DOGE Political Analysis November 30

Market and Core Patterns: Recently, the technical structure of DOGE has continued to deteriorate, with the price falling from $0.161 to $0.153, a decline of 5%, and it has broken below the ascending channel and the long-term upward trend line that had supported it for many months. However, a clear descending wedge pattern has formed on the 12-hour chart, which, if it breaks upward, often suggests a strong rebound. Currently, it is consolidating in the range of $0.1534 - $0.1537, with a previous attempt to rebound to $0.155 failing, forming a lower high, indicating weak short-term rebound momentum.
Key technical indicators: The hourly MACD is gradually weakening in the bullish zone, but the RSI indicator shows a bullish divergence, indicating that although the overall structure is weak, the bearish momentum is slowing down. In addition, the trading volume surged to 1.264 billion tokens during the price decline, which is 168% higher than the average level and led by institutional funds. This phenomenon indicates that this decline is a structural sell-off rather than a speculative sell-off by retail investors.
Key Support and Resistance Levels
Support level: $0.1520 is the current key support level, which has held twice in the past 48 hours; if it fails, it will likely drop to the new liquidity range of $0.1495 - $0.1478, and further may test the support area of $0.12 - $0.13 at the lower boundary of the descending wedge.
Resistance level: The short-term resistance level is in the range of 0.155 - 0.1565 USD; after breaking through, it is necessary to conquer the key range of 0.159 - 0.160 USD, the recovery of which is crucial to preventing further deterioration of the trend. If the upper boundary of the descending wedge can be broken, there is hope for a subsequent push towards the target of 0.27 USD.
Market Prediction: In the short term, it is in a critical support level game stage. If it can hold above 0.1520 USD and break through the upper boundary of the descending wedge, it may trigger a significant rise of 80% - 90%, targeting around 0.27 USD; if it breaks below the 0.1520 USD support level, it will reopen the downward channel, and it may subsequently test 0.15 USD or even 0.12 USD. Moreover, its trend is greatly influenced by institutional capital flow, and in the case of insufficient ETF capital inflow, the technical weakness may further dominate the price movement. #成长值抽奖赢iPhone17和周边