Brothers, I am Xin Ying. I just came across some data that got me alert - Dogecoin (DOGE) has a market cap still stuck at 20.8 billion USD, but the price has fallen to 0.1411, down 2.14% in the last 24 hours. This is not a 'dog', this is clearly a 'sick dog'!
Technical analysis (1-hour chart): All 'rebound signals' may be traps to lure buyers!
A glance at the 1-hour chart makes my back feel cold:
Key positions have collapsed: price 0.1411, exactly smashed below the long-short watershed of 0.14146! What does this mean? The last line of defense for the bulls has been breached.
Pressure layers are as solid as iron plates: moving upward, 0.14399 is the first obstacle, and 0.14662 is the second. Now, even 0.141 cannot hold steady; how can we talk about breaking through?
The most frightening 'golden cross': the MACD yellow and white lines form a golden cross below the 0 axis, seemingly signaling an upward move, but volume continues to shrink! This is a classic 'technical trap', specifically designed to fool novices into bottom fishing.
The abyss below: If 0.14146 is completely broken, the support at 0.13866 won't hold, and 0.13603 will be the first stop. At that time, all the bottom-fishers will be stuck halfway up the mountain.
News: Has the market lost patience with MEME coins?
Although there are no clear moves from the whales, market sentiment says it all:
When Bitcoin and Ethereum are volatile, MEME coins are always the first to be abandoned.
The 24-hour trading volume of DOGE is only 940 million dollars, and relative to its market value, liquidity is drying up. This indicates that large funds are not willing to enter the market at this position.
'Dogecoin's father' Musk hasn't tweeted support in a while; without a narrative, what will DOGE rely on to rise? Just the passion of retail investors?
Xinying's view: Descending continuation; do not catch falling knives!
My judgment is very clear: below 0.14146, any rebound is an opportunity to escape, not a signal to enter.
The current structure of the 1-hour chart is a standard 'descending continuation platform'. Once the lower edge of the platform (0.14146) is broken with significant volume, it will quickly slide towards around 0.136.
Don't be fooled by that 'MACD golden cross'; a cross below the 0 axis with shrinking volume is false nine times out of ten.
Emergency response manual for players:
Short sellers: Hold your hands! Don't think about bottom fishing just because it's dropping. Until we stabilize above 0.14146, all rebounds are illusions.
Position holders: If your position is heavy, a rebound near 0.14399 is an opportunity to reduce your holdings. If it breaks below 0.14146 and doesn't recover in half an hour, decisively cut losses.
Aggressive traders: Want to bet on a rebound? There's only one condition—significant volume reclaiming 0.14146 and holding steady. Otherwise, any long position is playing with fire.
Xinying reminds:
DOGE's volatility is extreme; a rumor can spike it by 10%. The pressure support levels mentioned above are just static analysis. The real dynamic levels, when to cut losses, and when to take small risks need to be judged in conjunction with real-time order books and on-chain data.
If you don't want to bottom fish at 0.141 and miss out on a potential oversold rebound, follow me, message me 'DOGE strategy', and I will share real-time long and short turning points and position management advice monitored by our team.
In this market, courage alone is not enough; you need a map.#加密市场观察 $DOGE
