Dogecoin $DOGE currently has a total network ➕ on-chain contract holdings reaching 14.4 billion USD, almost close to its market value, but the price has been hovering around 0.093, indicating that both bulls and bears are waiting and observing. However, I feel a trend reversal is imminent. Dogecoin's daily chart has been oscillating within a range during this period, referencing $BTC and $ETH 's daily charts; Dogecoin's trend seems more like accumulation.

From DOGE's current funding rate, the price hasn't increased much but the leverage is quite high. This kind of inflated position often carries significant risk; if the price dips slightly, it could trigger a chain reaction of liquidations.

Therefore, looking at the overall situation, there might be a potential drop followed by a rally, with a short-term focus on opportunities in the 0.089～0.090 range.
{future}(ETHUSDT)
{future}(BTCUSDT)
{future}(DOGEUSDT)