#比特币对比代币化黄金 Dogecoin has exhibited a strange phenomenon recently: within two days, a whale scooped up 480 million DOGE, pouring in over $70 million. Logically, with this kind of volume, the price should have surged, right? But after hitting $0.153, the rally fizzled out and the price is now dropping further.

Why is this happening? The answer is simple—the retail investors aren’t following, and selling pressure is too heavy. A few big players accumulating alone can’t sustain the overall trend. Before the market sentiment picks up, no amount of capital inflow will make a difference.

The technicals make it even clearer. DOGE’s short-term momentum has already weakened, and the price has fallen below several key moving averages. On the upside, $0.152 is the first barrier, but to really break out, it needs to get past $0.155. On the downside? The $0.148 level is crucial; if it doesn’t hold, it’s likely to slide to around $0.143 or even $0.140.

The current trend hasn’t reversed yet, and there’s a greater chance it will continue to test support levels. Whether $0.148 can hold is a key dividing line.

What’s the play? At the current price, I really don’t recommend chasing. If you want to enter, wait until it drops to the $0.143-$0.140 range and try small, staggered positions. If you’re already holding, consider trimming some positions if there’s a rebound to around $0.152. No matter if you’re going long or short, set your stop-loss and manage your position size in advance.

Large buy-ins are definitely worth watching, but that doesn’t mean it’s time to turn bullish just yet. Until there’s a clear sign of stabilization in the market and corresponding trading volume, staying on the sidelines is the safest choice. Don’t rush in—wait for clear signals first.