2026-01-08 16:28:15

DOGE's recent trend has left many people feeling a bit helpless. From a technical perspective, this wave of decline indeed appears quite fierce—RSI has dropped to an extreme of 16. According to conventional logic, this should be a signal for a rebound, but there is no strong support, indicating that the market's bottom consensus has not yet formed.

Looking upward, the short-term moving averages act like a series of pressure ceilings, tightly pressing down on the price. Additionally, the MACD bars are still curled below the zero line, with the length and energy of the green bars indicating that the bears still have room to maneuver. This combination of technical signals suggests that the risk is not insignificant.

The current price is around 0.13946. Waiting for a true bottom rebound at this level might be passive; it’s better to go with the trend. After all, in a clear downtrend, every small rebound is often a good opportunity to short. Instead of betting on a reversal, it’s wiser to respect the current technical pattern and market rhythm.

DOGE-3.07%

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HalfPositionRunner

· 01-11 03:33

This wave of DOGE really leaves no chance, RSI is already at 16 and no one is stepping in --- Honestly, without even a bottom consensus, you want to catch the bottom? I think it still needs to fall further --- The moving averages are holding down so tightly, a rebound is an opportunity for the bears, I choose to follow the trend and go short --- The key level at 0.139 still looks like it needs to be hammered down again, no need to bet on a reversal --- Wait a minute, this technical pattern is still so strong for the bears, I think those rushing to catch the bottom will suffer losses --- MACD hasn't even started to rise yet, why are you thinking of a rebound? Following the rhythm is more stable

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WealthCoffee

· 01-09 20:56

Another fake bottom? RSI breaking below 16 and still so calm, clearly indicating that no one is willing to buy in.

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StrawberryIce

· 01-08 16:58

RSI has dropped to 16 and still no bottom. I really didn't expect this level of volatility. Those betting on a rebound are probably going to suffer losses.

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BlockchainTherapist

· 01-08 16:46

This wave of DOGE really tests the mentality; with RSI at 16, no one is willing to buy in, clearly still need to go lower.

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ShamedApeSeller

· 01-08 16:44

Here comes the technical analysis to cut the leeks again. I think this wave of DOGE is just waiting for a rebound to short-sell the dip and buy the dip.

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