#美SEC促进加密资产创新监管框架 December 6 Observation

I took a look at DOGE’s hourly chart, and the trend is quite interesting. First, there was a big bearish candlestick that dropped straight to 0.13712, and after that, it’s been hovering at the bottom, oscillating with small bullish and bearish candles. Note that the rebound hasn’t shown any consecutive strong bullish candles, which means the bulls are actually pretty weak this round—it’s just a reflexive bounce after being oversold, lacking momentum.

Now the price is hovering around 0.140, down almost 5% on the day. The price is stuck at the middle Bollinger Band, with the upper band pressing down and the lower band holding steady. Overall, bears are still in control, but it’s entered a technical correction phase.

Indicators are a bit mixed: the J value of KDJ has already soared beyond the overbought zone, so this rebound’s strength is basically exhausted and could reverse at any time; although the K and D lines just made a bullish crossover, they’ll likely follow the J line and pull back. The MACD bars are still below the zero line, but the DIF is about to cross above the DEA, which would theoretically be a weak rebound signal, but the values are all close to zero, indicating bulls and bears are at a stalemate here.

My judgment: This hourly cycle is a textbook case of “sharp drop → oversold bounce → overbought pullback.” KDJ overbought signals the rebound is nearly done; if it can’t break through the middle band resistance, it’ll likely go back to test previous lows for support.

Trading idea for reference: If it pulls back to the 0.1388–0.1361 range, consider a small long position, targeting around 0.1419–0.1431. Personal view, not investment advice—trade at your own risk!

$DOGE