“The fireworks in the news cannot stop the sharp knives of the technical side—DOGE's short-term predicament is set, blindly bottom-fishing is like catching blades empty-handed!”

📉 One, News: Good news has run out, reality is stark.

  1. ETF progress 'distant water cannot quench nearby thirst'.
    21Shares' DOGE spot ETF has been accepted by the SEC, but final approval will have to wait untilJanuary 2026, and cannot provide substantial support in the short term. The market previously hyped the concept of 'Trump Administration Efficiency Department (D.O.G.E)', but with no policy implementation in sight, pressure to sell has increased as the heat dissipates.

  2. Institutional entry ≠ pump.
    Despite a large transfer of$20 million to Coinbase in early June, suspected whale buying, the price failed to stabilize above $0.20 and instead broke down, indicating that 'smart money' may be offloading on good news.

📊 Two, Technicals: Bears crushing, downward channel complete.

  1. K-line: High points probe downward step by step, bullish dissipates.

    • The recent 4-hour K-line clearly shows a 'stair-step decline': from 0.23206 → 0.19105, with continuously lowering highs and persistently new lows, no effective rebound.

    • Today's price is struggling around 0.19092, just a step away from the previous low of 0.16778; if it breaks down, it may trigger panic selling.

  2. Bollinger Bands: Opening downward, pressured decline.
    Price continues to be close tothe lower Bollinger Bandrunning, with the middle band direction clearly downward, showing a 'declining acceleration' pattern, and rebound space being suppressed.

  3. MACD death cross confirmed, bearish momentum strengthened.

    • DIFF (0.00209) < DEA (0.00268), histogram (-0.00118) continues to extend, typical 'death cross expansion', downward momentum not exhausted.

    • 4-hour level trading volume shrinks, 'volume-less decline' indicates bulls giving up resistance.

When the market shouts 'buy the dip' louder, it's even more important to hold tight—DOGE's 'golden pit' is not when the sharp knife falls, but when the bears exhaust their strength! Focus on Big D, professional trend analysis, guiding you to precisely target the 'explosive rebound' entry point!
$DOGE #DOGE