DOGE 4-hour K-line enters a weak consolidation phase. Where are the trading opportunities amidst the intertwining of bulls and bears?

【CryptoWorld】DOGE’s recent 4-hour trend appears somewhat conflicted. Compared to the price at 16:00 on December 19, the price has clearly declined; but compared to 20:00 on December 18, it has rebounded somewhat. However, the latest candlestick pattern is not very optimistic—an engulfing bearish pattern has appeared, with a closing black candle and the closing price falling below the opening price.

Trading volume is also fighting. The trading volume in the past few hours has significantly shrunk and continues to weaken. What does this “rising price with shrinking volume” situation usually indicate? The upward momentum is waning.

What do technical indicators say? The MACD histogram is still in the positive zone, but the bars are gradually shortening, indicating that the bullish strength is clearly dissipating. The KDJ indicator shows no obvious golden or death cross signals, but the KDJ value has already surged to 82, suggesting the market is in an overbought state, and the risk of a rebound top is increasing.

From support and resistance levels, the current range is relatively clear. Recent support is at 0.1214, and resistance is at 0.1349. The 4-hour high touched 0.13682, and the low retreated to 0.12026.

For traders, based on the current technical outlook: consider buying around 0.1214, or a more aggressive entry point at 0.12026; for long positions, set the stop-loss at 0.12026. If looking to short, the sell points can be at 0.13682 or 0.1349, with the short stop-loss set at 0.13682.