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Morning of November 29


Doge is currently around 0.15032, having fallen below the middle band of the Bollinger Bands. It is now positioned between the middle band and the lower band, indicating a short-term weak zone, with an overall trend showing a tendency for weak fluctuations.
The KDJ indicator is in the lower region, indicating a certain possibility of rebound; the MACD double lines are below the zero axis, and the MACD histogram is negative, suggesting that short-term bearish forces still dominate.
Recently, multiple bearish candlesticks have appeared. After the price broke below the support level, it formed a "consolidation downtrend" candlestick pattern. At the same time, the increasing trading volume during the decline indicates that short-term market sentiment is bearish.
In the short term, it is highly likely that the market will continue to exhibit a weak consolidation pattern. The upper resistance level is at 0.1510, which corresponds to the middle line of the Bollinger Bands, while the lower support level is at 0.1485, corresponding to the lower line of the Bollinger Bands. If the price can stabilize above 0.1510, it may trigger a rebound; however, if it falls below 0.1485, further declines may occur.
Short-term advice is to rebound to around the 0.1516--0.153 position for a light position, with a target looking towards the 0.1491--0.1472 position.
$DOGE #doge
DOGE-7.52%
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