DOGE 4-hour K-line falls into a weak trend: MACD bearish momentum is strong, how can traders seize the support rebound?

【CryptoWorld】In the past 4 hours, DOGE’s performance has been quite bleak. The price not only broke through previous lows but also formed a large bearish candlestick, closing even below the opening price. Overall, it shows a clear downward trend.

Interestingly, although the price is falling, trading volume has increased. What does this indicate? Selling pressure is continuously accumulating, and market bearish sentiment is fermenting.

From a technical perspective, the MACD performance is the most noteworthy. The histogram has been in the negative zone and is gradually lengthening, indicating that the bears are quite strong and the market lacks a clear upward trend. The KDJ indicator shows a neutral state, with a value of 53, and no golden cross or death cross signals have appeared, suggesting the direction is still uncertain.

For traders looking to position, consider the following key levels: if bullish, you might gradually build positions around 0.12 or 0.1266, but set a stop-loss at 0.1262 for defense. If bearish, 0.1342 and 0.1353 are two potential sell points, with corresponding stop-losses at 0.1344.

Current support remains at 0.1255, resistance is at 0.1342. The recent high is 0.1344, and the low is 0.1262. The market is still searching for direction, and traders need to patiently wait for clearer signals.