DOGE is currently oscillating repeatedly in the 0.138-0.139 USDT zone and has broken below the previous 0.1396 key support level. From the daily chart, a bearish engulfing pattern has emerged, with price trading along the lower Bollinger Band.
The technical picture is interesting. The 15-minute RSI briefly entered oversold territory (below 30), suggesting potential short-term rebound demand. However, the issue is that volume isn't particularly strong, failing to confirm the true strength of an uptrend. Looking at the 5-minute chart, the 50-period moving average has turned downward, further reinforcing downward pressure.
Interestingly, the fundamentals provide decent support. Recently, whales aggressively bought 218 million DOGE within 12 hours, equivalent to $31 million. Grayscale's DOGE Trust ETF also created a record single-day inflow of $7.55 million. Combined with progress in payment infrastructure cooperation with Japanese enterprises, these represent solid fundamental support.
However, headwinds cannot be ignored. Expectations around U.S. inflation data are tightening market liquidity, and the entire meme coin sector faces short-term correction pressure, both weighing on price.
Looking ahead at the 3-day rhythm: the first two days should primarily focus on oscillation and consolidation, with price oscillating between 0.138-0.145 USDT. By day 3, after CPI data is released, price should face a directional turning point. The key levels to watch are whether 0.145 USDT resistance can be effectively broken and whether 0.135 USDT support can hold.
Core support sits at 0.135-0.136 USDT, where previous dense trading and psychological levels have converged multiple times without being breached. Once lost, it would probe toward 0.132 USDT.
DOGE is currently oscillating repeatedly in the 0.138-0.139 USDT zone and has broken below the previous 0.1396 key support level. From the daily chart, a bearish engulfing pattern has emerged, with price trading along the lower Bollinger Band.
The technical picture is interesting. The 15-minute RSI briefly entered oversold territory (below 30), suggesting potential short-term rebound demand. However, the issue is that volume isn't particularly strong, failing to confirm the true strength of an uptrend. Looking at the 5-minute chart, the 50-period moving average has turned downward, further reinforcing downward pressure.
Interestingly, the fundamentals provide decent support. Recently, whales aggressively bought 218 million DOGE within 12 hours, equivalent to $31 million. Grayscale's DOGE Trust ETF also created a record single-day inflow of $7.55 million. Combined with progress in payment infrastructure cooperation with Japanese enterprises, these represent solid fundamental support.
However, headwinds cannot be ignored. Expectations around U.S. inflation data are tightening market liquidity, and the entire meme coin sector faces short-term correction pressure, both weighing on price.
Looking ahead at the 3-day rhythm: the first two days should primarily focus on oscillation and consolidation, with price oscillating between 0.138-0.145 USDT. By day 3, after CPI data is released, price should face a directional turning point. The key levels to watch are whether 0.145 USDT resistance can be effectively broken and whether 0.135 USDT support can hold.
Core support sits at 0.135-0.136 USDT, where previous dense trading and psychological levels have converged multiple times without being breached. Once lost, it would probe toward 0.132 USDT.