Binance DOGEUSDT 15m Trend Prediction

Within the 15-minute timeframe of DOGEUSDT, all technical indicators display a clear bearish trend. The lower band of the Bollinger Bands has approached, yet there are no signs of price stabilization, indicating strong short-term downward momentum. Furthermore, the Bollinger Band width is still reasonably ample; if capital continues to flow out, the bandwidth may widen further, exerting additional pressure on the price. The MACD indicator shows negative values with a clear downward divergence. From the 15-minute candlestick structure, short-term rebounds failed to form effective golden crosses, implying that the downward inertia persists and there is no evident bottom divergence in the cycle. Coupled with the moving averages MA5/10/20 being below MA50/200, the short-term structure is weakening. The RSI6 and RSI14 are only 43.02 and 34.22 respectively, with RSI12 even lower at 33.55, reflecting sustained oversold pressure. The probability of further weakness after a weak rebound increases. In conjunction with DMI and ADX signals, the bearish trend is very apparent. The DMI- is significantly high and dominant, while ADX remains above 37, indicating a strong trending market, typically associated with a rapid unilateral decline. Although the long position holdings continue to surge, most are due to passive liquidations or new positions added at lower prices, not buy-side absorption. The market is losing buying support and instead experiencing more selling pressure as prices fall—this is a typical bearish trap scenario. Trading volume has not shown panic reduction, further indicating that large traders' offloading has not concluded. Support levels are at 0.250. A breakdown below this may test S2 (0.23992). The scope for short-term rebounds is limited. Overhead resistance is heavy, with initial resistance at 0.255 and strong resistance at 0.262. It is forecasted that in the next 15-minute cycle, DOGEUSDT will target between 0.250 and 0.255. In summary, it is recommended to avoid chasing long positions in short-term trading and instead focus on breakouts below support. If rebounds are weak, caution should be exercised before entering. Stop-losses must be set. A confirmed break below the 0.250 support may trigger accelerated further declines.