The recent price movement of DOGE has left many people feeling helpless. From a technical perspective, this decline does appear quite fierce — the RSI has already plummeted to an extreme level of 16, which by conventional logic should signal a rebound, yet there's notably little follow-through, indicating that market consensus on a bottom hasn't formed.

Looking upward, the short-term moving averages act like a series of resistance ceiling levels, pressing tightly above the price. Looking at the MACD, the histogram is still crouching below zero, with the length and momentum of the green bars showing that the bearish side still has strength remaining. This combination of technical factors presents considerable risk.

At the current price near 0.13946, if waiting for a genuine bottom reversal, it's better to go with the flow rather than passively wait. After all, in a clear downtrend, each minor rebound often represents an excellent shorting opportunity. Rather than betting on a reversal, it's wiser to respect the current technical formation and market rhythm.