DOGE 4-hour chart technical analysis: Bearish momentum building, pay attention to these key levels

【CryptoWorld】The performance of DOGE over the past week is indeed worth paying attention to. Let’s first look at the 4-hour K-line trend——compared to a slight rebound at 4 a.m. on the 15th, but it has pulled back from the midnight session, overall still below the level at 8 p.m. on the 13th. After a large bullish candlestick, a bearish line appears, closing below the opening price, which is not very optimistic.

In terms of trading atmosphere, it has clearly cooled down. Trading volume continues to shrink and has dropped significantly compared to a few hours ago. This situation of declining volume and price usually indicates a lack of market participation enthusiasm.

Now, let’s examine technical indicators. The MACD situation is quite clear——the histogram shifts from positive to negative, indicating the bears are gaining strength. The MACD line also crosses below the signal line, forming a death cross signal, confirming a short-term weakening trend. The KDJ has not yet shown a clear golden or death cross and is currently hovering in the neutral zone, with the KDJ value around 66.

From the moving averages perspective, MA10 remains above MA30, but the data at 8 p.m. on the 15th shows the downtrend has already formed, indicating that even if the short-term moving average still has an advantage, downward pressure is accumulating.

Regarding support and resistance levels, recent support is at 0.1338, and resistance is at 0.1519. The recent high touched 0.14961, and the low dropped to 0.13662. Based on the current technical outlook, some trading reference points are as follows:

Long side——First buy-in point at 0.14, second buy-in around 0.1359, with a stop-loss set at 0.1366. Short side——First sell point at 0.1519, second sell point around 0.1518, with a short stop-loss at 0.1496.

Overall, the short-term trend is somewhat weak, and trading volume is not ideal, so caution is advised.