DOGE's recent market movement确实带有一些“bearish”迹象。Looking at the one-hour candlestick chart, the price has been plunging, and the MACD double lines are dead-crossing below the zero axis. Such signals are usually not false alarms. If you still hold DOGE positions in your account, you might feel a bit passive now. But don’t panic; we can analyze this correction from a technical perspective.

**How deep is the current decline?**

The data over different timeframes makes this clear. Over the past 30 days, DOGE has depreciated by 16%. Extending to a 90-day period, the decline doubles to 42%. Today’s intraday chart still shows a slow downward trend, indicating that the short-term bulls have little strength left to mount a rebound. Technically, resistance levels are set at the 0.13300 and 0.13600 nodes, but currently, even the 0.13 line isn’t holding. Imagine how difficult a rebound would be.

An easily overlooked detail here is that—while the price is falling—the trading volume is noticeably shrinking. The market’s selling pressure is decreasing; even as the price declines, no one is frantically cutting losses at the lows. This signal is worth noting: decreasing volume often hints that a short-term bottom may be near.

**Where are the key buy and sell points?**

A rebound might face two resistance levels. If the short-term rally reaches around 0.13300 or 0.13600, it’s time to consider taking profits or reversing to short rather than chasing higher. These levels are often traps for false signals, requiring rational judgment.

Looking down at support levels, the first line of defense in the short term is in the 0.12940 to 0.12640 zone. A technical rebound could occur here, and risk-tolerant traders might test a short-term opportunity with light positions. But the more critical bottom-line support is around 0.12360. If this level is broken, subsequent declines could challenge even lower levels below 0.12.

**How to respond to this situation?**

A decline accompanied by shrinking volume and a MACD dead-cross usually indicates that the market still has room to adjust, but it also creates conditions for a rebound. For holders, observing whether there’s a volume increase on support levels can serve as a reference for trend reversal. For traders looking to bottom fish, don’t rush into full positions; it’s often better to enter in stages during such declines, making risk and costs more manageable.