My people, keep an eye on the chart because the most famous dog in the crypto world just broke the floor and things have turned serious! 📉 If you thought Dogecoin was going to take off just because of the hype, reality just gave us a cold shower: while the overall market rose a bit, DOGE went down by 0.64%, and here’s why this movement is no trivial matter.

If we look at the Trader Tardigrade chart, the situation is textbook. What we call a "Bearish Rising Wedge" has formed, which is basically a trap where the price rises without strength until, boom!, it crashes below. As you can see in the image, the "Breakdown" occurred just below $0.128, which was our life or death support. Right now, the path seems marked with a giant red arrow pointing towards $0.12, and if we don’t recover $0.133 before December 26, the bearish structure is fully confirmed. 📉🛑

But why is this happening if we even have an ETF in the U.S.? This is where things get serious:

  • The ETF wasn't the boom we expected: Although it was launched with great fanfare, institutions only invested $2.16 million in the first week. To give you an idea, that is "small change" for the big players on Wall Street. It seems that the big guys still don't have faith in the meme. 🏦🚫

  • Fear rules the street: The "Fear & Greed" index is at 28 (Pure Fear). When people are scared, they dump the meme coins and take refuge in Bitcoin, which currently dominates almost 60% of the market.

  • The whales are holding: The only thing that gives us a breather is that the holders at heart (those who won't let go for anything) bought 480 million DOGE last week. There is an internal fight between those who believe this is sinking and those who are taking advantage of the "great deal". 🐋💎

The key now is to see what the "Boss" Bitcoin does. If BTC breaks its support at $87,000, get ready, because DOGE could go looking for $0.112 faster than a rooster can crow. We are in a zone where any false move sends us to the basement or gives us the bounce of hope. 🎢

What do you say, family? Is this the moment to "buy cheap" trusting in the whales, or has the little dog run out of gas and we have to watch the bulls from the sidelines for a while? 🤨🤔$DOGE