DOGEJPY Market Overview: Strong Rally Amid Divergence and Volatility
Generado por agente de IAAinvest Crypto Technical Radar
sábado, 13 de septiembre de 2025, 1:58 pm ET2 min de lectura
DOGE--
The 24-hour chart displayed a strong bullish reversal, with price breaking above a key resistance level of ¥40.10 following a bullish engulfing pattern. Price action then extended to ¥45.39 before consolidating near ¥43.80. A potential descending triangle formation is visible in the upper range, with ¥43.0–43.5 acting as support and ¥44.5–45.0 as resistance. A bearish harami pattern emerged near ¥44.40, suggesting a possible short-term correction after the sharp advance.
On the 15-minute chart, price remains well above the 20-period and 50-period SMAs, with the 50-period SMA acting as a dynamic support at ¥41.60. On the daily chart, the 50-period SMA sits at ¥38.50, with the 200-period SMA at ¥35.90. Price is now comfortably above all major moving averages, reinforcing a strong short-to-medium-term bullish bias.
The RSI approached overbought territory (80), reaching a peak of 79.6 before retreating, signaling potential exhaustion of the current bullish move. MACD showed a positive divergence during the consolidation phase, with the histogram expanding on rising volume. While these indicators confirm strength, the overbought RSI suggests a short-term pullback could be imminent. A bearish crossover in the MACD could trigger a retest of ¥43.0–43.5.
Volatility expanded significantly as price surged from ¥39.04 to ¥45.39, with the upper band widening to ¥44.50. Price currently sits near the middle band at ¥43.80, with the lower band at ¥42.40. The expansion of the bands indicates increased market participation and potential for further swings. A retest of the lower band could trigger short-term buying interest.
Volume surged during the breakout phase, with the 15-minute candle at 2025-0913 093000 showing a high of ¥43.20 and volume of 494,237 units. Notional turnover spiked to ¥21,370,666.50 during this period, confirming strong conviction in the rally. However, volume has since declined during the consolidation phase, which could indicate a loss of momentum. A reacceleration in volume could confirm a breakout or breakdown from the current range.
Applying Fibonacci retracements to the recent swing from ¥39.04 to ¥45.39, the 61.8% level sits at ¥42.95 and the 38.2% level at ¥44.05. Price has tested both levels, with a potential continuation of the rally expected if it reclaims ¥44.50. A breakdown below ¥42.95 would trigger a retest of ¥41.60 and ¥40.10, with bearish implications for the near term.
Based on the observed patterns and indicators, a potential backtest strategy could involve entering long positions on a bullish engulfing pattern confirmation, with a stop-loss placed below the low of the engulfing candle. A target could be set at the 61.8% Fibonacci level and the upper Bollinger Band. Alternatively, a short bias could be considered upon RSI overbought divergence and a bearish MACD crossover, with a stop-loss above the recent high. Given the volatility and liquidity observed in this 24-hour window, this strategy would likely benefit from a high time-frame filter and tight risk management.
• DOGEJPY surged to ¥44.40 intraday before consolidating near ¥43.80, indicating strong bullish momentum.
• RSI crossed overbought territory, while MACD showed positive divergence, suggesting potential pullback.
• Volatility expanded with BollingerBINI-- Bands widening, as volume spiked during key breakouts.
• A bullish engulfing pattern formed near ¥40.10, followed by a strong rally to ¥45.39, confirming short-term strength.
• Price remains above key 20-period and 50-period SMAs, reinforcing an uptrend bias for the next 24 hours.
Dogecoin/Yen (DOGEJPY) opened at ¥39.07 on 2025-09-12 12:00 ET and surged to a 24-hour high of ¥45.39 before closing at ¥43.80 at 12:00 ET the following day. The pair traded between ¥39.04 and ¥45.39, with a total volume of 11,894,724 units and a notional turnover of ¥496,573,888.30. This sharp rally was driven by a bullish engulfing pattern and a breakout above the 50-period SMA, but signs of overbought RSI and MACD divergence hint at short-term caution.
Structure & Formations
The 24-hour chart displayed a strong bullish reversal, with price breaking above a key resistance level of ¥40.10 following a bullish engulfing pattern. Price action then extended to ¥45.39 before consolidating near ¥43.80. A potential descending triangle formation is visible in the upper range, with ¥43.0–43.5 acting as support and ¥44.5–45.0 as resistance. A bearish harami pattern emerged near ¥44.40, suggesting a possible short-term correction after the sharp advance.
Moving Averages
On the 15-minute chart, price remains well above the 20-period and 50-period SMAs, with the 50-period SMA acting as a dynamic support at ¥41.60. On the daily chart, the 50-period SMA sits at ¥38.50, with the 200-period SMA at ¥35.90. Price is now comfortably above all major moving averages, reinforcing a strong short-to-medium-term bullish bias.
MACD & RSI
The RSI approached overbought territory (80), reaching a peak of 79.6 before retreating, signaling potential exhaustion of the current bullish move. MACD showed a positive divergence during the consolidation phase, with the histogram expanding on rising volume. While these indicators confirm strength, the overbought RSI suggests a short-term pullback could be imminent. A bearish crossover in the MACD could trigger a retest of ¥43.0–43.5.
Bollinger Bands
Volatility expanded significantly as price surged from ¥39.04 to ¥45.39, with the upper band widening to ¥44.50. Price currently sits near the middle band at ¥43.80, with the lower band at ¥42.40. The expansion of the bands indicates increased market participation and potential for further swings. A retest of the lower band could trigger short-term buying interest.
Volume & Turnover
Volume surged during the breakout phase, with the 15-minute candle at 2025-0913 093000 showing a high of ¥43.20 and volume of 494,237 units. Notional turnover spiked to ¥21,370,666.50 during this period, confirming strong conviction in the rally. However, volume has since declined during the consolidation phase, which could indicate a loss of momentum. A reacceleration in volume could confirm a breakout or breakdown from the current range.
Fibonacci Retracements
Applying Fibonacci retracements to the recent swing from ¥39.04 to ¥45.39, the 61.8% level sits at ¥42.95 and the 38.2% level at ¥44.05. Price has tested both levels, with a potential continuation of the rally expected if it reclaims ¥44.50. A breakdown below ¥42.95 would trigger a retest of ¥41.60 and ¥40.10, with bearish implications for the near term.
Backtest Hypothesis
Based on the observed patterns and indicators, a potential backtest strategy could involve entering long positions on a bullish engulfing pattern confirmation, with a stop-loss placed below the low of the engulfing candle. A target could be set at the 61.8% Fibonacci level and the upper Bollinger Band. Alternatively, a short bias could be considered upon RSI overbought divergence and a bearish MACD crossover, with a stop-loss above the recent high. Given the volatility and liquidity observed in this 24-hour window, this strategy would likely benefit from a high time-frame filter and tight risk management.
Divulgación editorial y transparencia de la IA: Ainvest News utiliza tecnología avanzada de Modelos de Lenguaje Largo (LLM) para sintetizar y analizar datos de mercado en tiempo real. Para garantizar los más altos estándares de integridad, cada artículo se somete a un riguroso proceso de verificación con participación humana.
Mientras la IA asiste en el procesamiento de datos y la redacción inicial, un miembro editorial profesional de Ainvest revisa, verifica y aprueba de forma independiente todo el contenido para garantizar su precisión y cumplimiento con los estándares editoriales de Ainvest Fintech Inc. Esta supervisión humana está diseñada para mitigar las alucinaciones de la IA y garantizar el contexto financiero.
Advertencia sobre inversiones: Este contenido se proporciona únicamente con fines informativos y no constituye asesoramiento profesional de inversión, legal o financiero. Los mercados conllevan riesgos inherentes. Se recomienda a los usuarios que realicen una investigación independiente o consulten a un asesor financiero certificado antes de tomar cualquier decisión. Ainvest Fintech Inc. se exime de toda responsabilidad por las acciones tomadas con base en esta información. ¿Encontró un error? Reportar un problema
Comentarios
Aún no hay comentarios