$DOGE ‌🐶 DOGE/USDT Market Analysis — 1H Technical Breakdown

The market for DOGE is showing a short-term correction after a strong upward swing earlier this week.
Currently trading near 0.1723 USDT, DOGE has dropped about 7% in the last 24 hours, hinting at bearish sentiment in the short term.

📉 Key Observations:

Resistance: 0.1870

Support: 0.1700

24h Volume: 1.93B DOGE

RSI (14): 28.6 → approaching oversold territory

KDJ: Indicates weak momentum and possible near-term consolidation

The RSI below 30 signals potential for a short-term rebound, but volume remains moderate, suggesting traders are still cautious.

🔍 Multi-Timeframe Insight:

1H Chart: Bearish continuation, testing support at 0.1700

4H Chart: Price nearing the lower Bollinger Band — possible short-term bounce

1D Chart: Consolidation phase forming between 0.17 and 0.19

🔮 Future Prediction (Short-Term Outlook)

If DOGE holds above 0.1700, we could see a technical rebound toward 0.1780–0.1820 in the next few sessions.
However, if it breaks below 0.1700, the next support lies near 0.1620.

⚙️ Forecast Refinement (Methods Used)

RSI & KDJ: Oversold bounce expected soon

Moving Averages (MA10/MA30): Still bearish cross — recovery may take time

Volume Analysis: Watch for a volume spike; it could confirm a reversal

💬 In summary: DOGE is cooling off after its recent rally. Watch the 0.17 support zone carefully — a bounce could lead to short-term upside, but a breakdown may trigger another leg down.