🚨 DOGE/USDT Analysis: Are we approaching the bottom or is the bleeding continuing? 📉🐕

After a strong upward wave reaching levels of 0.10615, the digital dog (DogeCoin) is currently undergoing a sharp correction on the 4-hour chart. Here is a detailed view of the current technical scene:
🔍 Technical indicator readings:
(Moving Averages): We observe a bearish crossover as the price is currently trading below the (MA5, MA10, MA30) averages. The 0.09550 zone has now shifted from support to a fierce resistance hindering upward movement.
(MACD Indicator): The bearish momentum remains dominant. The red (Histogram) bars are expanding below the zero line, indicating that sellers still hold the initiative.
Support and Resistance Levels:
Next support: The 0.08992 level is the dividing line. Breaking this level could open the door to further declines.
Key resistance: True positivity will only return with a break and stabilization above the 0.10158 level.
💡 Summary and Strategy:
The price is currently testing a demand zone at 0.09370. Although a buy signal from the (B) algorithm appears on the chart, caution is necessary.
For conservative traders: Wait for a 4-hour candle close above 0.09600 to confirm a rebound.
For adventurous traders: Monitor price behavior around 0.09000 to catch a quick rebound with a tight stop loss.
⚠️ Warning: This analysis is for educational purposes only and does not constitute investment advice. The crypto market is high risk; always do your own research.