Currently, Dogecoin (**DOGE**) is oscillating around **$0.13** after experiencing a significant pullback. Short-term sentiment is cautious, but the medium to long-term game remains very intense, especially as institutional funds start to selectively focus on this 'vintage meme coin.'
1. Market Background: Overall risk assets are 'de-bubbling'
- Bitcoin and mainstream altcoins have collectively pulled back recently, risk appetite has cooled, and the meme coin sector has retraced previous gains, with DOGE weakening in tandem.
- Capital preference is gradually flowing back from high Beta meme coins to Bitcoin and top market cap assets, with speculative directions under short-term pressure.