Dogecoin's moving average is pressing the price downwards, and all rebounds have been reversed. Now the trading volume is also shrinking, indicating a decline in market attention.
Around 0.13 is the previous low range, and in the short term, there may be repeated pullbacks, but as long as it doesn't stay above 0.135, the overall trend remains weak. A rebound without volume is the comfort zone for bears.
Currently, there is a one-sided downward structure, and emotional coins are prioritized for selling. If it rebounds to the range of 0.132–0.135, the priority is to short. Stop loss at 0.138.
Target at 0.125, and in extremely weak conditions, look at 0.12.
Not recommended to go long; wait for the trend to end before discussing. $DOGE
DOGEUSDT
Perp
0.13112
+0.22%