DOGE has shown a somewhat different performance in the past few days after experiencing a sharp fall. Although the price is still far from its peak, those who bought the dip in the short term are also concentrated on exiting, but the trend has gradually stabilized and has not continued to plummet.

The current trading price of DOGE is around $0.132, with a 24-hour increase of about 1.9%. This number may seem insignificant, but it is already a positive signal for the early stages of a rebound.

From the 4-hour candlestick chart, DOGE started to be dumped from around $0.1360, repeatedly falling to the support level, and even briefly breaking below $0.1240—this wave of liquidity cleansing was quite harsh. However, the rebound came quickly, and soon the price formed an increasingly higher bottom sequence around $0.1260. Although the strength of this rebound cannot be described as fierce, the structure has indeed changed, indicating that buy orders are starting to appear at higher levels, which is completely different from the previous continuous falls.

The key to watch next is whether the range of $0.1280-$0.1300 can be broken. Once it stabilizes, the short-term trend can truly turn into a bullish situation, opening up the possibility of an advance towards $0.1350 or even $0.1400. If it is repeatedly blocked here, the price may need to retest the support at $0.1200.

Interestingly, a typical bullish divergence has appeared on the 4-hour chart. The price has been coming down from above $0.1400, but the RSI indicator is forming higher lows instead—this signal usually indicates that the trend may be about to reverse. The trading volume is also speaking: although there is indeed selling pressure, the intensity is clearly diminishing, and the distribution pressure is gradually dissipating rather than strengthening, which adds some conviction to the rebound.