Technical analysis plays a crucial role in the cryptocurrency market, especially for investors involved in futures trading. So what does technical analysis tell us about Dogecoin, which is currently trading at $0.08285? Let’s delve into a detailed chart analysis, important support and resistance levels.

Four-Hour Chart Analysis of Dogecoin

Dogecoin의 4시간 차트 분석

The first notable formation in the four-hour chart analysis of Dogecoin is the ascending channel pattern. After the drop on November 13, this structure formed when DOGE fell below the support line and acted as a bear trap, aiming to push investors in the futures market out of the game. Despite experiencing a significant rise after this formation, DOGE experienced a decline after touching the resistance line. However, it gained momentum within the past day after consolidating strength at the support level.

The important support levels to watch for DOGE are as follows: $0.08200, $0.07933, and $0.07629. If a four-hour candle closes below the crucial level of $0.07933, it will lead to a significant loss of momentum for DOGE.

DOGE를 주목해야 할 중요한 지원 수준은 $0.08200, $0.07933 및 $0.07629입니다. 4시간 캔들이 중요한 수준인 $0.07933 아래로 마감되면 DOGE의 모멘텀이 크게 상실될 것입니다.

The important resistance levels to watch for DOGE are as follows: $0.08391, $0.08752, and $0.09028. If a four-hour candle closes above the critical level of $0.08752, it will help DOGE break through the resistance and gain upward momentum.

Two-Hour Chart Analysis of Dogecoin

Dogecoin의 2시간 차트 분석

Due to the high volatility of short-term movements in the two-hour chart analysis of Dogecoin, we cannot discuss a healthy formation structure. However, the upcoming resistance breakout is of great importance for DOGE, as it weakened the upward momentum after encountering a significant obstacle during the recent rally and forming a double bottom at the support level.

The support levels to watch for DOGE are as follows: $0.07933, $0.07632, and $0.07245. If a candle closes below the important support level of $0.07933, it will result in a loss of momentum for DOGE.

The resistance levels to watch for DOGE are as follows: $0.08410 and $0.08761. If a candle closes above the significant obstacle at $0.08761, it will enable DOGE to gain momentum.

DOGE를 관찰할 저항 수준은 $0.08410 및 $0.08761입니다. 양초가 $0.08761의 중요한 장애물 위에서 닫히면 DOGE가 추진력을 얻을 수 있습니다.

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