Dogecoin has clearly lost momentum from the high of 0.1565, with consecutive declines and currently oscillating below the middle and lower bands of the Bollinger Bands. This correction is a normal adjustment after short-term overheating sentiment.
Let's review the key levels: The resistance zone is between 0.145 and 0.148. A short-term rebound to this area suggests it may be time to consider exiting. Support below is at 0.137 to 0.135. If this area is not broken, there is still room for a rebound. If it falls below 0.135, the correction could deepen, and caution is advised.
In terms of trading strategy, if a rebound encounters resistance above 0.145, consider short positions. However, if the price can hold around 0.137, the short-term rebound opportunity remains. The impact of US non-farm payrolls data below expectations is still being digested, and short-term volatility may continue.
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PuzzledScholar
· 01-10 22:31
Dogecoin's recent performance is indeed a bit weak; it still depends on whether it can hold the 0.137 level.
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LongTermDreamer
· 01-10 11:52
Dogecoin is at it again. Over the past three years, it's always been like this—dropping and then rebounding. This cycle just keeps repeating. If the 0.135 level holds, I remain optimistic. History shows us that bottoms often hold surprises.
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GweiWatcher
· 01-10 11:47
Dogecoin is acting up again. I'm already tired of this Bollinger Bands trick.
I just want to see if 0.135 can hold, or else I really have to run.
Rebound to 0.145 and then exit. This move is still safe.
Non-farm payroll data has the market acting like it's on dynamite. When will it finally settle down?
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PaperHandsCriminal
· 01-10 11:32
Once again, it got smashed down. I should have gotten out at 0.148...
Dogecoin is really tough this time; I still need to hold the 0.137 level.
The non-farm payroll data caused this; in the short term, it still depends on the Federal Reserve's stance.
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ServantOfSatoshi
· 01-10 11:29
Dogecoin's recent decline is indeed a bit uncomfortable. If the 0.135 level breaks, you really need to be cautious.
No one knows how deep the decline could go afterward.
Dogecoin has clearly lost momentum from the high of 0.1565, with consecutive declines and currently oscillating below the middle and lower bands of the Bollinger Bands. This correction is a normal adjustment after short-term overheating sentiment.
Let's review the key levels:
The resistance zone is between 0.145 and 0.148. A short-term rebound to this area suggests it may be time to consider exiting.
Support below is at 0.137 to 0.135. If this area is not broken, there is still room for a rebound.
If it falls below 0.135, the correction could deepen, and caution is advised.
In terms of trading strategy, if a rebound encounters resistance above 0.145, consider short positions. However, if the price can hold around 0.137, the short-term rebound opportunity remains. The impact of US non-farm payrolls data below expectations is still being digested, and short-term volatility may continue.