday high at 0.1534, then gently retreating to 0.1529—this is "short-term profit-taking after a strong surge with large volume." Overall, it's a strong correction pattern within an uptrend, with green candles dominating and a narrow correction range, indicating that bullish sentiment remains quite strong.
Previously, after breaking above the upper Bollinger Band at 0.15279, the price only pulled back slightly and is now moving within the middle and upper range of the Bollinger Band. The middle band at 0.15054 is an important short-term support—if it holds, the trend can continue. The KDJ indicator's three lines are near the overbought area, suggesting that the short-term uptrend may slow down and a slight pullback is likely. For the MACD indicator, the DIF line is slightly below the DEA, with the MACD bar near the zero axis—indicating "not much divergence between buying and selling, momentum is temporarily balanced," so further observation is needed to see if a golden cross signal forms again.
In the short term, if the middle Bollinger Band region at 0.1505 holds, the price may fluctuate within 0.151-0.154 and then continue to challenge resistance above 0.155; if KDJ is near overbought, there could be a slight pullback to the middle band support at 0.150—if this is broken, it could continue down to the lower band at 0.148. It is recommended that if the price pulls back to the 0.1501--0.1481 region, a small position can be opened, targeting the 0.153--0.156 region.
The above is just a personal opinion for reference only. For specifics, please refer to the layout by Hao Vu Thach Ban $DOGE #doge
DOGE-2.64%
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