Agreed

DOGE's current situation is indeed quite contradictory.

Look at the on-chain data—the reserve risk indicators have all dropped into the green zone. What does that mean? It means those old holders who stubbornly cling to their coins have accumulated opportunity costs that make the current price of this coin seem ridiculously cheap. Looking back at history: during the major bottom in 2019 and the bottoming out in mid-2023, the indicators were similarly positioned. And then what happened? One increased 60 times, and the other tripled in three months.

But the technical charts are not so optimistic.

The ascending channel that started in 2021 has a lower boundary at 0.07 and an upper boundary at 1.3, pretty spacious, right? The problem is that the price has already broken through the two-year moving average, and it can’t hold the midline at 0.27. Now only the last defense line at 0.15 is left. If that goes too, heading straight for 0.07 is not impossible.

So this is the current situation: long-term holders are voting with their feet saying "I believe", while the price trend is saying "I'm panicking". Reserve risk tells you this is a historically significant undervaluation area, yet the candlestick chart is drawing a standard descending channel.

This sense of tearing could either be a bottom fishing opportunity (, referring to the violent rebound after the previous two green zone signals ), or it could be a technical breakdown that triggers a sell-off. At the position of 0.15, both bulls and bears are expected to fight to the end. Anyway, the data is laid out here, which one to trust depends entirely on your own judgment.