DOGE at $0.077, dare you still buy it?



An "old friend" that countless people love and hate—DOGE.

I know exactly how you feel. You open your account and see $0.077—compared to last year's high, it's downright miserable. No one's talking in the group chat, and all the "to the moon" shouts on Twitter have vanished. Can this thing ever bounce back?

First thing: Musk has stopped calling out—how much faith do you have left?

Let's be honest—the biggest problem with DOGE this cycle is that the narrative has fizzled out.

Before, one Musk tweet could pump it 20%. Now? The SpaceX "to the moon next year" meme is stale, the McDonald's accepting DOGE joke is repeated ad nauseam—the market has long stopped buying it.

Why? Because the boy who cried wolf too many times—people stop believing.

Second thing: The technicals are telling you a secret—history is repeating

The monthly RSI is in its deepest oversold territory in 13 years. What does that mean? The last time this signal appeared, DOGE surged 8000% in the following six months.

I didn't misspell—that's 8000%.

The price is forming a bottom between 0.070-0.072, with volume gradually increasing and small bullish candles appearing. The 0.07 level has been tested three times and held—that's no coincidence.

Third thing: The only thing worth being optimistic about—the macro environment is finally helping

The US June employment data collapsed, with only 57k new jobs added—far below expectations.

What does that mean? Rate cuts are coming.

With the interest rate at 3.75% for so long, the July 29 meeting will likely signal a loosening. Once liquidity is released, all risk assets will rally, and DOGE as a high-beta asset—goes up harder than BTC when rising, but also falls harder when dropping.

Macro tailwinds + extreme oversold conditions + 0.07 iron bottom + sentiment at freezing point = rebound window opening.

Bulls vs. bears, you decide

On one side:

- Monthly RSI in deepest oversold in history (once in 13 years)
- 0.07 triple bottom held, bottom structure emerging
- Macro rate cut expectations heating up, liquidity turning point
- Spot ETFs providing compliant access

On the other:

- Musk effect diminished by 80%
- Inflationary model, unlimited supply
- ETF inflows far below BTC/ETH, even outflows
- Community hype drying up, competition intensifying
- Still 88% to go to ATH

Key levels

Resistance above: 0.080-0.085 → 0.10 (celebration zone)

Support below: 0.070-0.072 → 0.060 → 0.055 (golden pit)

Short-term players:

Go lightly long at 0.072-0.074, stop loss at 0.068, target 0.080-0.085. If it breaks 0.085, chase and look at 0.10.

Long-term believers:

DCA small amounts below 0.070, treat it like a lottery ticket. Keep position within 10% of total crypto holdings—don't let it affect your sleep. Take 30% profit at 0.10-0.12, and more above 0.15.

DOGE can only be your "entertainment position" in your portfolio, not your "comeback story."

Are you waiting for Musk to tweet? He's already moved on.

Are you waiting for ETFs to buy heavily? Institutions don't care.

What you're waiting for is thousands of other retail investors trapped alongside you, waiting for another retail investor to buy in.

The biggest tragedy of this bull run isn't that you lost money.

It's that you bet your once-in-a-lifetime wealth opportunity on a "dog."

But then again—if you don't dare to buy DOGE at 0.07, then what right do you have to say you believed in it?#gStocks代币化股票上线 #非农爆冷打压加息预期 #ETH突破1700 $BTC $ETH $DOGE
BTC1.30%
ETH3.10%
DOGE2.66%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned