Today, I, Shen Wansan, will speak frankly: the performance of Dogecoin dropping to the $0.13-0.14 range is completely within my expectations. After the crazy speculation at the beginning of the year, it was only a matter of time before the market cooled down—those golden opportunities for quick profits were already divided up back when the "narrative peak" occurred. Now, what remains is mainly the major players unloading and retail investors cutting losses.
Don’t talk to me about changes in fundamentals; the essence of Dogecoin has never changed—it doesn’t rely on technological implementation, nor on ecological applications; it purely survives on emotions, trends, and traffic. Community celebrations, meme spam, and riding on hot topics are its core fuel. When the engine stalls, the price can only drift with the tide; when the engine roars back to life one day, it can surge faster than anyone else—but right now, the fire is clearly not lit yet.
From a technical perspective, the $0.13 level is crucial. It has held firm multiple times before; if it truly breaks down, we can look bearish directly to the $0.10 area. What about upwards? Each time it tests $0.15-0.16, it gets crushed by bears, indicating that the selling pressure above has not been digested yet. Given the current situation, I absolutely will not chase in—it's purely a "wait-and-see mode." Either it stabilizes here and regains critical levels to discuss opportunities, or it continues to slide, completely dispelling retail investors' fantasies.
Dogecoin will never truly "die"; it always manages to make a comeback. But the question is—can you wait? The current situation is not about faith; it's about timing. I advise everyone not to rush to bottom fish; let’s see how it chooses its direction first. After all, in the crypto space, lasting longer is much more important than making quick profits. Are you the one who waits for the wind to come? When to position yourself, Shen Wansan will announce it in the village; come to the banquet at Shen Wansan Village to see!
