12.7

The current price of DOGE is 0.1399. Previously, it surged to 0.1407 before pulling back, and overall it is showing a narrow-range consolidation pattern after a spike and retracement, with the short-term direction still unclear. Currently, it is close to the middle band of the Bollinger Bands, indicating weak volatility near the middle band in the short term, with the middle band acting as immediate support and the upper band as short-term resistance. Recently, the 1-hour candlestick chart has shown long upper shadows after the price spike, followed by small bullish and bearish candles, forming a doji consolidation pattern, reflecting a tug-of-war between bulls and bears in the 0.1395-0.1405 range.

The KDJ indicator’s J line has broken above 70, entering the overbought zone, with the K and D lines also trending upwards, indicating that short-term bullish momentum is relatively strong but there is a risk of an overbought pullback. The MACD histogram is positive, and the DIF line is about to cross above the DEA line, forming a golden cross, suggesting that bearish momentum is basically exhausted and bulls are starting to attempt a counterattack.

In the short term, DOGE is mainly in a narrow-range consolidation. The key supports are the middle band of the Bollinger Bands at 0.13959 and the lower band at 0.13879. The key resistances are the upper band at 0.14039 and 0.1407. If there is a breakout above the upper band with increased volume, a small rebound space may open up; otherwise, range-bound consolidation will continue, and KDJ overbought may trigger a short-term pullback. In the short term, it is recommended to consider light long positions near the 0.1387–0.13621 area, targeting the 0.149–0.152 area.

The above is for personal advice and reference only. Please refer to Haoyu Shipan’s layout for specifics! #doge $DOGE