🛑 $DOGE has breached all moving averages, confirming a bearish pattern!

Current DOGE price is 0.09247 USDT, with a daily decline of -2.71%, having breached the crucial MA(7) and MA(25) moving averages.

Looking at the daily level, MA(7) is at 0.13909, and MA(25) is at 0.17992, with the price forming a clear bearish arrangement, indicating that selling pressure remains heavy above, and the sustainability of any rebound is in doubt.

Regarding trading volume, DOGE traded 830 million in the last 24 hours, but the volume bars have noticeably shrunk, with VOL continuing to stay below MA(5) and MA(10), indicating a shrinking decline, with market sentiment being weak and low participation from funds.

From the historical high of 0.48434 down to the current levels, DOGE has been in a major downward channel. Although there is support around 0.09056, if there is no volume to support it, breaking down is merely a matter of time.

To summarize:

Technically, the bears are dominant, rebounds lack volume, and if the support below is lost, the next target is around 0.08.

For short-term operations, blindly bottom-fishing is not recommended; patience is needed for stabilization signals.

Expected guidance: Focus on the critical level of 0.09 for gains or losses; only if it stabilizes is there a chance to rebound to MA(7).

#金价连续第十天下跌 #狗狗 $SHIB $PePe