Dogecoin (DOGE) is quietly experiencing changes in market conditions after a significant drop. Although the price has retreated from its highs, leading to some short-term selling, the current trend appears more like a "stabilization" rather than a continued decline.

Currently, the price of Dogecoin is around $0.132, with a slight rebound in the last day. Previously, the price fell from around $0.136 and briefly dipped below $0.124, flushing out panic and stop-loss orders before quickly rebounding. Subsequently, the price has been consistently raising its lows around $0.126, indicating that there are buyers willing to step in at higher levels.

At present, the key short-term levels are between $0.128 and $0.130. If the price can successfully break through and stabilize here, there is a chance for a continued rebound in the short term, potentially targeting $0.135 or even $0.14. However, if it struggles to break through, the price may decline again and test support near $0.12.

From the indicators, the strength of the decline is weakening. Although the price hasn't surged significantly, the selling pressure has clearly diminished, indicating that the selling pressure is slowly dissipating. This situation usually appears at a stage where the market is about to change.

Overall, Dogecoin has shown signs of stabilization after a sharp decline, but whether it truly initiates a rebound will depend on breaking the key level of $0.13. Until confirmation, the trend remains somewhat volatile, requiring patient observation.