Strange things are happening with DOGE! The MACD on the one-hour chart has formed a golden cross below the zero line, seemingly indicating a rise, but the price has been steadily declining. Even more bizarre is that the 24-hour trading volume has reached $1.38 billion; who is buying? Who is selling? Is the main force quietly offloading? The I Ching will help you uncover the truth behind the data!

News:

DOGE remains in the top ten by market capitalization, with a 24-hour trading volume accounting for 7% of the market cap, indicating that funds are still active. However, 'high trading volume + price decline' is often a sign that the main force is selling off in batches—don't be fooled by the surface commotion! Recently, market sentiment has been cold, and trading volume hasn't increased; retail investors alone can't support a major surge.

Technical analysis:

The 1-hour chart shows: MACD has a golden cross below the zero line, seeming like a rebound, but there is heavy pressure above—0.12983 is the first barrier, and 0.13265 is a strong resistance zone. Below, 0.12697 is the dividing line between bulls and bears; if it breaks, 0.12381 and 0.12114 may not hold and could be directly smashed through!

Zhouyi's view:
DOGE may have a weak short-term rebound, but the trend remains bearish! It is recommended to short in batches in the range of 0.12983–0.13265, with initial support seen at 0.12697–0.12381. If it breaks down with volume below 0.12697, the next target will be near 0.12114!

Player suggestions:

For those with coins: reduce positions if it rebounds above 0.13, don't be greedy!

For those wanting to operate with no positions: try shorting lightly near 0.12983–0.13265, set a stop loss at 0.1335.

For those looking to bet on a rebound: wait until near 0.12381 to consider, quick in and out!

Why is DOGE's trading volume huge yet it doesn't rise? Tonight, I will analyze the main wallet movements with on-chain data in the village and reveal the next potential explosive 'meme coin.' If you want to lay out early and avoid traps, hurry up and follow Zhouyi, join Zhouyi Village, and let logic guide you through the bull and bear markets!#加密市场观察