Dogecoin has recently dropped by 5%, but the price remains stable at around 0.13 USD. This decline is mainly influenced by the overall cryptocurrency market: the entire market has fallen by about 2.3% in the past 24 hours, with a cumulative decline of nearly 14% this month. The Federal Reserve's third interest rate cut this year was expected to be beneficial for the market, but instead, it has made investors more uncertain, compounded by a sharp decline in tech stocks and the liquidation of $166 million worth of Bitcoin longs, leading to poor market sentiment.

However, the technical aspect of Dogecoin has not completely deteriorated.

Analysts point out that DOGE is currently sitting on a key support level, which is the bottom of a symmetrical triangle pattern. If this support holds, it may welcome a decent rebound, with a chance to push towards 0.20 USD.

From the weekly chart perspective, the price remains stable at a critical position, rekindling hopes for many about whether "Dogecoin can rise to 1 USD" in the future. Some analysts even believe that if the trend fully unfolds, Dogecoin could rise by as much as 600%, though this is a rather optimistic expectation.

In the short term, the key point for DOGE is at the support level of 0.13 USD. If it breaks below, the next target might be 0.1250 USD; if it stabilizes or even rebounds, the next resistance to break through lies in the range of 0.14 to 0.15 USD—breaking through here would truly provide an opportunity to enter an upward trend.

Currently, the performance indicates:

RSI at 51: market sentiment is normal, neither bullish nor bearish.

MACD has shown a bearish signal: short-term pressure may still be present.

In simple terms: Hold above 0.13, a bright future is still possible; break below 0.13, caution is needed in the short term.