12.3 Morning

From the current 1-hour K-line and indicators, Doge is in a high-level consolidation phase after a short-term bullish surge. The previous price quickly surged from around 0.13436, resulting in a large bullish candlestick breakout, peaking at 0.1478. It has currently retraced to the 0.1469 level, which belongs to a "pullback confirmation" after the breakout. The recent few K-lines are mainly small-bodied, accompanied by a slight retracement (but not breaking key support), indicating that the bulls still have control, though there is a demand for profit-taking in the short term.
​
Overall, it is a "pulsating rise + volume contraction adjustment" - previously breaking through the middle track of the Bollinger Bands with increased volume, and currently experiencing low volume fluctuations at a high level, which is a signal of continued short-term strength. If it can hold above 0.145 going forward, it is expected to continue to rise.

Currently situated below the upper Bollinger Band at 0.15073, the Bollinger Bands have clearly widened, indicating a bullish short-term trend + an increase in volatility; however, there is also potential demand for a pullback to the middle band at 0.14096 as it approaches the upper band.
​
The KDJ indicator is approaching the overbought zone, suggesting that short-term pullback pressure is accumulating. MACD indicator: DIF crosses above DEA, and the MACD red bars continue to expand, indicating that bullish momentum is still being released and the short-term trend has not reversed. In terms of funds, there is a net inflow of 16.03 million, and the trading volume has increased simultaneously during the rally phase, confirming the funding support for the rise.
If it stands firmly above 0.146, it is expected to impact the upper Bollinger Band at 0.15073, and even break the previous high. If it is suppressed by KDJ overbought conditions, it may retrace to the 0.145-0.141 Bollinger Band middle track range to confirm support.

Short-term advice is to rebound to around the 0.1483--0.1511 range for light positions, with the target looking towards the 0.1451--0.1423 range.

The above is just a personal opinion for reference only, please refer to the layout of Haoyu Shipan for specifics! $DOGE ‌#doge