DOGE 4-Hour K-line Technical Analysis: Support, Resistance, and Trading Signal Overview

【Crypto World】DOGE’s recent 4-hour trend shows a divergence pattern. Compared to the peak in the early hours of December 17, the price has significantly retreated but has rebounded from the low at 8:00 PM on December 15, forming a bearish engulfing pattern. The latest candlestick closed lower, with the closing price below the opening price.

Trading volume has noticeably decreased. In the past few hours, trading enthusiasm has been insufficient, with volume declining compared to the previous period—this confirms the downward trend and indicates a typical market lull, with both bulls and bears on the sidelines.

From a technical indicator perspective, MACD shows no clear direction; although the histogram remains positive, it is gradually narrowing, reflecting diminishing bullish momentum. The KDJ indicator has not formed a golden or dead cross and remains in a neutral zone (KDJ value 54), with no obvious downward trend. Overall, the market is currently in a state of stalemate, lacking a clear trend.

Trading reference points are as follows:

Long position: Consider seeking entry opportunities at 0.1269 and 0.12843, with stop-loss set below 0.12843.

Short position: Consider shorting at resistance levels of 0.1395 and 0.1387, with stop-loss above 0.1395.

Key support: 0.1269
Key resistance: 0.1387
Recent high: 0.1395
Recent low: 0.12843

The current market is in a weak oscillation pattern. It is recommended to closely monitor whether trading volume can effectively increase, which will be crucial for judging the subsequent direction.