#数字货币市场回调 Recently, I've been keeping an eye on the trend of DOGE. It has fallen nearly 5 points in the past day, but after observing for the past two days, I feel that some subtle changes are happening.

Let's talk about price performance first. In the past 10 hours, DOGE climbed from $0.13468 to $0.13809, and this small rebound is quite interesting—MACD showed a bullish crossover, and the 6-period RSI is also trending upwards. However, don't celebrate too early; looking at the longer term, it still hasn't managed to hold above the 20-day moving average at $0.15, and the long-term moving averages are also pressing down from above, meaning the bearish market pattern hasn't actually changed.

It is worth noting the actions at the institutional level. Franklin Templeton has added DOGE to their crypto index ETF, and the DOGE ETF at Grayscale has also started trading. Traditional financial institutions are beginning to allocate Meme coins, which is quite interesting in itself.

But on-chain data reveals another signal - the activity level of large holders has fallen to the lowest level in two months. These whale holders have clearly become more cautious, and are less willing to significantly increase or adjust their positions in the current environment. Additionally, technical indicators show that the 6-period RSI has surged to 77.27, entering the overbought zone, which may face pullback pressure in the short term.

An analyst mentioned a key level: the support zone at $0.132-$0.133. If it holds, based on historical patterns, there is theoretically significant upside potential. However, some have reminded that it's not just about historical patterns; the current resistance levels and the downtrend are more practical factors to consider.

There are now two distinct viewpoints in the community - the optimists are holding historical charts saying it might take off, while the conservatives are pouring cold water by focusing on the moving average system and capital flow. The market sentiment is complex, and the trends in the coming days should provide a clearer direction.

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