DOGE has seemed to be invisible during this time

As a long-term investor in DOGE, my current mindset is as volatile as its price movements...

First, let's state the facts:

1. Over the past two months, there have been repeated fluctuations, continuously oscillating within the key range of $0.13-$0.15, and has been unable to effectively break through the strong resistance level of $0.15-$0.16. The overall sentiment of DOGE holders has begun to lean towards 'fear,' and if this continues, it is likely to be accompanied by a wave of careless short positions that will make the price even more difficult.

2. The price of DOGE is primarily driven by community sentiment and social media, rather than solid protocol-level utility. In simple terms, it depends on whether Musk is calling or not, whether POW can gain more positive news on the information level. Any real news that helps DOGE gain application will be the driving force for an increase, but right now it’s all just speculation.

But how to say it, even so, I still hold DOGE and invest regularly in the long term.

I believe DOGE has the strongest and most enduring community consensus and brand recognition in the cryptocurrency space, which has become an asset that is difficult to replicate. Additionally, the potential institutional entry channels like the DOGE spot ETF application (such as Grayscale) should allow this established MEME to have a place in their asset allocation.
Lastly, the long-term narrative of integrating Dogecoin payments on Elon Musk's X platform might just come to fruition one day, and then it will take off; let's buy the expectation.

Thoughts on the future development and price path of DOGE (personal conjecture, you argue your own):

1. Currently, the price of DOGE is compressed within an increasingly narrow triangular range. Once it can break through and stabilize above the resistance zone of $0.15-0.155 with significantly amplified trading volume, it will trigger a large amount of technical buying and short stop-loss orders, aiming for $0.22 above.

2. If the Federal Reserve's monetary policy turns towards clearer interest rate cuts in 2025, after the influx of capital, high-risk assets will definitely be their preference, which may also become a factor in driving prices up.

3. After the ETF is approved, the entrance for compliant institutional funds will open, and the logic for price increases will gradually involve institutional holdings alongside the completely community-driven & celebrity endorsements. Transitioning from 'speculative targets' to 'assets with real circulation scenarios' to support their long-term value fundamentally.

Although I am optimistic, I do not go all in; I only use what I consider a reasonable asset allocation ratio for regular investment in the spot market. The purpose of writing this is purely because during this period, not only in the membership group but also during live broadcasts, too many friends have been asking and worrying, so I write about my thought process to boost the confidence of DOGE holders.

If you don't have it, just enjoy the fun.