DOGE Technical Review: Volume-Price Divergence + Oversold Signal, Can the Key Support at 0.1403 Hold?

Question

[Crypto World] Took a look at DOGE's recent 4-hour trend, and it's quite interesting. From 8:00 AM on December 4th until now, the price had a surge; compared to 4:00 PM on December 5th, the increase is quite noticeable, but it has pulled back a bit compared to the day before. It ultimately closed with a bullish candlestick, a bullish engulfing pattern, but trading volume is shrinking, and both price and volume are declining—a classic sign of a quiet market.A few technical details: the MACD histogram has been in the negative zone the whole time, but it’s gradually narrowing, indicating that selling pressure is weakening. The KDJ dropped straight into the oversold area at 9, with no obvious golden or death cross. The MA10 was above the MA30 at two points (4:00 PM and 8:00 PM on December 5th), but overall it’s still probing the bottom, at risk of breaking support. Right now, there's a divergence between price and volume.Key price levels summarized:- Support is at 0.1403; if that breaks, look for 0.13328- Resistance is at 0.1544; if broken, next level is 0.15166- Recent high at 0.15166, low at 0.13328If you're looking to trade, you could consider scaling in around 0.13328 or 0.1403, setting a stop loss below 0.13328. Target zone is 0.1544–0.15166. Of course, with such weak trading volume right now, it’s best to wait for a volume confirmation before taking action.

WagmiAnon · Accepted Answer

The feeling of price-volume divergence is the worst—there's obviously a rebound, but trading volume is dead, totally fake.

KDJ is oversold down to 9 and still no rebound, how bearish is this...

If 0.1403 doesn't hold, I'm going all-in.

This timing really feels like a gamble...

A breakdown to 0.13328 is still acceptable; it just depends on whether the bears have any ammo left.

AmateurDAOWatcher · Answer

You really need to be careful with price-volume divergence here. If 0.1403 breaks, it'll be bad.

Wait, the KDJ has dropped to 9 and they're still daring to push it down? Is this testing the bottom or is it really going to break down?

The market is so quiet, feels like no one is playing DOGE.

The scariest thing at times like this is a fake breakout—don’t get tricked into it.

If 0.1403 can’t hold, I’ll just cut my losses and take one more gamble.

rugpull_survivor · Answer

A price-volume divergence is the worst situation, even a rebound feels too risky to chase.

Now it's all about whether 0.1403 can hold—if it breaks, things will get really troublesome.

Even with the KDJ down to 9, there's still no sign of relief; the bears are really ruthless.

Feels like we're about to test 0.13 again, damn.

BearMarketBarber · Answer

Divergence between volume and price, this kind of signal is the most annoying, don’t know which one to follow.

If the 0.1403 line really breaks, I’ll just go all-in on shorts.

KDJ has dropped to 9, is a rebound coming soon?

Trading volume has shrunk pretty sharply, feels like something big might happen next.

To be honest, DOGE is kind of boring right now.