Looking at the 4-hour K-line of DOGE, the technical suppression signs are quite obvious. The MA60 is firmly stuck at 0.1459, and the MA120 at 0.1483 also forms a solid top. Both moving averages are tightly holding down the price's upward space, making it hard to break through.
To be honest, the rebound strength is a bit weak. The previous rebound couldn't even stabilize above 0.1425 and fell back immediately. What's more frustrating is that the MACD shows a weak golden cross below the water, and the trading volume is clearly shrinking, all indicating signs of weakness.
The RSI indicator just crossed above 50 but lost momentum, a typical false breakout pattern. The current price is around 0.14242. Looking downward from this position, the previous low of 0.13784 becomes a relatively clear target. In the short term, this rebound seems more like a window for shorting—rebound to resistance is an opportunity.
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SerumSurfer
· 01-12 01:27
It's the same old moving average suppression routine. Every time they say it's going to break out, but it just gets pushed back down. I'm a bit tired of it, haha.
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GateUser-a606bf0c
· 01-11 19:20
It's the same old MA suppression again. The fake bounce really has become tiresome. Anyway, I don't dare to catch this rebound.
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ContractFreelancer
· 01-11 16:58
You're just tempting more, a rebound is a free meal for the bears.
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MoonlightGamer
· 01-09 01:57
Damn, got trapped again. This rebound is completely fake.
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LostBetweenChains
· 01-09 01:56
Damn, it's the same trick again. The rebound is just our chance to be cut off.
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airdrop_whisperer
· 01-09 01:47
Damn, got trapped again. This rebound is so fake...
DOGE is just a frustrating thing to deal with. Can't even hold 0.1425 and still want to skyrocket. It's hilarious.
I believe in the short-selling window, but this rebound isn't over yet. It feels like we need to push one more wave to see a clear top.
With such strong moving average resistance, dropping to 0.137 seems quite realistic. Better to wait for a confirmed break before taking action.
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MrRightClick
· 01-09 01:46
Damn, it's this moving average suppression again. DOGE is really annoying.
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SandwichTrader
· 01-09 01:45
Really, this rebound is just a trap to lure more buyers. I saw it coming a long time ago; the shrinking volume shows there's no real momentum.
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BlockchainArchaeologist
· 01-09 01:42
Dogecoin's rebound this time is indeed weak, with two moving averages firmly holding it down, and MACD still so powerless. The short-selling opportunity is real.
Looking at the 4-hour K-line of DOGE, the technical suppression signs are quite obvious. The MA60 is firmly stuck at 0.1459, and the MA120 at 0.1483 also forms a solid top. Both moving averages are tightly holding down the price's upward space, making it hard to break through.
To be honest, the rebound strength is a bit weak. The previous rebound couldn't even stabilize above 0.1425 and fell back immediately. What's more frustrating is that the MACD shows a weak golden cross below the water, and the trading volume is clearly shrinking, all indicating signs of weakness.
The RSI indicator just crossed above 50 but lost momentum, a typical false breakout pattern. The current price is around 0.14242. Looking downward from this position, the previous low of 0.13784 becomes a relatively clear target. In the short term, this rebound seems more like a window for shorting—rebound to resistance is an opportunity.