Recently, the DOGE cryptocurrency market has shown a trend that worries investors. As of September 9, the price trend of DOGE has displayed obvious signs of weakness, and the previous rise seems to have lost momentum.

From a technical analysis perspective, a concerning 'double top' pattern is forming on the daily chart. More notably, during the rebound over the last three trading days, the trading volume has been continuously shrinking, which is undoubtedly a clear signal that the bullish momentum is gradually exhausting.

In-depth observation of key price positions reveals that the range of 0.250 to 0.255 has formed a strong resistance zone. The DOGE price has encountered strong selling pressure after multiple touches in this area, forcing it to retreat. After three tests, the importance of this resistance level can no longer be ignored.

In contrast, the support area below appears to be relatively weak. The range from 0.235 to 0.240 did not show sufficient appeal during the previous rebound, as it neither triggered a significant increase in trading volume nor provided strong support for the price. This loose support structure is likely to struggle against potential pullback pressure.

Considering the current technological landscape, changes in trading volume, and the performance of key price levels, the DOGE market seems to be leaning towards bearish. For traders looking to participate, establishing short positions around 0.244 to 0.250 may be a strategy worth considering, while setting a target price around 0.220.

However, the cryptocurrency market is ever-changing, and investors must remain vigilant at all times, closely monitor market trends, and implement strict risk management measures. Whether you are a new trader or an experienced investor, caution and rationality are always the keys to success in this uncertain market environment.