DOGE's recent trend has left many people feeling a bit helpless. From a technical perspective, this wave of decline indeed appears quite fierce—RSI has dropped to an extreme of 16. According to conventional logic, this should be a signal for a rebound, but there is no strong support, indicating that the market's bottom consensus has not yet formed.

Looking upward, the short-term moving averages act like a series of pressure ceilings, tightly pressing down on the price. Additionally, the MACD bars are still curled below the zero line, with the length and energy of the green bars indicating that the bears still have room to maneuver. This combination of technical signals suggests that the risk is not insignificant.

The current price is around 0.13946. Waiting for a true bottom rebound at this level might be passive; it’s better to go with the trend. After all, in a clear downtrend, every small rebound is often a good opportunity to short. Instead of betting on a reversal, it’s wiser to respect the current technical pattern and market rhythm.