#数字资产生态回暖 Dogecoin $DOGE is currently facing technical pressure, with multiple signals worth paying attention to.
Recent on-chain monitoring data shows changes in large fund movements. In terms of technical indicators, the EMA7 moving average is forming resistance around 0.13871, which has become a key resistance level for a rebound. From the 1-hour K-line chart, recent short positions have accumulated a liquidation volume of $2.1 million, indicating that the market's short-selling force is quite sufficient.
From a price structure perspective, the current rebound is likely a short-term correction rather than a trend reversal. Looking downward, focus on two key levels:
▪ First line of defense: 0.1357 — If broken, the intra-day rebound potential is essentially exhausted ▪ Further decline: below 0.128 — this area could become a stronger support level
Cryptocurrency trading is fundamentally a probability game. Currently, technical, capital, and sentiment factors all point to greater downward pressure. For traders, the key is not to bet on a rebound but to clarify which side the risk-reward balance favors.
Adhering to a high-probability trading logic is the key to long-term stability.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#数字资产生态回暖 Dogecoin $DOGE is currently facing technical pressure, with multiple signals worth paying attention to.
Recent on-chain monitoring data shows changes in large fund movements. In terms of technical indicators, the EMA7 moving average is forming resistance around 0.13871, which has become a key resistance level for a rebound. From the 1-hour K-line chart, recent short positions have accumulated a liquidation volume of $2.1 million, indicating that the market's short-selling force is quite sufficient.
From a price structure perspective, the current rebound is likely a short-term correction rather than a trend reversal. Looking downward, focus on two key levels:
▪ First line of defense: 0.1357 — If broken, the intra-day rebound potential is essentially exhausted
▪ Further decline: below 0.128 — this area could become a stronger support level
Cryptocurrency trading is fundamentally a probability game. Currently, technical, capital, and sentiment factors all point to greater downward pressure. For traders, the key is not to bet on a rebound but to clarify which side the risk-reward balance favors.
Adhering to a high-probability trading logic is the key to long-term stability.