Dogecoin closed at its annual low, will it rebound? This is a question worth pondering.

Almost all spot traders in the circle hold DOGE, but this round of market performance has indeed been disappointing. As an emotional coin, its performance is often linked to popularity—currently, the hype has clearly declined, so there’s naturally no talk of empowerment.

A deeper issue lies in market liquidity. Mainstream coins are hitting new lows—what does this mean? Incremental funds have long dried up. New funds are hesitant to enter, while old funds are fleeing. In this situation, trying to manipulate the market is both difficult and powerless—without genuine buy support, relying solely on dumping will lead to a rapid decline.

However, there is a detail worth noting recently. After this round of correction touched the weekly support level, on-chain data shows that a whale has been accumulating around . The entry of this large holder at least signals one thing: current prices are attracting some funds willing to buy. Whether the price can hold above the key level of 0.15 in the short term will determine the subsequent pace—this is the critical point to observe for the next step.