Dogecoin's recent rapid rally driven by market sentiment has now entered a consolidation phase. On the 4-hour chart, the bullish structure remains intact, but volatility has significantly increased.
Technical overview: Resistance is concentrated in the 0.154-0.158 range, with support at 0.145, and stronger support at 0.138-0.14. As long as it does not break below 0.145, the overall trend remains a strong oscillation.
Trading strategy: In the short term, consider buying on dips around the 0.145-0.14 range, with a stop loss at 0.137. The upward targets are 0.154 and 0.158. It is particularly important to watch out for a quick cooling of sentiment if it breaks below 0.14.
If a breakdown below 0.14 occurs and a rebound fails, a short-term bearish approach can also be considered, with a stop loss at 0.146 and a target near 0.132.
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NullWhisperer
· 01-07 22:32
technically speaking, 0.145 is just asking to be tested at this point. emotion-driven pumps always leave these lovely vulnerabilities in their wake. interesting edge case if we see that double-bottom pattern fail tho
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APY_Chaser
· 01-05 05:47
Talking about Dogecoin again, it feels like the same routine every day. Whether it breaks 0.14 is the key.
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GasGasGasBro
· 01-05 05:46
0.145 is really the key threshold; once broken, it's all over.
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MintMaster
· 01-05 05:37
0.145, why does it feel like that barrier isn't so solid anymore? Emotions can turn sour just like that.
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ShitcoinArbitrageur
· 01-05 05:32
0.145 is really a critical line; once broken, you have to run.
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GateUser-e51e87c7
· 01-05 05:32
0.14 is really a critical threshold. Once broken, emotions will indeed collapse. I'm just worried that there might be another wave of sharp decline then.
Dogecoin's recent rapid rally driven by market sentiment has now entered a consolidation phase. On the 4-hour chart, the bullish structure remains intact, but volatility has significantly increased.
Technical overview: Resistance is concentrated in the 0.154-0.158 range, with support at 0.145, and stronger support at 0.138-0.14. As long as it does not break below 0.145, the overall trend remains a strong oscillation.
Trading strategy: In the short term, consider buying on dips around the 0.145-0.14 range, with a stop loss at 0.137. The upward targets are 0.154 and 0.158. It is particularly important to watch out for a quick cooling of sentiment if it breaks below 0.14.
If a breakdown below 0.14 occurs and a rebound fails, a short-term bearish approach can also be considered, with a stop loss at 0.146 and a target near 0.132.