Morning of December 8

From the 1-hour candlestick chart and technical indicators in the screenshot, DOGE is showing short-term characteristics of bottoming out and rebounding, combined with range-bound oscillation. Currently, it is above the middle band of the Bollinger Bands, with the upper band at 0.14280 and the lower band at 0.13608. The price is rebounding, supported by the middle band, but there is clear resistance near the upper band at 0.1428, placing it in a relatively strong oscillating range between the middle and upper bands. After previously dropping quickly to a phase low of 0.13478, it rebounded to a short-term high of 0.14282, then pulled back with a bearish candlestick, forming a V-shaped bottoming and subsequent pullback oscillation pattern. Currently, a small bullish candlestick is rebounding, which is a weak recovery after a pullback, with overall volatility centered between previous highs and lows.

The KDJ indicator lines are turning upward from a low position and are all above 50, indicating that short-term bearish momentum has been released and bulls are starting a minor counterattack, entering a more bullish oscillation phase. The MACD histogram is a very narrow red bar, indicating a temporary balance between bulls and bears, with the mid-term trend unclear and short-term mainly oscillating.

In the short term, the 1-4 hour cycle will most likely maintain oscillation within the 0.1380-0.1430 range: Upper resistance: 0.1420-0.1430 (previous highs + upper Bollinger band); Lower support: 0.1390 (middle Bollinger band), 0.1360 (lower Bollinger band). If the price holds above 0.1420, it is expected to test resistance near 0.1450. If it falls below 0.1390, it will most likely retrace to the 0.1360-0.1380 range. It is recommended to consider light positions for entry if there is a pullback to around 0.1421--0.1456, with a target around 0.1381--0.1352.

The above is for personal reference only. Please refer to Haoyu Shipan’s arrangements for specifics #doge $DOGE