DOGE Technical Analysis Scan: Bearish signal appears on the 4-hour chart, with the key level at this point

【CryptoWorld】Looking at DOGE’s recent 4-hour trend, the price has been clearly declining since the peak at 4:00 PM on December 10th. Although there was a rebound compared to 8:00 AM that day, it’s still significantly lower than the 4:00 PM high. A bearish engulfing pattern has appeared on the candlestick chart, with the latest candle closing as a bearish (downward) candle, its closing price below the opening price.

The volume is quite interesting—while the price is falling, trading volume has actually increased, which usually indicates growing selling pressure. On the technical indicator front, the MACD has already formed a death cross, with the histogram shifting from positive to negative, signaling that the bears are gaining strength. The KDJ is currently around 55, with no clear golden cross or death cross signals, so it remains neutral for now. Regarding moving averages, the MA10 continues to stay above the MA30 (both at 4:00 PM and 8:00 PM on December 10th), but the overall trend shows signs of a downtrend.

From a price structure perspective, recent fluctuations are between 0.13867 and 0.1509. The key support level is around 0.1378, and resistance is at the 0.15 level. For long positions, focus on the 0.14 and 0.13782965 levels, with stops set at 0.13867; for short positions, targets are at 0.15 and 0.153299, with a stop at 0.1509. Currently, the market is in a weak oscillation pattern, so short-term trading requires extra caution in risk management.