Volume oscillator is approaching a low not seen since 30th May, while Chaikin oscillator I just crossed zero, a bullish sign. Frequently the Chaikin oscillator loses momentum shortly after a zero cross, so the cross in itself is not proof of a reversal. A reversal of the volume oscillator from these low levels could be bullish, but I’m not seeing that yet.
Look at the Chaikin indicator, poised above zero to cross it soon. This is a bearish sign. It may fake out slightly and avoid the inevitable, but a bullish reversal here require the Chaikin to start climbing away from zero, not slowly crawling towards it
Doge has not reversed the downtrend and is accelerating downward. It has failed to find support outside of the red regression zone, which is 2 standard deviations below the baseline at the bottom edge.
The volume bars in the middle can be seen to drop off sharply after the recent pump and never recover. This is reflected at the bottom of the graph on the MACD histogram, which shows some green signals but none anywhere near as large as the ones when the pump happened
The short term rally caused a brief change of direction, but the price never broke long term down trends and continues downward.
Do not buy while the bearish trend is continuing, unless you are willing to hold until the trend has reversed and the price has returned, which could be a long time.