The recent trend of DOGE has really been a downward movement with no bottom in sight. Continuous downward movement, Rebound? Almost none. Those support levels that seemed relatively reliable before are now falling one after another, and the price has already slipped to the position of $0.162.

What does the technical aspect look like? $0.159, this is the last line of defense. If we can't hold this level, then the space below will really open up. Let's look at the $0.17 position, which was previously a support level, but has now turned into resistance - if the price can't rebound, the bears will naturally have more opportunities.

What about the news? Musk has come up with another wave of operations, bringing up the phrase "send DOGE to the moon" again. It sounds quite passionate, but thinking calmly, can this tactic still work? Back in 2021, he could casually say something and DOGE would soar by 30%, but the market has changed significantly since then—funds are on the sidelines, and sentiment is shrinking. It's difficult to truly reverse the downward movement just by shouting.

My judgment is very simple: the hype may create some fluctuations, but it cannot change the overall downward movement.

What should the retail investors do? Here are two ideas:

If the rebound cannot surpass 0.17 USD, you can try to short with a light position, targeting 0.159 or even lower. If it breaks below, then add to the position.

Secondly, if it stabilizes above $0.17 with increased volume, it indicates a shift in short-term sentiment, and short positions should quickly cut losses, or even consider taking a small long position to observe.

The key point to remember is: don't be led by the news, especially with this kind of "old wine in new bottles" hype. It's more reliable to observe how the price reacts than to listen to who is shouting. The market doesn't care about sentiment; it only looks at trends and capital.