Dogecoin, after breaking through the 0.1565 high point, began to consolidate at higher levels and gradually retraced. The rapid pullback of sentiment tokens is particularly evident, currently falling into a weak oscillation pattern.
From a technical perspective, resistance is concentrated in the 0.0149-0.0153 range, with 0.0144 serving as a medium-term support, and a more important strong support level at 0.0139.
From a short-term trading perspective: if the rebound cannot effectively break through the resistance zone of 0.0149-0.0153, consider a short-selling strategy to capitalize on the pullback, while defending the 0.0156 line; if the price revisits the support zone of 0.0144-0.0139, and stabilizes there, it could be a good low-level long entry point. The key is whether these critical price levels can effectively hold.
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.
18 Likes
Reward
18
6
Repost
Share
Comment
0/400
LiquidationWizard
· 01-11 06:09
It's starting to consolidate again. Dogecoin really has been a rollercoaster.
View OriginalReply0
ReverseTradingGuru
· 01-10 22:51
Here comes the technical analysis to cut the leeks again, why do I find it so unconvincing?
View OriginalReply0
LightningHarvester
· 01-08 07:57
Back to the same old sideways trading at high levels. This wave of Dogecoin really feels frustrating. We agreed to push to 0.2, right?
View OriginalReply0
SocialAnxietyStaker
· 01-08 07:53
Another technical analysis trying to cut the leeks; I don't believe in this 0.0139 line.
View OriginalReply0
LightningAllInHero
· 01-08 07:53
It dropped again, Dogecoin really underperformed this time.
View OriginalReply0
CryingOldWallet
· 01-08 07:31
0.0139, whether this threshold can be broken or not, I'll just sit on the bench and watch the show first.
Dogecoin, after breaking through the 0.1565 high point, began to consolidate at higher levels and gradually retraced. The rapid pullback of sentiment tokens is particularly evident, currently falling into a weak oscillation pattern.
From a technical perspective, resistance is concentrated in the 0.0149-0.0153 range, with 0.0144 serving as a medium-term support, and a more important strong support level at 0.0139.
From a short-term trading perspective: if the rebound cannot effectively break through the resistance zone of 0.0149-0.0153, consider a short-selling strategy to capitalize on the pullback, while defending the 0.0156 line; if the price revisits the support zone of 0.0144-0.0139, and stabilizes there, it could be a good low-level long entry point. The key is whether these critical price levels can effectively hold.