Recently, frens who have been watching the market may have noticed that the price movement of DOGE has been a bit "weird" these days. The price seems to be held up in the air by an invisible hand, neither going up nor down, and has been moving sideways in what almost looks like a straight line. This kind of movement may appear calm, but it often hides considerable risks—especially at the current position.

From the data, DOGE is currently fluctuating around 0.132 USDT, with a very small range of movement within 24 hours, a maximum of 0.1354, a minimum of 0.1306, and the trading volume is relatively stable. On the technical indicators, the 7-period EMA, although still above the 25-period and 99-period, maintains a bullish arrangement, but the short-term moving averages have started to flatten out, and the MACD is also hovering near the zero line, lacking a clear direction. This sideways movement looks neither like a buildup for an upward attack nor a decisive drop, but rather resembles a "pause of tacit agreement between bulls and bears."

Why is this position considered dangerous? Because the longer it goes sideways, the heavier the accumulated positions become, with both bulls and bears waiting for a breakout signal. Once the price chooses a direction, whether up or down, it could trigger sharp fluctuations, leading to a large number of leveraged positions being forcibly liquidated — what we commonly refer to as "double kill of both bulls and bears." The current seemingly stable trend is very much like "holding back a big move," as the main funds may be waiting for the right moment to wipe out the stop-loss orders on both sides.

Of course, the fundamentals of DOGE are not without support. There have been many recent institutional movements, such as Grayscale and 21Shares launching regulated ETFs, and Coinbase listing perpetual contracts, all of which are broadening the institutional access channels for DOGE. Projects like "House of Doge" are also promoting the implementation of payment scenarios, planning to launch a treasury system and debit cards, attempting to push DOGE from being a "meme coin" to a "utility coin." These developments might be the reason why the price has not significantly dropped—there's always capital supporting it at critical levels.

But the battlefield for meme coins is never lacking in new players. Although the community sentiment is high, the competition is intensifying. Moreover, the technical indicators have faintly signaled a correction, with short-term moving averages flattening out and trading volume not showing significant expansion; the upward momentum seems insufficient.

So, if you have a heavy position, you especially need to be vigilant during this time. Sideways is not a rest, but the calm before the storm. Control your position well, set your stop-loss, and don't get swept away when the direction is chosen. $DOGE ‌#本周宏观聚焦美联储主席人选