Binance DOGEUSDT 1h Trend Prediction

DOGEUSDT has exhibited a downward trend in recent movements, facing significant bearish signals from the MACD indicator, and may continue to decline toward support levels in the short term. The current RSI indicator is not yet in the oversold zone but is below 35, further strengthening the bearish outlook and indicating a lack of upward momentum for short-term rebounds. On the Bollinger Bands, the price is near the lower band with a relatively low percent_b, indicating a high likelihood of downward pressure in a bearish environment. Trading volume, although relatively high, is mainly concentrated on sell orders, with the funding rate being negative, implying that bears have a dominant position and market sentiment is pessimistic. Overall, the bullish and bearish indicators suggest that while the inflow of bulls is substantial, the price has not been able to rise significantly, confirming weak rebound strength; it is advisable to wait for market correction. The support level S1 is at 0.15146; if the downward momentum persists, the price may test this support, which also represents a short-term low point of focus for volatility.