DOGE has fallen below key support, will the RSI oversold rebound? These key levels must be closely monitored.

[Coin World] DOGE's performance in the last 4 hours has been a bit disappointing.

After looking at the technical aspects, the price has directly fallen below the previous low, with a large bearish candlestick hitting the market, and the closing price hasn't even held the opening price. What's worse is that the trading volume has actually increased - a typical case of divergence between volume and price, with selling pressure clearly accumulating.

The MACD has already crossed bearishly, and the histogram has just turned from positive to negative; the bears are quite strong in this wave. Although the KDJ has formed a dead cross around 79, it is still in a neutral area and hasn't reached extreme oversold levels. However, the RSI has already fallen below 30, which technically indicates that it has indeed reached an oversold area that may lead to a rebound.

The market is currently in a volatile downward trend, with a short-term focus on these several positions:

Support Level: Around 0.1428 is a strong support recently, and further down is 0.13717 (which is also the first buying point). Resistance level: 0.1555 is the pressure above, and after breaking through, look at 0.15589

If you want to buy the dip, you can do it in two steps: buy a portion at 0.13717, and add more when it rebounds to 0.1428; set a strict stop loss below 0.13717. Conversely, if you want to short, you can try around 0.15589, with a stop loss above 0.15589.

The current position is a bit awkward; although the RSI is oversold, the MACD is still moving downwards. It is recommended to wait for a clear signal before taking action.