Core Viewpoint - Following the Federal Reserve's latest interest rate decision, Dogecoin has broken a critical technical level, with increased trading volume confirming a dominant bearish sentiment in the short term [2][3]. Market Background - On Tuesday, Dogecoin fell by 5% due to the Federal Reserve's decision to cut rates by 25 basis points and cautious forward guidance. Despite the target rate being lowered to 3.5% to 3.75%, internal disagreements among policymakers regarding further easing have dampened risk appetite for digital assets [3][5]. - The meme coin has underperformed during the overall market pullback, particularly as traders reduced their positions after recent consolidation near resistance levels. This movement appears to be influenced more by positioning and macro market sentiment rather than the fundamental factors of the token itself [3]. Technical Analysis - Dogecoin decisively broke below the $0.1310 consolidation area, which had previously acted as short-term support during recent range-bound trading. Once this level was lost, selling intensified, confirming a complete price breakdown rather than a temporary liquidity flush [4][5]. - During the decline, trading volume surged to 769.4 million tokens, significantly above recent averages, indicating that the drop was driven by active selling rather than a lack of liquidity. The price formed a lower high around $0.1324 before retreating, further reinforcing the bearish structure for the day [7]. Price Movement Summary - Dogecoin's trading price fell from $0.1315 to a session low near $0.1266 before stabilizing. Buyers entered at lower levels, pushing the price slightly back up to around $0.1291, but the rebound was accompanied by weakening volume, and the price remained below key moving averages [8]. - Overnight trading showed continued pressure, with Dogecoin trading from $0.1320 down to $0.1314, indicating that sellers remained active during the rebound [8]. Key Levels for Traders - The $0.1310 to $0.1315 area currently constitutes direct resistance. As long as Dogecoin's price remains below this range, any upward movement will be viewed as a correction rather than a confirmation of a trend [9]. - A critical level to watch is $0.1290. If this level is breached, the support area at $0.1266 may come back into play. Conversely, if Dogecoin can hold above $0.1290, it may consolidate before the next move [9]. - Volume trends remain crucial. High volume during a downtrend will confirm further distribution, while declining volume near support levels may indicate a reduction in selling pressure [9].
狗狗币突然结束横盘!关键价位惊现“巨鲸抛售墙”,是最后洗盘还是崩盘倒计时?
Sou Hu Cai Jing·2025-12-17 07:30