【If DOGE is really going to move, this part might be crucial】
Those who are still watching the market in the early hours are basically not here just for the excitement.
These days, DOGE at this position is quite frustrating, hovering at 0.131595, neither going up nor down, reminiscent of the anxiety before Musk's tweets back in the day. The bulls are dominant, with the RSI just crossing the midpoint at 53.8, neither hot nor cold, seemingly building up energy, or waiting for someone to ignite the spark. To be honest, I've seen a lot as an old retail investor—MEME coins have never been about logic; as long as there's a hint of emotion to ignite, they can soar to the rooftop; but if no one strikes the match, they can just hover here until you forget your password.
At this stage, I think there are two possible paths. One is that someone really starts believing in the idea that "DOGE is going to move." For example, a big influencer suddenly shouts out, or on-chain data shows some significant address movements, and if market sentiment follows, the price can easily break through the previous resistance. After all, the bulls' dominance isn’t given for free; once retail confidence gathers, 0.14 or 0.15 can be just a few days away. I've seen this kind of market many times; a single bullish candle can change perspectives, and then the world is filled with jokes about "the dog going to the moon."
To be fair, this coin doesn’t have much logic, but when the emotion comes, logic goes out the window.
But another possibility must also be guarded against—continuing to drag on. The RSI not entering overbought territory indicates that no one has really taken action yet; although the bulls are dominant, the force isn’t strong enough. If the market remains quiet over the next few days and funds continue to shrink, DOGE will likely continue to oscillate in this range, neither going up nor down. The worst-case scenario is this slow boiling frog effect, where it seems like it’s about to rise, but in reality, it only gains two dimes and loses three cents every day, gradually wearing down your patience, and in the end, you get cut at the "I thought it was about to start" halfway up the hill.
So I say I lean bullish, because the trend is indeed leaning that way, but I don’t dare to shout for a trade. What is DOGE? It’s faith, it’s emotion, it’s a gamble on who can hold out longer. You can try a small position, but don’t bet heavily on "it will definitely go up." If it really starts moving, that wave will come particularly fast, so fast that you’ll doubt why you didn’t believe earlier. But if it doesn’t move… then just wait for the next meme, the next trending topic, or the next dog emoji from Musk.
Being bullish doesn’t mean going in without thinking.
Anyway, I’m keeping an eye on it, so don’t sleep too soundly.
If it were you, what would you do now?
