This round of the market feels like riding a roller coaster—those with weak hearts really can’t handle it. Dogecoin has been especially dramatic lately, testing the $0.20 mark three or four times, looking like it’s about to take off every time, only to crash back down to $0.18 moments later. How many people have been staring at their screens until their eyes go dry? Buy and it drops, sell and it pumps—who wrote this script? It seems designed to humble everyone.

After five years in crypto, having survived two bull and bear cycles, I have to say something from the heart: DOGE’s current deadlock at $0.20 is no mystery—it’s a blatant battle of positions. Some people are already quietly cashing out while others are still clueless.

Why is the $0.20 mark so damn tricky? Just look at the on-chain data—it’s exactly where last year’s big money holders have their cost basis. In other words, they bought in at this price, and now every time DOGE approaches $0.20, they start aggressively offloading and taking profits. Each time the price nudges upward, selling pressure spikes over 30%, instantly knocking DOGE back down to hover around $0.17. This resistance is harder than a wall.

Check out the trading action: as soon as DOGE gets close to $0.20, trading volume explodes. On the surface, it looks like a fierce battle between bulls and bears, but in reality, it’s newbies FOMOing in at the top while seasoned players quietly exit. This playbook has been used more than once, and those who can’t see through it will just keep getting burned.