According to cryptocurrency analyst MyCryptoParadise, Dogecoin's recent price rebound may be short-lived. Although the market has recovered somewhat, Dogecoin has failed to break through the key resistance level and remains below the downward trendline, indicating structural weakness. Currently, the price is fluctuating within the 1-hour supply zone, with buying volume stabilizing, suggesting that large holders are selling off. A key bearish signal is that Dogecoin is still below the upper band trigger line of the buying climax, indicating oversupply. The support level is at $0.09, and a break below this support could lead the price to drop to $0.08030. To achieve a bullish reversal, Dogecoin must break through $0.10875 with strong momentum.
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According to cryptocurrency analyst MyCryptoParadise, Dogecoin's recent price rebound may be short-lived. Although the market has recovered somewhat, Dogecoin has failed to break through the key resistance level and remains below the downward trendline, indicating structural weakness. Currently, the price is fluctuating within the 1-hour supply zone, with buying volume stabilizing, suggesting that large holders are selling off. A key bearish signal is that Dogecoin is still below the upper band trigger line of the buying climax, indicating oversupply. The support level is at $0.09, and a break below this support could lead the price to drop to $0.08030. To achieve a bullish reversal, Dogecoin must break through $0.10875 with strong momentum.